INDIAN BANK LATEST UPDATE

Dividend: Indian Bank declared a final dividend of ₹16.25 per equity share. The record date for eligibility was June 10, 2025. Interest Rate Changes: Following the RBI's repo rate cut, Indian Bank reduced its Repo Linked Benchmark Lending Rates (RBLR) from 8.70% to 8.20%, effective June 6, 2025. Other public sector banks like PNB, Bank of Baroda, and BOI also reduced their home loan interest rates. Financial Performance: In March 2025, Indian Bank's net profit rose 32% year-on-year to ₹2,956 crore. Total deposits reached ₹7,37,154 crore. Other News: Indian Bank and IIT-Madras conducted Innovision Hackathon 2025. The bank is also focusing on corporate lending in emerging sectors.