After SBI, now Indian Bank has asked its employees not to conduct any function till 31 March

Public sector lender Indian Bank has instructed its senior employees across circles not to conduct any business conclaves, seminars, or felicitation functions till March 31.
“It is directed by the top management that no local training programmes be conducted/attended of channel partners by any of our filed personnel till March 31, 2024,” said the circular.
Earlier on January 2, the largest public sector lender State Bank of India (SBI) too instructed its senior employees across circles not to conduct any business conclaves, seminars, or felicitation functions till March 31, 2024.
While the circular offers no explanation, it comes amidst promising financial results for Indian Bank. In the July-September quarter, the bank saw a 62% year-on-year jump in net profit, fueled by strong retail loan growth and falling provisions.
However, growth in other income streams, like foreign exchange fees, has been sluggish. This could be one reason for the bank’s heightened focus on core business activities.
Despite the limitations, the future outlook for Indian Bank remains positive. Analysts at S&P Global predict loan growth of 13-14% in the next two fiscal years, driven primarily by retail, agriculture, and small business segments. The bank’s recent equity fundraising is also expected to strengthen its capital buffers and comply with SEBI regulations by reducing government ownership.
Very much justified decision that must be followed by not oly all the PSBs, but all central govt offices too.
Can Indian Bank TOP BRASS instruct all Managers and it’s employees to start focussing on customer care and it’s apps, balance statement numbers and missed call numbers for balance. No one cares as none of these are working nowadays. Bank employees should understand that their salaries are paid only by their customers, so they should treat them as god’s.
Indian Bank, don’t become a BOEING COMPANY. They cared for profits and least cared for customers safety. That’s why the Boeing 737 Max was brought in and they failed as new plains crashed due to a new fixture called MCAS was not explained or training done to pilots of other countries, in the bargain 2 new planes crashed, Indonesia’s Lion sir and Ethiopian air killing nearly 400 passengers. Airbus overtook Boeing with safety for it’s passengers. Indian Bank look to care for your customers, they pay your salaries. Don’t forget that……
Swarup you can close your account if you think that bank employees salaries being paid by dalla like you.
Bloody fool.
If you are a customer reading this kindly remember you are also a service provider in your field you guys without any logic or purpose start bragging about bank and it’s employees did you ever asked why you are keeping money in bank if you don’t like it, it’s not about likeing everytime like you pay for your flight still follow all shity rules there like wise there are rules in bank it helps to stop chaios
Damador u r d fool, Swaroop is absolutely right
I also agree with Swaroop that the decline of Indian bank happens in the same way as a tortoise reaches the floor despite moving slowly in a race, but one thing is also true that slow is true. Recently SBI asked to update phone number, it has been 20 days but it has not been updated yet.