Indian Overseas Bank net profit jumps 28 per cent to Rs 500 crore on healthy loan growth, interest income Total income of the Chennai-based bank rose to Rs 6,227 crore as against Rs 5,028 crore a year ago, led… 2 years agoAugust 3, 2023
RBI imposes Rs 2.2-crore penalty on Indian Overseas Bank This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of… 3 years agoJune 2, 2023
Bank of Maharashtra tops PSU lenders chart in profit and loan growth in FY23 The Pune-headquartered lender also recorded highest growth in profitability with bottomline growing almost 126 per cent to Rs 2,602 crore… 3 years ago
Indian Overseas Bank Q4 profit rises 18 pc to Rs 650 crore The bank’s total income increased to Rs 6,622 crore in the latest March quarter from Rs 5,719 crore in the… 3 years agoMay 12, 2023
IOB mops up Rs 1k cr Chennai based public sector lender Indian Overseas Bank(IOB) has successfully mobilised tier II bonds of Rs 1,000 crore. 3 years agoMarch 25, 2023
AK Srivastava elevated as MD and CEO of Indian Overseas Bank After successful completion of about 27 years in Allahabad Bank, he was elevated as ED and he joined IOB in… 3 years agoDecember 31, 2022
Select overseas bank branches can deal in foreign financial products The direction from the RBI comes amid the row between the Indian banking regulator with the European Securities Markets Authority… 3 years agoDecember 1, 2022
IOB net up 20% to ₹392 cr on lesser bad loans, looks to raise ₹1,000 cr through QIP The bank has evolved a policy of not taking fresh exposures in stressed sectors, below hurdle rated accounts and BB… 3 years agoAugust 6, 2022
Indian Overseas Bank to raise 1,000 crore, says MD “The bank is now looking at its capital front for the year. We may have to go and raise some… 3 years agoAugust 6, 2022
Government mulls entire stake sale in two banks to woo investors NITI Aayog has already recommended the privatisation of Indian Overseas Bank (IOB) and Central Bank of India (CBI), although the… 3 years agoJune 28, 2022
Indian Overseas Bank reports 58% jump in March quarter profit after tax Chennai-based Indian Overseas Bank (IOB) reported a 58% jump in profit after tax (PAT) to Rs 552 crore in the… 4 years agoMay 19, 2022
Government to soon clear Banks Board Bureau recast The Appointments Committee of the Cabinet (ACC) would take a final call on whether to retain the board members or… 4 years agoMay 16, 2022
Bank privatisation Bill unlikely in Budget session The Niti Aayog has reportedly suggested that Indian Overseas Bank and Central Bank of India be privatised. But a key… 4 years agoMarch 17, 2022
BBB recommends Alok Choudhary for SBI Managing Director post The headhunter for directors of state-owned banks and financial institution also recommended A Manimekhalai, Ajay Kumar Srivastava and Swaroop Kumar… 4 years agoMarch 16, 2022
Centre to provide capital support mostly to weak public sector banks Earlier this month, Punjab & Sind Bank got board approval to raise equity capital worth Rs 4,600 crore by issuing… 4 years agoFebruary 27, 2022
Q3 results: IOB net jumps 113% on cost reduction, cash recovery Net NPA improved to 2.63% in Q3 from 3.13% in the corresponding quarter last fiscal. GNPA got reduced by Rs… 4 years agoFebruary 2, 2022
Nifty PSU Bank soars 2.5%; Central Bank of India, IOB share prices hit new 52-week highs on privatisation buzz Central Bank of India, Indian Overseas Bank share prices hit fresh 52-week high on BSE in intraday deals amid reports… 4 years ago
Nifty PSU Bank index zooms over 4%; Central Bank of India, IOB, J&K Bank share prices hit 20% upper circuits Central Bank of India, Indian Overseas Bank and J&K Bank share prices hit 20 per cent upper circuit in intraday… 4 years ago
