Page 2 of Indian Overseas Bank

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…

January 1, 2023 03:00 IST

overseas bank branches, rbi, foreign financial products

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…

December 2, 2022 05:00 IST

The bank is looking to raise around Rs 1,000 crore capital from the market this year through QIP, for which talks have been initiated with the investors.

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…

August 7, 2022 01:30 IST

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…

August 6, 2022 21:15 IST

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…

June 29, 2022 03:00 IST

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…

May 19, 2022 02:00 IST

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…

May 16, 2022 08:05 IST

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…

March 17, 2022 01:23 IST

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…

March 16, 2022 20:54 IST

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…

February 27, 2022 15:15 IST

Interest income stood at Rs 4,198 crore, compared to Rs 4,244 crore, while other income was at Rs 1,186 crore, against Rs 1,543 crore.

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…

February 3, 2022 00:15 IST

Central Bank of India, IOB, Indian overseas Bank, Nifty PSU Bank index, privatisation

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…

June 22, 2021 12:25 IST

PSU Bank, Central Bank of India, Indian Overseas Bank, J&K Bank

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…

June 21, 2021 15:29 IST

CBI carries out searches at 100 locations across 11 states in separate bank fraud cases

“These searches are part of a special drive to book fraudsters on the complaints received from different nationalised banks in…

Updated: March 25, 2021 21:26 IST

In reply to a question raised by a member of the Lok Sabha, minister of state for finance Anurag Singh Thakur on Monday released data on retail stressed assets in the banking system.

Banks put up Rs 5,140 crore of NPAs for sale in Q4FY21

While banks have historically sold large NPAs to ARCs, this year they are looking for buyers for even smaller loans,…

March 17, 2021 05:00 IST

The consultant would help the bank stay more focused on leveraging and adopting new technologies while helping in enhancing the quality of service and delivery to its customers. fe bureau

S Srimathy assumes charge as executive director of Indian Overseas Bank

She had been deputed to Nabard as chief vigilance officer immediately before her appointment at IOB.

March 13, 2021 04:30 IST

Long-term issuer credit rating of Indian Overseas Bank downgraded

S&P Global Ratings said on Monday said it has downgraded the long-term issuer credit rating on Indian Overseas Bank (IOB)…

May 31, 2016 07:21 IST

Indian Overseas Bank posts Rs 939 cr loss for Jan-Mar

Indian Overseas Bank today posted a net loss of Rs 936.19 crore for the January-March quarter as provisions more than…

May 27, 2016 21:59 IST

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Platinum jewellery imports restricted

Business1 hr ago

Indian government restricts imports of platinum jewellery from countries like Thailand, who are part of the ASEAN with which India has a free trade agreement. This is to prevent importers from exploiting duty differentials and circumventing tariffs by declaring items as platinum alloys.

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