- FCNR deposit rates up to 6.5%: Bank of Baroda, Indian Overseas Bank and others launch schemes for NRIs, OCIs
Following RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, ...More
Following RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have launched FCNR(B) schemes with attractive US dollar deposit rates. These schemes, effective from June 2026, offer interest rates up to 6.50% p.a. for tenures of 3 to 5 years, with a one-year lock-in period. ...Less

- Free flow of FCNR(B) money: RBI to bear hedging costs on NRI FX deposits, easing banks’ overseas funding
The Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. ...More
The Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to make these deposits more attractive to overseas depositors. Banks expect to offer higher interest rates, potentially up to 100 basis points. This initiative seeks to increase dollar inflows through banking channels and revive interest in FCNR(B) deposits. ...Less

- RBI to bear full hedging cost on FCNR(B) deposits
The Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. ...More
The Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to attract more overseas funds. Banks can now offer higher interest rates to non-resident depositors. This is expected to increase dollar inflows into India. The facility is available for deposits with three to five years tenure until September 30. ...Less

- Indian banks avoid fresh Gulf bets as Iran crisis drags on
Indian banks are pausing new business in Gulf countries amid the Iran crisis. Lenders are closely watchin ...More
Indian banks are pausing new business in Gulf countries amid the Iran crisis. Lenders are closely watching existing ties to avoid financial trouble. State Bank of India and Punjab National Bank are among those taking a cautious approach. This move aims to manage risks and ensure stability in international operations. ...Less

- Stocks in news: Bajaj Finance, Eternal, Airtel, Maruti Suzuki, Adani Power
Markets experienced a volatile session, closing weaker on Tuesday due to the monthly derivatives expiry. ...More
Markets experienced a volatile session, closing weaker on Tuesday due to the monthly derivatives expiry. Analysts note the Nifty is attempting to hold above its 20 DEMA near 23,950, but banking sector weakness poses a recovery risk. Several companies, including Bajaj Finance and Eternal, will be in focus due to Q4 results and news developments. ...Less

- Indian Overseas Bank Q4 profit surges 43% on lower provisions
Indian Overseas Bank reported a 43% surge in fourth-quarter net profit, reaching Rs 1505 crore, driven by ...More
Indian Overseas Bank reported a 43% surge in fourth-quarter net profit, reaching Rs 1505 crore, driven by lower provisions and tax expenses. Despite flat pre-provision operating profit due to treasury losses, the bank's asset quality improved with a falling NPA ratio. Annual net profit also saw a significant 56% increase. ...Less

- ₹300 crore+ in bank deposits, Kodaikanal land and ₹12.6 crore loan to wife Sangeetha; Check TVK chief Vijay's ₹600 crore assets
Vijay's Election Affidavit: Actor and TVK chief Mr. Vijay has declared total assets worth Rs 603.20 crore ...More
Vijay's Election Affidavit: Actor and TVK chief Mr. Vijay has declared total assets worth Rs 603.20 crore in his election affidavit filed ahead of the Tamil Nadu Assembly polls. The declaration includes Rs 404.58 crore in movable assets — with over Rs 213 crore parked in Indian Overseas Bank deposits — and Rs 198.62 crore in immovable assets, including agricultural land in Kodaikanal and multiple properties in Chennai. ...Less

- IOB lowers yearly profit to Rs 646 cr on asset classification divergence
While the bank reported Gross Non-Performing Assets (GNPAs) at Rs 16,323 crore in FY21, the Reserve Bank ...More
While the bank reported Gross Non-Performing Assets (GNPAs) at Rs 16,323 crore in FY21, the Reserve Bank assessed it at Rs 17,023 crore, leading to a divergence of Rs 700 crore in gross bad loans. ...Less

- Indian Overseas Bank launches ''Locate IOB'' initiative
Indian Overseas Bank introduced 'Locate IOB' for customers. This helps to find nearby branches and ATMs e ...More
Indian Overseas Bank introduced 'Locate IOB' for customers. This helps to find nearby branches and ATMs easily. Customers can access this tool on the IOB portal or website. It provides addresses, directions, and IFSC codes. Users can also call branches directly from the website. This initiative aims to improve customer support with easy access to information. ...Less

- Buy IOB: Ashwani Gujral, Market Strategist
A target of 150 is likely in IOB. ...More
A target of 150 is likely in IOB. ...Less
- Buy IOB with a target of Rs 70 and a stop loss of Rs 57: Ashwani Gujral
"IOB is a 'BUY' call with a target of Rs 70 and a stop loss of Rs 57." ...More
"IOB is a 'BUY' call with a target of Rs 70 and a stop loss of Rs 57." ...Less
- Sell IOB with a target of Rs 54: Sandeep Wagle
"IOB is a 'SELL' call with a target of 54 and a stop loss of 61." ...More
"IOB is a 'SELL' call with a target of 54 and a stop loss of 61." ...Less
- Buy IOB with a target of Rs 80: Ashwani Gujral
"IOB is a 'BUY' call with a target of Rs 80 and a stop loss of Rs 69." ...More
"IOB is a 'BUY' call with a target of Rs 80 and a stop loss of Rs 69." ...Less
- Buy IOB with a target of Rs 67: Mitesh Thacker
"IOB is a 'BUY' call with a target of Rs 67 and a stop loss of Rs 60." ...More
"IOB is a 'BUY' call with a target of Rs 67 and a stop loss of Rs 60." ...Less
- Sell IOB with stop loss of Rs 96: Ashwani Gujral
"IOB is a ‘sell’ call with a target of Rs 82 and a stop loss of Rs 96." ...More
"IOB is a ‘sell’ call with a target of Rs 82 and a stop loss of Rs 96." ...Less
- Sell IOB Ltd with a target of Rs 55.50: Sandeep Wagle
"IOB Ltd is a 'SELL' call with a target of 55.50 and a stop loss of 60.50." ...More
"IOB Ltd is a 'SELL' call with a target of 55.50 and a stop loss of 60.50." ...Less
- Buy IoB with a target of Rs 65: Mitesh Thacker
"IoB is a 'BUY' call with a target of Rs 65 and a stop loss of Rs 60." ...More
"IoB is a 'BUY' call with a target of Rs 65 and a stop loss of Rs 60." ...Less
- Sell IOB Ltd with a target of Rs 80.50: Sandeep Wagle
IOB Ltd is a 'SELL' call with a target of Rs 80.50 and a stop loss of Rs 87. ...More
IOB Ltd is a 'SELL' call with a target of Rs 80.50 and a stop loss of Rs 87. ...Less
- Indian Overseas Bank's rating may face pressure if credit profile weakens: S&P
Standard & Poor's today said the rating of Indian Overseas Bank (IOB) could face downward pressure if the ...More
Standard & Poor's today said the rating of Indian Overseas Bank (IOB) could face downward pressure if the corrective action taken by RBI results in weakening of the bank's credit profile. ...Less

- Reliance Mutual Fund in distribution tie-up with IOB
Reliance Mutual Fund, a part of Reliance Capital, today said it has entered into a distribution tie-up wi ...More
Reliance Mutual Fund, a part of Reliance Capital, today said it has entered into a distribution tie-up with IOB. ...Less
- IOB's plans to acquire co op bank branches to grow on hold
State-owned Indian Overseas Bank's (IOB) plans to grow in the western and northern regions of India by ac ...More
State-owned Indian Overseas Bank's (IOB) plans to grow in the western and northern regions of India by acquiring co-operative banks may not come through, at least in the near term. ...Less
- Sell IOB: Mitesh Thacker
It could go down to 138 and the stop loss here should be about 147.25. ...More
It could go down to 138 and the stop loss here should be about 147.25. ...Less
- Sell IOB; target 130: Ashwani Gujral
"IOB, sell with a stop of 145." ...More
"IOB, sell with a stop of 145." ...Less
- IOB fetches a neat bargain
IT WAS homecoming at last for BhOB (Bharat Overseas Bank) after a long drawn-out struggle by IOB, which f ...More
IT WAS homecoming at last for BhOB (Bharat Overseas Bank) after a long drawn-out struggle by IOB, which fought tooth and nail to bring back home the prodigal. ...Less
- Buy IOB with a target of Rs 92: Ashwani Gujral
Buy IOB with stop loss of Rs 78, for target of Rs 92. ...More
Buy IOB with stop loss of Rs 78, for target of Rs 92. ...Less
- Buy IOB with a target of Rs 45: Ashwani Gujral
'IOB is a 'BUY' call with a target of Rs 45 and a stop loss of Rs 42.15' ...More
'IOB is a 'BUY' call with a target of Rs 45 and a stop loss of Rs 42.15' ...Less
- PSU Bank IOB shares tumble 4% as OFS priced at 7% discount opens
Indian Overseas Bank shares fell 4% to Rs 35 on December 17 as its offer for sale (OFS) opened with a 7% ...More
Indian Overseas Bank shares fell 4% to Rs 35 on December 17 as its offer for sale (OFS) opened with a 7% discount. The government aims to divest up to 3% stake, with retail investors able to bid from December 18. The OFS floor price is Rs 34, valuing the offer at over Rs 1,964 crore. ...Less

- Sell IOB with a target of Rs 36: Ashwani Gujral
'IOB is a 'SELL' call with a target of Rs 36 and a stop loss of Rs 42' ...More
'IOB is a 'SELL' call with a target of Rs 36 and a stop loss of Rs 42' ...Less
- Sell IOB with a target of Rs 40: Sandeep Wagle
'IOB Ltd is a ‘SELL’ call with a target of Rs 40 and a stop loss of Rs 45' ...More
'IOB Ltd is a ‘SELL’ call with a target of Rs 40 and a stop loss of Rs 45' ...Less
- Buy IoB with a target of Rs 70: Ashwani Gujral
"IoB is a 'BUY' call with a target of Rs 70 and a stop loss of Rs 56." ...More
"IoB is a 'BUY' call with a target of Rs 70 and a stop loss of Rs 56." ...Less
- Buy IOB at a target of Rs 61.50: Sandeep Wagle
"IOB is a ‘BUY’ call with a target of Rs 61.50 and a stop loss of Rs 52.50." ...More
"IOB is a ‘BUY’ call with a target of Rs 61.50 and a stop loss of Rs 52.50." ...Less
- Sell IOB with a target of Rs 37: Mitesh Thacker
'IOB Ltd. is a 'SELL' call with a target of Rs 37 and a stop loss of Rs 40.15' ...More
'IOB Ltd. is a 'SELL' call with a target of Rs 37 and a stop loss of Rs 40.15' ...Less
- IOB takes BhOB reins
The Chennai-based government bank, Indian Overseas Bank (IOB) has finally taken control of Bharat Oversea ...More
The Chennai-based government bank, Indian Overseas Bank (IOB) has finally taken control of Bharat Overseas Bank (BhOB), an unlisted private bank. ...Less
- IOB Q2 net up 0.63 pc at Rs 207.46 crore
Public sector lender Indian Overseas Bank (IOB) has posted a marginal jump of 0.63 per cent in net profit ...More
Public sector lender Indian Overseas Bank (IOB) has posted a marginal jump of 0.63 per cent in net profit to Rs 207.46 crore for the second quarter ended September 30. ...Less
- LIC hikes stake in IOB to 9.96 pc
The country's biggest insurance service provider, LIC, has hiked its stake in Indian Overseas Bank (IOB) ...More
The country's biggest insurance service provider, LIC, has hiked its stake in Indian Overseas Bank (IOB) to 9.96 per cent after purchasing additional shares worth Rs 57.65 crore through open-market transaction. ...Less
- Standard Chartered MF ties up with IOB
Standard Chartered Mutual Fund (SCMF) on Friday said it has entered into a strategic tie-up with south-ba ...More
Standard Chartered Mutual Fund (SCMF) on Friday said it has entered into a strategic tie-up with south-based Indian Overseas Bank (IOB) to distribute various SCMF schemes. ...Less
- IOB hikes foreign currency NRI deposit rates by up to 175 bps
IOB has increased interest rates in foreign currency non-resident (Banking) accounts by 175 basis points ...More
IOB has increased interest rates in foreign currency non-resident (Banking) accounts by 175 basis points for deposits of three to five years. ...Less
- IOB puts 92 bad loans worth Rs 13,000 crore on the block
The sale is the Chennai-based bank's attempt to explore other avenues for recovery when cases in the Nati ...More
The sale is the Chennai-based bank's attempt to explore other avenues for recovery when cases in the National Company Law Tribunal (NCLT) are delayed beyond any timeline, IOB executive director Joydeep Dutta Roy said. ...Less

- IOB plans Dubai representative office
The Indian Overseas Bank (IOB) plans to open a representative office in Dubai as part of its foray into t ...More
The Indian Overseas Bank (IOB) plans to open a representative office in Dubai as part of its foray into the Gulf region. ...Less
- IOB business registers 22.4 pc growth
The total business of Indian Overseas Bank (IOB) has registered a growth of 24.2 per cent in 2011-12, tou ...More
The total business of Indian Overseas Bank (IOB) has registered a growth of 24.2 per cent in 2011-12, touching Rs 3,21,707 crore, according to a top bank official. ...Less
- Punjab & Sind, IOB plan Rs 7,000 crore share sale
Indian Overseas Bank and Punjab & Sind Bank are set to raise ₹4,000 crore and ₹3,000 crore respectively t ...More
Indian Overseas Bank and Punjab & Sind Bank are set to raise ₹4,000 crore and ₹3,000 crore respectively through qualified institutional placements this quarter. IOB has secured necessary approvals and is appointing merchant bankers, while Punjab & Sind Bank will hold an EGM on January 21 to consider its equity capital raise. ...Less

- IOB to take over assets & liabilities of Shree Suvarna
State-owned Indian Overseas Bank (IOB) will take over assets and liabilities of Pune-based Shree Suvarna ...More
State-owned Indian Overseas Bank (IOB) will take over assets and liabilities of Pune-based Shree Suvarna Sahakari Bank (SSSB), an urban co-operative bank (UCB), by June 30, 2008. ...Less
- IOB puts on hold plans to acquire co-operative banks
State-owned Indian Overseas Bank’s (IOB) plans to grow in the western and northern regions of India by ac ...More
State-owned Indian Overseas Bank’s (IOB) plans to grow in the western and northern regions of India by acquiring co-operative banks may not come through, at least in the near term. ...Less
- IOB Q4 profit jumps 30% to Rs 1,051 crore on lower employee cost
Indian Overseas Bank reported a 30% YoY rise in Q4 profit to ₹1,051 crore, aided by lower employee costs, ...More
Indian Overseas Bank reported a 30% YoY rise in Q4 profit to ₹1,051 crore, aided by lower employee costs, improved margins, better asset quality, and strong loan growth, especially in retail and agriculture segments. ...Less

- Buy Indian Overseas Bank, stop loss Rs 150: Ashwani Gujral
You keep a stop of about Rs 150 and look for Rs 175 in case banking has some pullback. IOB is one of the ...More
You keep a stop of about Rs 150 and look for Rs 175 in case banking has some pullback. IOB is one of the stronger banks. ...Less
- Edelweiss, Phoenix among ARCs vying for IOB's Rs 13,472-crore NPAs
Edelweiss ARC, Phoenix ARC, Omkara ARC, and Prudent ARC eye Indian Overseas Bank's loan portfolio. Sets w ...More
Edelweiss ARC, Phoenix ARC, Omkara ARC, and Prudent ARC eye Indian Overseas Bank's loan portfolio. Sets with reserve prices. ARCs conduct due diligence. Bank reports lower non-performing Assets. ...Less
- Indian Overseas Bank Q2 net profit rises 25 pc to Rs 625 cr
Indian Overseas Bank (IOB) on Friday reported a 25 per cent growth in net profit to Rs 625 crore during t ...More
Indian Overseas Bank (IOB) on Friday reported a 25 per cent growth in net profit to Rs 625 crore during the September quarter. The state-owned lender had posted a net profit of Rs 501 crore in the year-ago period. ...Less
- IRP nod must for recovering money from defaulter's bank a/c: NCLAT
The NCLAT was hearing the plea of IOB, which is one of the financial creditors of debt-ridden auto compon ...More
The NCLAT was hearing the plea of IOB, which is one of the financial creditors of debt-ridden auto component maker Amtek Auto. It holds 4.08 per cent of the total value of the financial debt. ...Less
- ICRA to rate IOB's loans, exposures
ICRA will rate IOB's loans and other exposures under the standardized approach of RBI's New Capital Adequ ...More
ICRA will rate IOB's loans and other exposures under the standardized approach of RBI's New Capital Adequacy Framework for Basel-II. ...Less
- Buy IOB; target 100: Ashwani Gujral
"IOB is a buy with a stop of about 88, target of 100." ...More
"IOB is a buy with a stop of about 88, target of 100." ...Less
- IOB plans to raise investments in Sri Lanka
Public sector lender Indian Overseas Bank (IOB) is planning to enhance its investments in Sri Lanka, loca ...More
Public sector lender Indian Overseas Bank (IOB) is planning to enhance its investments in Sri Lanka, local media report stated. ...Less
- IOB to shut 10 regional offices to improve efficiency
IOB today said it will rationalise the number of its regional offices by closing 10 such offices to impro ...More
IOB today said it will rationalise the number of its regional offices by closing 10 such offices to improve efficiency. ...Less
- IOB gets shareholders nod for Rs 1,977 cr preferential issue
The shareholders at the general meeting approved issuance of shares to the govt and LIC on preferential b ...More
The shareholders at the general meeting approved issuance of shares to the govt and LIC on preferential basis at Rs 97.82 apiece, IOB said in a BSE filing. ...Less
- IOB plans to increase bank branches to 3,000 by next FY
Indian Overseas Bank (IOB) is planning to increase its branches to 3,000 and achieve an equal number in A ...More
Indian Overseas Bank (IOB) is planning to increase its branches to 3,000 and achieve an equal number in ATMs, across the country by the next financial year. ...Less
- SBI General forges bancassurance tie-up with Indian Overseas Bank
Through the alliance, SBI General will offer a range of general insurance solutions and innovative produc ...More
Through the alliance, SBI General will offer a range of general insurance solutions and innovative products to IOB customers, SBI General said in a release. Chennai-headquartered IOB has over 3,200 branches across the country and also has overseas presence. ...Less
- IOB aims to boost advances to retail, MSME, agri, corporate sector in FY23
IOB said the asset quality of Public Sector Banks (PSBs) are on an improving trend though some loans are ...More
IOB said the asset quality of Public Sector Banks (PSBs) are on an improving trend though some loans are classified as restructured loans under pandemic permitted RBI schemes. ...Less
- Indian Overseas Bank to augment capital
IOB is planning to augment capital, through one of the following options - rights issue, preferential iss ...More
IOB is planning to augment capital, through one of the following options - rights issue, preferential issue, qualified institutional issue or on a private placement basis. ...Less
- Apollo Munich ties up with IOB for customised product offering
Apollo Munich will offer customized products with sum insured ranging from Rs 3 lakh to Rs 10 lakh to IOB ...More
Apollo Munich will offer customized products with sum insured ranging from Rs 3 lakh to Rs 10 lakh to IOB's customers, it said. ...Less
- Buy IOB with stop of 79: Mitesh Thacker
IOB one of the stocks in the banking pack which has been late participant now is showing good momentum. 9 ...More
IOB one of the stocks in the banking pack which has been late participant now is showing good momentum. 91 would be the price target, 79 should be the stop loss here. ...Less
- K Subrahmanyam appointed UBI's executive director
Union Bank of India today said that top Indian Overseas Bank (IOB) executive K Subrahmanyam has assumed c ...More
Union Bank of India today said that top Indian Overseas Bank (IOB) executive K Subrahmanyam has assumed charge as its Executive Director. ...Less
- Indian Overseas Bank Q1 profit shoots up 76% YoY to Rs 1,111 crore on recoveries, lower provisions
Indian Overseas Bank posted a 76% YoY rise in June quarter profit to Rs 1,111 crore, aided by higher reco ...More
Indian Overseas Bank posted a 76% YoY rise in June quarter profit to Rs 1,111 crore, aided by higher recoveries, improved asset quality, lower provisions, and increased income. Gross NPA fell to 1.97%, while NII rose 12.5%. ...Less
- Indian Overseas Bank launches 'Connect card'
Though all IOB customers have been provided ATM cum Debit card, Connect Card is targeted at the younger g ...More
Though all IOB customers have been provided ATM cum Debit card, Connect Card is targeted at the younger generation aged between 10 and 28 years. ...Less
- IOB, American Express launches premium credit cards
Public sector Indian Overseas Bank today launched premium credit cards targeting elite customers in assoc ...More
Public sector Indian Overseas Bank today launched premium credit cards targeting elite customers in association with American Express. ...Less
- IOB, Punjab & Sind Bank plan QIPs to raise Rs 7,000 crore
Indian Overseas Bank and Punjab & Sind Bank plan to raise Rs 7,000 crore via qualified institutional plac ...More
Indian Overseas Bank and Punjab & Sind Bank plan to raise Rs 7,000 crore via qualified institutional placements to fund growth, meet Basel norms and reduce high government shareholding, even as IOB flags challenges in meeting minimum public shareholding norms by August. ...Less
- Indian Overseas Bank Q2 net rises by 17 per cent to Rs 206.14 crore
Indian Overseas Bank (IOB) today reported a jump of 17.09 per cent in its net profit for the second quart ...More
Indian Overseas Bank (IOB) today reported a jump of 17.09 per cent in its net profit for the second quarter ended September 30, 2010 at Rs 206.14 crore. ...Less
- Gudi Padwa: IOB announces sale of Indian Gold Coin in Mumbai on April 8
The IOB on Thursday announced the sale of the Indian Gold Coin across all its branches in Mumbai on April ...More
The IOB on Thursday announced the sale of the Indian Gold Coin across all its branches in Mumbai on April 8 on the occasion of Gudi Padwa. ...Less
- Hold IOB, bullish on banking space: Bonanza Portfolio Limited
Avinash Gupta, Assistant Vice President Research Equity, Bonanza Portfolio Limited in an interview with E ...More
Avinash Gupta, Assistant Vice President Research Equity, Bonanza Portfolio Limited in an interview with ET Now talks about banking space. ...Less
- IOB board approves Rs 800 crore capital infusion
State-owned Indian Overseas Bank (IOB) today said its board has given approval for raising Rs 800 crore t ...More
State-owned Indian Overseas Bank (IOB) today said its board has given approval for raising Rs 800 crore through bonds. ...Less
- R Koteeswaran takes over as new Indian Overseas Bank CMD
Prior to this, Koteeswaran was serving Bank of India as its Executive Director, the Chennai-based IOB sai ...More
Prior to this, Koteeswaran was serving Bank of India as its Executive Director, the Chennai-based IOB said in a statement today. ...Less
- Can a bank allow a company under insolvency to withdraw cash?
In an embarrassing case, Amtek Auto managed to withdraw money from its account in IOB Hosur branch althou ...More
In an embarrassing case, Amtek Auto managed to withdraw money from its account in IOB Hosur branch although loans taken from the bank’s Rajiv Circle branch in New Delhi had turned NPAs. ...Less
- IOB Q3 Net soars 2 fold to Rs 232 cr
State-run Indian Overseas bank today reported a over two-fold growth in net profit at Rs 231.66 crore for ...More
State-run Indian Overseas bank today reported a over two-fold growth in net profit at Rs 231.66 crore for the third quarter ended December 31, 2010. ...Less
- Indian Overseas Bank plans to raise $500 mn in FCCBs
Indian Overseas plans to raise $500 million in foreign currency bonds to fund Indian companies' expansion ...More
Indian Overseas plans to raise $500 million in foreign currency bonds to fund Indian companies' expansion abroad. ...Less
- IOB set to recover 40% of education loan on sale to Reliance ARC
Anil Ambani-owned Reliance Capital - the parent company of Reliance ARC - is undergoing insolvency procee ...More
Anil Ambani-owned Reliance Capital - the parent company of Reliance ARC - is undergoing insolvency proceedings with Torrent Investments and Hinduja Group in the fray to acquire the financial services company. Reliance ARC is among 20 Reliance Capital subsidiaries that would be sold under the corporate insolvency process. ...Less
- IOB is a good short-term trading candidate: Deepak Mohoni
Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now discusses Hero Honda and IOB. ...More
Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now discusses Hero Honda and IOB. ...Less
- Indian Overseas Bank Q1 net profit up 13.5% at Rs 233.43 crore
The total business during April-June, 2012 grew by 23.28% to Rs 3,33,248 crore from Rs 2,70,320 crore as ...More
The total business during April-June, 2012 grew by 23.28% to Rs 3,33,248 crore from Rs 2,70,320 crore as on June 30, 2011. ...Less
- Indian Overseas Bank becomes 5th PSU bank to cross Rs 1 lakh crore market cap
In Friday's trade, the stock rose over 6.5% to hit a 52-week high at Rs 55.5, backed by heavy volumes on ...More
In Friday's trade, the stock rose over 6.5% to hit a 52-week high at Rs 55.5, backed by heavy volumes on the NSE. A total of 5.71 crore equity shares worth Rs 310.7 crore have changed hands so far. IOB is the fifth public lender after the State Bank of India (SBI), Bank of Baroda, Punjab National Bank (PNB), and Union Bank of India to cross the market capitalization of Rs 1 lakh crore. ...Less
- R Subramania Kumar to hold addl charge of MD & CEO of IOB
The Appointments Committee of Cabinet has approved the proposal of Department of Financial Services for e ...More
The Appointments Committee of Cabinet has approved the proposal of Department of Financial Services for extending the additional charge of the post of MD and CEO ...Less
- IOB to focus on increasing CASA, bad asset recovery in FY14
IOB said it will focus on increasing the share of the low-cost deposit base along with recovery of bad as ...More
IOB said it will focus on increasing the share of the low-cost deposit base along with recovery of bad assets to contain NPA in the current financial year. ...Less
- Indian Overseas Bank's $1 billion MTN sale plan oversubscribed
IOB received response from over 100 overseas investors for the MTN plan. The notes will be listed on the ...More
IOB received response from over 100 overseas investors for the MTN plan. The notes will be listed on the Singapore Stock Exchange. ...Less
- Indian Overseas Bank Q4 results: PAT jumps 30% YoY to Rs 1,051 crore, NII up 13%
IOB Q4 results: On a sequential basis, the state-run lender’s profit after tax (PAT) rose 20% to ₹1,049 c ...More
IOB Q4 results: On a sequential basis, the state-run lender’s profit after tax (PAT) rose 20% to ₹1,049 crore, up from ₹874 crore in Q3FY25. Interest earned grew 7% from ₹7,112 crore in the previous quarter, while interest expended increased 4% over ₹4,323 crore. ...Less
- Indian Overseas Bank posts two-fold jump in Q4 profit to Rs 350 cr
Total income during Q4FY21 rose to Rs 6,073.80 crore as against Rs 5,484.06 crore in Q4FY20, IOB said. ...More
Total income during Q4FY21 rose to Rs 6,073.80 crore as against Rs 5,484.06 crore in Q4FY20, IOB said. ...Less
- Exim Bank, IOB join hands to fund Akshay-Katrina starrer
Consortium finance, a well-established concept in the corporate world, has now entered the world of films ...More
Consortium finance, a well-established concept in the corporate world, has now entered the world of films. ...Less
- Indian Overseas Bank net losses double to Rs 550 crore, gross NPA at 11 per cent
Losses of government owned Indian Overseas Bank (IOB) doubled in the second quarter as its made higher pr ...More
Losses of government owned Indian Overseas Bank (IOB) doubled in the second quarter as its made higher provisions for bad loans while earning from lending business remained almost flat. ...Less
- S&P downgrades Indian Overseas Bank’s rating to speculative grade
Standard & Poor’s on Monday lowered the credit rating of stateowned Indian Overseas Bank (IOB) to BB+, in ...More
Standard & Poor’s on Monday lowered the credit rating of stateowned Indian Overseas Bank (IOB) to BB+, indicating speculative grade. ...Less
- Indian Overseas Bank Specialist Officer Recruitment: How and where to apply
The application process commenced on November 6 and will conclude on November 19, 2023. The selected cand ...More
The application process commenced on November 6 and will conclude on November 19, 2023. The selected candidates will be placed anywhere in India from time to time and on terms and conditions decided by the bank. ...Less
- IOB expects 25 pc growth in advances to SMEs
IOB expects its advances towards the micro, small and medium enterprises (SMEs) to grow by 25 per cent by ...More
IOB expects its advances towards the micro, small and medium enterprises (SMEs) to grow by 25 per cent by March, a top official said. ...Less
- Indian Overseas Bank clocks 58% rise in Q4 net profit at Rs 552 crore
We aim to achieve a 25% year-on-year rise in net profit every quarter this fiscal," managing director Par ...More
We aim to achieve a 25% year-on-year rise in net profit every quarter this fiscal," managing director Partha Pratim Sengupta said."There is no negative impact on lending growth after the 40 basis points rise in repo rate," he said. RBI reversed its easy rate cycle in an off-cycle monetary policy meeting earlier this month reacting to the sharp rise in inflation. ...Less
- Indian Overseas Bank posts net loss of Rs 516 crore in Q3 on higher provision
Indian Overseas Bank today reported a net loss of Rs 516.03 crore for the quarter ended December 2014 due ...More
Indian Overseas Bank today reported a net loss of Rs 516.03 crore for the quarter ended December 2014 due to higher provisions for bad loans. ...Less
- Indian Overseas Bank Q3 results: Posts net profit of Rs 213 cr
The bank had posted a staggering net loss of Rs 6,075.49 crore in the year-ago quarter. IOB had posted a ...More
The bank had posted a staggering net loss of Rs 6,075.49 crore in the year-ago quarter. IOB had posted a net profit of Rs 148.14 crore for the July-September quarter of 2020-21. ...Less
- Indian Overseas Bank Q1 Net down 46 per cent at Rs 125.8 crore
Indian Overseas Bank (IOB) today reported 46.1 per cent decline in net profit at Rs 125.8 crore for the f ...More
Indian Overseas Bank (IOB) today reported 46.1 per cent decline in net profit at Rs 125.8 crore for the first quarter ended June, 2013. ...Less
- Apollo Tyres looks good from an investment perspective: Satish Betadpur
Satish Betadpur, CFA, Global Research Director, Independent International Investment Research PLC in an i ...More
Satish Betadpur, CFA, Global Research Director, Independent International Investment Research PLC in an interview with ET Now talks about Apollo Tyres, IOB and Syndicate Bank. ...Less
- IOB is on the uptick: Satish Betadpur
Satish Betadpur, CFA, Global Research Director, Independent International Investment Research PLC in an i ...More
Satish Betadpur, CFA, Global Research Director, Independent International Investment Research PLC in an interview with ET Now talks about IOB. ...Less
- Like IOB in midcap PSU banking space: Satish Betadpu
Indian Overseas Bank is one of the cheaper plays in the midcap PSU banking space. ...More
Indian Overseas Bank is one of the cheaper plays in the midcap PSU banking space. ...Less
- Indian Overseas Bank Q2 Results: Net profit rises 25% YoY to Rs 625 cr
Interest income stood at Rs 5,821 crore for the quarter ended September 30, 2023. Total business improved ...More
Interest income stood at Rs 5,821 crore for the quarter ended September 30, 2023. Total business improved to Rs 4.82 lakh crore. ...Less