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IOB GROSS NPA
IOB to sell 92 NPA accounts having Rs 13,472 cr loan outstandingIndian Overseas Bank to e-auction 92 non-performing loans worth Rs 13,471.68 crore. Loans include consortium arrangements, NCLT cases, sole...- Indian Overseas Bank adopts multi-pronged approach to ensure recovery from NPA accountsIndian Overseas Bank successfully reduces Gross NPA to 3.90%. Sale announced for 92 NPA loans totaling Rs 13,471.68 crore. Recovery strateg...
- Indian Overseas Bank Q2 net profit rises 25 pc to Rs 625 crIndian Overseas Bank (IOB) on Friday reported a 25 per cent growth in net profit to Rs 625 crore during the September quarter. The state-ow...
- Indian Overseas Bank Q2 Results: Net profit rises 25% YoY to Rs 625 crInterest income stood at Rs 5,821 crore for the quarter ended September 30, 2023. Total business improved to Rs 4.82 lakh crore.
- IOB lowers yearly profit to Rs 646 cr on asset classification divergenceWhile 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, le...
- Indian Overseas Bank seeks about Rs 1,000 cr capital support from government"We expect the trend to continue and book profit quarter after quarter aided by prospects of better recovery. There will be no question of ...
- Making efforts to cut bad loans to come out of PCA framework: Indian Overseas BankThe Chennai-based lender had returned to black, registering a net profit of Rs 144 crore in the January-March quarter of the fiscal ended M...
- IOB Q3 results: Lender posts Rs 6,075 crore loss as provisions jump 3 timesThe bank kept aside Rs 6,663.94 as provisions for bad loans in the quarter, which hit its bottom line.
- Government ups capital infusion in IOB to Rs 4,360 croreBesides, the government has approved infusion of Rs 2,142 crore in UCO Bank.
- RBI puts IDBI Bank, IOB, UCO Bank and another PSB under watch on asset quality concernsThese lenders were on the RBI's radar as their financial health may not improve after the central bank's asset quality review (AQR) comes t...
- Members of Public Accounts Committee of Parliament for forensic audit of PSB defaultersAccording to people privy to PAC deliberations, the Indian Overseas Bank (IOB) authorities told PAC that its gross NPAs as of December 2016...
- IOB, UCO Bank tumble up to 4% on Q1 losses, huge GNPAsShares of IOB tumbled 5.12 per cent to hit a low of Rs 25.90 on BSE. The bank had hit a 52-week low of Rs 21.10 in February this year.
- IOB to shut 10 regional offices to improve efficiencyIOB today said it will rationalise the number of its regional offices by closing 10 such offices to improve efficiency.
- Indian Overseas Bank net losses double to Rs 550 crore, gross NPA at 11 per centLosses of government owned Indian Overseas Bank (IOB) doubled in the second quarter as its made higher provisions for bad loans while earni...
- RBI starts prompt corrective action on IOB to deal with NPAsRBI has taken "prompt corrective action" on state-run Indian Overseas Bank (IOB) with the view to improve internal processes to deal with m...
- UCO Bank registers highest increase in gross NPAsIt was followed by Indian Overseas Bank (IOB) and Bank of Maharashtra (BoM) with gross NPA rising to 8.30 per cent, and 6.18 per cent respe...
- Indian Overseas Bank Q1 net down 94.56% at Rs 14.76 croreIOB's total income grew to Rs 6,672.11 crore in the quarter under review, up 6.16 per cent from Rs 6,284.69 crore during the same period of...
- Indian Overseas Bank posts net loss of Rs 516 crore in Q3 on higher provisionIndian Overseas Bank today reported a net loss of Rs 516.03 crore for the quarter ended December 2014 due to higher provisions for bad loan...
- IOB to focus on increasing CASA, bad asset recovery in FY14IOB 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...
- Indian Overseas Bank Q1 net profit up 13.5% at Rs 233.43 croreThe 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.
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