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IOB PROVISIONS FALL
Indian Overseas Bank Q4 profit surges 43% on lower provisionsIndian Overseas Bank reported a 43% surge in fourth-quarter net profit, reaching Rs 1505 crore, driven by lower provisions and tax expenses...- PSU Bank IOB shares tumble 4% as OFS priced at 7% discount opensIndian 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 d...
- IOB Q2 Results: Profit jumps 58% YoY to Rs 1,226 crore as provisions dropIndian Overseas Bank posted a 58% YoY rise in Q2 net profit to Rs 1,226 crore, driven by lower provisions and improved margins. Asset quali...
- Indian Overseas Bank Q1 profit shoots up 76% YoY to Rs 1,111 crore on recoveries, lower provisionsIndian Overseas Bank posted a 76% YoY rise in June quarter profit to Rs 1,111 crore, aided by higher recoveries, improved asset quality, lo...
- IOB plans to dilute govt's stake by up to 2.5% to raise Rs 2,000 croreIndian Overseas Bank plans to raise ₹2,000 crore by selling shares to institutional investors, reducing government stake. Q3FY24 net profit...
- Indian Overseas Bank clocks 58% rise in Q4 net profit at Rs 552 croreWe aim to achieve a 25% year-on-year rise in net profit every quarter this fiscal," managing director Partha Pratim Sengupta said."There is...
- IOB Q2 results: Net profit jumps 2.5x to Rs 376 croreNet interest margin (NIM), a key profitability parameter, was at 2.43 per cent, lower than 2.57 per cent seen in the year-ago period.
- Indian Overseas Bank posts two-fold jump in Q4 profit to Rs 350 crTotal income during Q4FY21 rose to Rs 6,073.80 crore as against Rs 5,484.06 crore in Q4FY20, IOB said.
- Indian Overseas Bank Q3 results: Posts net profit of Rs 213 crThe 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 ...
- Indian Overseas Bank Q1 results: Reports net profit of Rs 121 croreIn March quarter, the bank had a profit of Rs 144 crore, Indian Overseas Bank said in a regulatory filing.
- Indian Overseas Bank Q4 results: Reports net profit at Rs 144 croreThe city-headquartered bank had reported a net loss at Rs 1,985.16 crore during corresponding quarter previous year.
- IOB raises lending target for home, MSME loans; hopes to be profitable soon: CEOThe Public sector bank, which is under the RBI's prompt corrective action (PCA) currently and has been incurring losses for the past 18 qua...
- Moody’s downgrades ratings of IOB, CBI; raises outlook for BoB, PNBMoody's expect asset quality to remain the key credit weakness for the rated PSBs.
- RBI’s tighter norms may not hit PSU banks immediatelyRBI can also use its discretionary powers to sack the bank management, supersede the board, restrict access to deposits, staff expansion, c...
- Indradhanush scheme to revamp PSBs may fall apartNow, there are attempts to widen the field by not giving a second chance to those who could not make it when the last round of interviews w...
- PSU bank stocks fall on Rajan's exit, pare some lossesIn the first 15 minutes of trade, the Nifty PSU Bank index was trading 1.12 per cent lower at 2,604.10 and all the index stocks were quotin...
- Indian Overseas Bank tumbles on asset quality woesIOB tumbled 8% in intraday trade after the lender reported a sharp 95% year-on-year fall in its June quarter net profit.
- Indian Overseas Bank shares slump over 10.5% on Q3 lossNet loss is due to increased provisions for domestic and overseas advances and also due to conscious decision by bank in containing its cre...
- Moody's cuts Indian Overseas Bank's financial strength rating on higher bad loansInternational rating agency Moody's Investors Service has lowered Indian Overseas Bank's baseline credit assessment (BCA) by two notches fo...
- Analysts' views and recommendations on banking stocksIt is too early to get into banks now. That decline of the last 2-3 days was rather intense for banks
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