News from other websites on Indian Overseas Bank
Suzlon eyes to raise $400 mn by selling 15 non-core assets
May 05, 2013 at 14:56 | Source: Economic Times
MUMBAI: World's fifth largest wind turbine- maker Suzlon Energy is planning to raise up to USD 400 million by selling 15 of its non-core assets in a bid to partly retire the huge debt pile of nearly Rs 14,600 crore, a top company official has said. ...
Suzlon to raise $400 mn by selling non-core assets
May 05, 2013 at 14:22 | Source: FirstPost
Mumbai: World's fifth largest wind turbine- maker Suzlon Energy is planning to raise up to $400 million by selling 15 of its non-core assets in a bid to partly retire the huge debt pile of nearly Rs 14,600 crore, a top company official has said.Earli...
IOB focuses on bad loan recovery
May 04, 2013 at 22:31 | Source: The Hindu BusinessLine
Mumbai, May 4: Indian Overseas Bank will step up its thrust on making recoveries from bad loans in FY2014, said a top official. The public sector bank has set a target to recover Rs 2,500 crore from bad loans in FY2014, against Rs 1,700 crore recove...
No relief for customers: Banks unlikely to cut rates immediately
May 03, 2013 at 15:35 | Source: Economic Times
MUMBAI: Borrowers will have to wait for a little longer for interest rate on their loans to fall, even as the Reserve Bank of India (RBI) has eased policy rates today. When asked whether RBI would pass the benefit of lower rates to customers, Pratip...
IOB to focus on increasing CASA, bad asset recovery in FY14
May 03, 2013 at 05:27 | Source: Economic Times
MUMBAI: Indian Overseas bank (IOB) today 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. "Our major focus will be on enhancing current account, s...
IOB to focus on increasing CASA, NPA recovery
May 02, 2013 at 21:31 | Source: The Hindu BusinessLine
Mumbai, May 2: Indian Overseas Bank (IOB) today 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. “Our major focus will be on enhancing...
Indian Overseas Bank Q4 net profit declines at Rs 58.60 cr
Apr 30, 2013 at 10:21 | Source: Business Today
Indian Overseas Bank on Monday reported a decline in its fourth quarter net profit at Rs 58.60 crore, against Rs 528.88 crore earned during the corresponding quarter of the previous year.Chairman-cum-Managing Director M Narendra attributed the sharp...
Asset quality concerns persist for Indian Overseas Bank
Apr 30, 2013 at 05:57 | Source: Economic Times
Indian Overseas Bank came out with a disappointing set of numbers for the quarter ended March owing to asset quality deterioration. The market reacted sharply and the share price of bank tanked by 5% to close at Rs 63.70 which also happened to be it...
Provisioning for bad debt pushes IOB net down 88%
Apr 29, 2013 at 23:22 | Source: The Hindu BusinessLine
Chennai, April 29: The net profit of Indian Overseas Bank plummeted by 88 per cent to Rs 59 crore for the quarter ended March 31, 2013, against Rs 529 crore in the corresponding quarter last year. The decline was an outcome of provisioning for bad a...
IOB shares hit a low on weak Q4 numbers
Apr 29, 2013 at 19:26 | Source: The Hindu BusinessLine
Coimbatore, April 29: Shares of the Chennai-based Indian Overseas Bank (IOB) crashed to a 52-week low today after the bank saw its net profit in Q4 of 2012-13 taking a dive due to provisioning for bad debts and restructured accounts. Much of the fal...
Nifty ends above 5900; ITC hits life high, IT stocks up
Apr 29, 2013 at 16:52 | Source: DomainB
Key equity benchmarks closed in green after consolidating for most part of the day. The action was by and large limited around the stocks that had declared their results. Positive regional shares helped the Nifty to close above 5900 mark once again....
Saradha defaults on Rs 186-cr loan for dummy auto plant
Apr 26, 2013 at 14:37 | Source: The Hindu BusinessLine
Kolkata, April 25: The scam-tainted Saradha Group has defaulted Rs 186 crore to a consortium of seven public sector banks led by Indian Bank, for its dummy two-wheeler manufacturing facility in West Bengal. Taken over from the city-based Xenitis gro...
Lenders seize Saradha Group's two-wheeler unit to recover dues
Apr 23, 2013 at 16:27 | Source: Economic Times
KOLKATA: Public sector banks have taken possession of the manufacturing unit owned by the Kolkata-based Saradha group after it failed to repay dues following a run by depositors and a dramatic escape by its chairman and managing director Sudipta Sen...
Crack the exam, select your posting
Apr 22, 2013 at 22:02 | Source: The Hindu BusinessLine
Coimbatore, April 22: If clearing a bank exam is good enough, imagine being offered a chance to indicate your order of preference — of both the bank and the State/Union Territory you would like to work in. The Institute of Banking Personnel Se...
IOB issues notice to take over Deccan Chronicle Holdings’ properties
Apr 19, 2013 at 23:46 | Source: The Hindu BusinessLine
Chennai, April 19: Indian Overseas Bank has initiated steps to possess two properties belonging to the family of Venkattram Reddy, Chairman, Deccan Chronicle Holdings Ltd (DCHL). The bank has served a repossession notice in connection with a piece o...
IOB issues notice to take over Deccan Chronicle Holdings? properties
Apr 19, 2013 at 23:46 | Source: The Hindu BusinessLine
Chennai, April 19: Indian Overseas Bank has initiated steps to possess two properties belonging to the family of Venkattram Reddy, Chairman, Deccan Chronicle Holdings Ltd (DCHL). The bank has served a repossession notice in connection with a piece o...
Will go full throttle to recover dues from Kingfisher airline: Pratip Chaudhuri, SBI Chief
Apr 16, 2013 at 21:55 | Source: Economic Times
MUMBAI: Banks will continue to sell pledged shares of Kingfisher airline and invoke all other securities till they get back the dues, SBI Chairman Pratip Chaudhuri said today. State Bank of India is the leader of consortium of lenders to grounded air...
Private banks don’t help financial inclusion
Apr 16, 2013 at 04:37 | Source: The Hindu BusinessLine
April 15, 2013: In the context of the decision to permit entry of corporate houses into private banking, a view has been expressed that the move would favour financial inclusion. A respected former deputy governor of the Reserve Bank of India, the C...
SBI sends Kingfisher legal notice to recover its loans
Apr 10, 2013 at 10:02 | Source: Financial Express
Banks unsure of recovery despite selling USL shares State Bank of India (SBI) has sent the beleaguered Kingfisher Airlines (KFA) a legal notice relating to the recovery of loans, bankers said on Tuesday. KFA can either suggest an out-of-court settle...
India spends Rs 100 cr on Lanka housing project
Apr 07, 2013 at 13:25 | Source: FirstPost
India has processed more than 15,500 transactions and disbursed Rs 100 crore in the last six months to beneficiaries in Sri Lanka under the second phase of a housing project there with the help of five Indian banks.New Delhi, which launched the direc...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
