Indian Overseas Bank plans rate hike, net to pick up in Q4

Indian Overseas Bank (IOB) did not spring any positive surprise in the second quarter (July-September) results. Its asset quality remains a concern among market players. However, the new chairman and managing director of the bank seems to be leaving no stone unturned to improve IOB’s performance in the next two quarter.

November 02, 2011 / 15:50 IST

Moneycontrol Bureau

Like most of its public sector peers, Indian Overseas Bank (IOB) did not spring any positive surprise in the second quarter (July-September) results. Its asset quality remains a concern among market players. However, the new chairman and managing director of the bank seems to be leaving no stone unturned to improve IOB

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