Capital infusion may help reduce rates by 25-50 bps: IOB

M Narendra, CMD, Indian Overseas Bank expect a credit growth of 14% for FY14 and see reduction in rates by 25-50 basis points in case addtional capital is given to them.

Will lend more to TN power board post restructure: IOB

Indian Overseas Bank chairman M Narendra says, in an interview on CNBC-TV18, that the bank will lend more to the TNEB after the process of restructuring.

Focus on recoveries, may look to LIC for capital: IOB's CMD

Rising pile of non-performing assets coupled with low base of equity capital has cramped growth for state-owned Indian Overseas Bank. Not surprisingly, investors have been could-shouldering the stock for a while now. Over the last year, IOB shares shrank nearly 23% as against a rise of about 18% in the Bankex.

Exposure to Tamil Nadu SEB was not restructured: IOB

In an interview to CNBC-TV18, M Narendra, chairman of Indian Overseas Bank says, Tamil Nadu SEB account has been performing well. “They are servicing their account very well. There is no irregulatory whatsoever in the account,” he adds. He further says, exposure to Tamil Nadu SEB was not restructured.

IOB's M Narendra hopes to improve NIMs to 3% in FY13

The Finance Ministry has given written assurance to Indian Overseas Bank (IOB) that its request for fresh capital infusion will be granted.

See 20-22% credit growth by year-end: Indian Overseas Bank

In an interview to CNBC-TV18, M Narendra, chairman of Indian Overseas Bank says, the credit growth will be around 20-22% by the year-end. “After September, the growth rate in credit has been slightly lower because of the economic factors. The industry growth is 18%. We may be around 2% higher than that,” he adds.

Banks expect NPLs to rise in power, real estate: Experts

RK Bakshi, executive director, of Bank of Baroda and N Narendra, chairman of Indian Overseas Bank, in an interview with CNBC-TV18's Latha Venkatesh and Gautam Broker, spoke about the challenges the banking sector will have to face ahead.

IOB hints 50bps base rate hike, sees 3% margin in H1 FY12

Chairman of Indian Overseas Bank M Narendra hints towards a 50 bps rise in the base rate. He also says, “On a conservative basis, we are aiming to maintain 3% plus margins in the first half of FY12.” Narendra further says that the bank expects a credit growth rate of a minimum of 25%.

Projecting 9% growth rate next year: IOB

M Narendra, Chairman of Indian Overseas Bank, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, spoke about the recent happenings in his company and the road ahead.