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  • Expect promoters of restructured accounts will maintain their accounts: IOB

    Expect promoters of restructured accounts will maintain their accounts: IOB

    Indian Overseas Bank (IOB) had several quarters of very high non-performing loans (NPLs) and rising NPLs but the important part about the Q3 results was that asset quality improved and we saw a fall in the gross and the net non-performing assets (NPA). In an interview with CNBC-TV18, R Subramaniakumar, MD and CEO of IOB spoke about the results and his outlook for the company.

  • Aim to reduce gross NPA to 15% by September 2016: IOB

    Aim to reduce gross NPA to 15% by September 2016: IOB

    The bank's slippages in the June quarters stood at Rs 5,330 crore and the restructured book at Rs 14,000 crore, says Atul Agarwal, ED, IOB.

  • Asset quality remains a niggling worry for Indian banks

    Asset quality remains a niggling worry for Indian banks

    Maintaining its cautious view, global rating agency Moody's recently said that it remains negative on Indian banks on the back of high leverage in the corporate sector.

  • IOB focused on bringing NPAs down

    IOB focused on bringing NPAs down

    In an interview with CNBC-TV18‘s Latha Venkatesh, the bank‘s chairman M Narendra spoke about its financials, strategy going forward and how the bank is focused on bringing down its non-performing assets.

  • Asset quality and NIMs have improved this quarter: IOB

    Asset quality and NIMs have improved this quarter: IOB

    The bank‘s net interest margin (NIM) on the domestic front has improved from 2.30 percent to more than 2.48 percent.

  • IOB expects lower NPA going forward: Chairman

    IOB expects lower NPA going forward: Chairman

    Indian Overseas Bank, whose net profit in January-March tumbled 89 percent on year on sharp spike in provision expects the non-performing assets to come down going forward on restructuring of loans.

  • Expect banks NIM to remain stable in Q4: Kotak Securities

    Expect banks NIM to remain stable in Q4: Kotak Securities

    Kotak Securities has come with its March`13 quarterly earning estimates for banking & NBFCS sector. The research firm expects fresh slippages to remain stable QoQ with positive bias for banks under their coverage.

  • Aim to bring down slippages in Q4: IOB

    Aim to bring down slippages in Q4: IOB

    Answering a query on slippages, M Narendra, chairman, IOB told CNBC-Tv18 that going forward our slippage will be moderated. “Overall, we will ensure that the slippage will be brought down to the minimum in this immediate quarter and next quarter,” he asserted.

  • PSU banks asset quality to remain under pressure in Q2

    PSU banks asset quality to remain under pressure in Q2

    Dolat Capital has come with its September`12 quarterly earning estimates for financial sector. According to the research firm banks‘ asset quality would remain under stress particularly for state-owned banks.

  • Banking sector results preview for Q2FY13: Angel Broking

    Banking sector results preview for Q2FY13: Angel Broking

    Angel Broking has come with its September`12 quarterly earning estimates for banking sector. According to the research firm banking stocks remained under stress on increased asset quality concerns.

  • Banks to post 27% YoY growth in PAT for Q1FY13: Dolat

    Banks to post 27% YoY growth in PAT for Q1FY13: Dolat

    Dolat Capital has come with its June quarterly earning estimates for banking sector. According to the research firm, banks are likely to post 27% YoY growth in PAT for Q1FY13.

  • Banks margins to come under pressure in 1HFY2013: Angel

    Banks margins to come under pressure in 1HFY2013: Angel

    Angel Broking has come out with its June quarterly earning estimates for banking sector. The research firm expects margins to come under pressure in 1HFY2013.

  • Banking sector results preview for Q4FY12: Angel Broking

    Banking sector results preview for Q4FY12: Angel Broking

    Angel Broking has come with its March quarterly earning estimates for banking sector.

  • Banking sector results preview for Q3FY12: Angel Broking

    Banking sector results preview for Q3FY12: Angel Broking

    Angel Broking has come with its quarterly earning estimates for banking sector.

  • Mid-cap firms on track for better Q4

    Mid-cap firms on track for better Q4

    Indian mid-cap firms are on course to post higher profits in the last quarter of FY11, despite an increase in prices of raw materials such as crude oil and steel, as volume growth and robust demand keep revenue momentum buoyant.

  • Indian Overseas Bank Dec qtr PAT seen up at Rs 183cr: Angel

    Indian Overseas Bank Dec qtr PAT seen up at Rs 183cr: Angel

    Angel Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, Indian Overseas Bank December quarter operating income are expected to go up by 17.5% to Rs 1237 crore, Year-on-Year, (Y-o-Y) basis.

  • IOB Dec qtr PAT seen up 95.6% at Rs 198.9cr: Karvy

    IOB Dec qtr PAT seen up 95.6% at Rs 198.9cr: Karvy

    Karvy Stock Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, Indian Overseas Bank (IOB) December quarter net interest income (NII) are expected to go up by 23.9 % to Rs 984.6 crore, Year-on-Year, (Y-o-Y) basis.

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