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  • IOB share price locked in 20% upper circuit as RBI takes it out of PCA framework Sep 30, 2021 09:45 AM IST

    IOB share price locked in 20% upper circuit as RBI takes it out of PCA framework

    The share price gained over 160 percent in the last one-year.

  • IOB Standalone June 2021 Net Interest Income (NII) at Rs 1,496.56 crore, up  5.96% Y-o-Y Aug 03, 2021 07:22 PM IST

    IOB Standalone June 2021 Net Interest Income (NII) at Rs 1,496.56 crore, up 5.96% Y-o-Y

  • Indian Overseas Bank profit doubles to Rs 327 crore in Q1 Aug 02, 2021 10:44 PM IST

    Indian Overseas Bank profit doubles to Rs 327 crore in Q1

    The Chennai-headquartered lender said it reduced non-performing assets (NAPs) worth Rs 1,616 crore during the quarter, as against Rs 1,969 crore in June 2020 quarter.

  • Exclusive | Privatisation of general insurer, 2 banks unlikely to be completed this fiscal Jul 19, 2021 07:50 PM IST

    Exclusive | Privatisation of general insurer, 2 banks unlikely to be completed this fiscal

    The Centre is confident of meeting the ambitious divestment target of Rs 1.75 lakh crore through share sales in Air India and other companies, including the Life Insurance Corporation IPO, which is expected to be India’s largest.

  • Central Bank of India, IOB shares hit 52-week high on privatisation buzz Jun 30, 2021 12:40 PM IST

    Central Bank of India, IOB shares hit 52-week high on privatisation buzz

    Indian Overseas Bank and Central Bank of India are likely candidates for disinvestment, according to sources.

  • IOB, Central Bank of India hit 52-week high on divestment buzz Jun 22, 2021 10:18 AM IST

    IOB, Central Bank of India hit 52-week high on divestment buzz

    Central Bank of India touched a 52-week high of Rs 28.30 and Indian Overseas Bank touched a 52-week high of Rs 27.95.

  • Central Bank of India, IOB hit 20% upper circuit after govt shortlists banks for divestment Jun 21, 2021 02:27 PM IST

    Central Bank of India, IOB hit 20% upper circuit after govt shortlists banks for divestment

    The two lenders might see 51 percent sale in the first phase of disinvestment. The government will amend the Banking Regulations Act, and some other banking laws for divestment, CNBC Awaaz reported.

  • IOB Standalone March 2021 Net Interest Income (NII) at Rs 1,403.20 crore, down  8.39% Y-o-Y Jun 17, 2021 09:00 AM IST

    IOB Standalone March 2021 Net Interest Income (NII) at Rs 1,403.20 crore, down 8.39% Y-o-Y

  • After UCO Bank, IOB requests RBI to remove prompt corrective action tag Jun 14, 2021 05:22 PM IST

    After UCO Bank, IOB requests RBI to remove prompt corrective action tag

    IOB MD & CEO Partha Pratim Sengupta said that the bank is yet to hear from the Government on the question of privatisation.

  • Privatisation plans for Central Bank of India, Indian Overseas Bank likely to face hurdles: Analysts Jun 09, 2021 11:33 AM IST

    Privatisation plans for Central Bank of India, Indian Overseas Bank likely to face hurdles: Analysts

    The whole deal may not be as easy as it sounds, say analysts. Potential buyers for lenders like Central Bank and Indian Overseas Bank, the likely targets for privatisation, could be worried about the PCA tag, weak financials, say experts.

  • Centre may sell stake in Central Bank of India, Indian Overseas Bank in privatisation move Jun 07, 2021 02:01 PM IST

    Centre may sell stake in Central Bank of India, Indian Overseas Bank in privatisation move

    Banks privatisation: Central Bank of India and Indian Overseas Bank have been recommended for divestment by the NITI Aayog, but another potential sell includes the Bank of India.

  • PSU banks continue to rally: Bank of Maharashtra, BOI, IOB, Central Bank end at upper circuit on privatisation buzz Feb 18, 2021 10:49 AM IST

    PSU banks continue to rally: Bank of Maharashtra, BOI, IOB, Central Bank end at upper circuit on privatisation buzz

    Central Bank of India and Indian Overseas Bank locked at 20 percent upper circuit, while Bank Of India, Bank of Maharashtra locked at 10 percent upper circuit.

  • PSU Banks in focus; Bank of Maharashtra, BOI, IOB, Central Bank of India shares rise up to 20% on privatisation buzz Feb 17, 2021 10:02 AM IST

    PSU Banks in focus; Bank of Maharashtra, BOI, IOB, Central Bank of India shares rise up to 20% on privatisation buzz

    Bank Of India, Bank of Maharashtra and Indian Overseas Bank touched a 52-week high of Rs 83.90, Rs 22.85 and Rs 15.70 respectively.

  • Bank of Maharashtra, BOI, IOB and Central Bank of India shares gain over 10% each on potential privatisation Feb 16, 2021 09:46 AM IST

    Bank of Maharashtra, BOI, IOB and Central Bank of India shares gain over 10% each on potential privatisation

    Two of those banks will be selected for sale in the 2021/2022 financial year which begins in April, the officials said.

  • IOB Standalone December 2020 Net Interest Income (NII) at Rs 1,521.68 crore, up  19% Y-o-Y Feb 09, 2021 10:44 PM IST

    IOB Standalone December 2020 Net Interest Income (NII) at Rs 1,521.68 crore, up 19% Y-o-Y

  • Indian Overseas Bank posts net profit of Rs 213 crore in December quarter Feb 09, 2021 07:27 PM IST

    Indian Overseas Bank posts net profit of Rs 213 crore in December quarter

    The bank had posted a staggering net loss of Rs 6,075.49 crore in the year-ago quarter.

  • IOB loan fraud : ED says accused who defrauded Indian Overseas Bank paid managers' flight, hotel bills Dec 22, 2020 08:26 PM IST

    IOB loan fraud : ED says accused who defrauded Indian Overseas Bank paid managers' flight, hotel bills

    The ED case is related to its criminal money laundering investigation "in a case related to buyers credit fraud of Rs 299.14 crore at the IOB, Chandigarh".

  • IOB expects resolution of NPAs worth Rs 18,000 crore in second half of FY21 Nov 22, 2020 11:57 AM IST

    IOB expects resolution of NPAs worth Rs 18,000 crore in second half of FY21

    New Delhi, Nov 22 State-owned Indian Overseas Bank (IOB) expects resolution of about Rs 18,000 crore of non-performing assets (NPAs) under the inso..

  • Indian Overseas Bank reports net profit of Rs 148 crore in Q2 as bad assets decline Nov 06, 2020 05:29 PM IST

    Indian Overseas Bank reports net profit of Rs 148 crore in Q2 as bad assets decline

    IOB said it has made required provisioning in advances in specific accounts so as to improve net NPAs.

  • Govt extends tenure of 3 executive directors of Canara Bank, IOB Oct 12, 2020 05:23 PM IST

    Govt extends tenure of 3 executive directors of Canara Bank, IOB

    The extension has been given as per the notification of the Department of Financial Services, the Finance Ministry dated October 10, Canara Bank said.

  • Bank of Maharashtra, Indian Overseas Bank slash MCLR by up to 10 bps Sep 08, 2020 08:15 AM IST

    Bank of Maharashtra, Indian Overseas Bank slash MCLR by up to 10 bps

    Its peer Indian Overseas Bank (IOB) also said it will cut its MCLR by 10 basis points (bps) across all tenors effective September 10.

  • IOB Standalone June 2020 Net Interest Income (NII) at Rs 1,412.32 crore, up  9.61% Y-o-Y Aug 21, 2020 09:01 AM IST

    IOB Standalone June 2020 Net Interest Income (NII) at Rs 1,412.32 crore, up 9.61% Y-o-Y

  • India plans to reduce number of state-owned banks to just 5 Jul 20, 2020 06:41 PM IST

    India plans to reduce number of state-owned banks to just 5

    The first part of the plan would be to sell majority stakes in Bank of India, Central Bank of India, Indian Overseas Bank, UCO Bank, Bank of Maharashtra and Punjab & Sind Bank, leading to an effective privatisation of these state-owned lenders, a government official said.

  • IOB recovers completely from March lows after Q4 earnings Jun 26, 2020 12:40 PM IST

    IOB recovers completely from March lows after Q4 earnings

    Indian Overseas Bank (IOB) has restructured 19,043 MSME accounts and treated MSME accounts of Rs 694.2 crore as standard till March 31, 2020.

  • IOB Standalone March 2020 Net Interest Income (NII) at Rs 1,531.77 crore, up  3.57% Y-o-Y Jun 26, 2020 09:52 AM IST

    IOB Standalone March 2020 Net Interest Income (NII) at Rs 1,531.77 crore, up 3.57% Y-o-Y

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