Iob

Govt may begin offloading minor stakes in five PSU banks via OFS in FY27; strategic sale deferred for now

The Centre may go for the Offer for Sale route to sell stakes in Bank of Maharashtra, IOB, UCO Bank, Central Bank of India, and Punjab and Sind Bank next fiscal.

Indian Overseas Bank shares hit 52-week low for second straight session on Rs 699-cr demand notice

IOB has taken the legal route to challenge the notice and expects the appellate authorities to overturn the order.

Govt reshuffles top executives at IOB, BoB

BoB's Joydeep Dutta Roy has been appointed as executive director of IOB.

IOB embraces digital medium to offer online allotment of locker facility

The safe deposit locker facility is accessible at the bank's online portal to customers who seek to avail of the service.

Indian Overseas Bank wants gold business to account for 26% of loans by FY 23-24: MD & CEO Srivastava

The bank’s current gold loan portfolio is Rs 39,000 crore, accounting for 21 percent of loans, says Ajay Kumar Srivastava.

Indian Overseas Bank launches electronic bank guarantee scheme

The e-BG is an instrument issued by the city-headquartered bank in which the bank undertakes to guarantee a specific amount against the non-fulfillment of some action/performance of the applicant.

IOB inks pact with SMC Global

As per the tie-up, savings bank and demat account of clients would be opened at the city-headquartered bank while trading account would be with the SMC Global.

Bank fraud: ED charge sheets ex IOB branch manager, others for money laundering

The ED investigation pertains to a case that stems from a CBI FIR where it was alleged that PBR Poultry Tech availed term loan for construction of shed, purchase of plant and machineries and working capital "in connivance” with B K Mohan Raju but "did not utilise the loan proceeds for the intended purpose.”

IOB Standalone December 2021 Net Interest Income (NII) at Rs 1,572.11 crore, up 3.31% Y-o-Y

IOB Standalone September 2021 Net Interest Income (NII) at Rs 1,632.94 crore, up 4.59% Y-o-Y

IOB Standalone September 2021 Net Interest Income (NII) at Rs 1,632.94 crore, up 4.59% Y-o-Y

Explained | Indian Overseas Bank comes out of RBI’s Prompt Corrective Action Framework. What is PCA all about?

Exiting the PCA Framework means that various curbs imposed on a weak bank are lifted, enabling it to resume normal business

RBI takes Indian Overseas Bank out of PCA framework

RBI has removed Indian Overseas Bank out of the Prompt Corrective Action framework.

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

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

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

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

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

IOB share price locked at 10% upper circuit on Q4 profit

There were pending buy orders of 794,200 shares, with no sellers available.

IOB Standalone December 2019 Net Interest Income (NII) at Rs 1,278.71 crore, down 7.59% Y-o-Y

Robbers flee with ATM carrying nearly Rs 3 lakh

The incident took place in the wee hours of Friday at the ATM kiosk of Indian Overseas Bank, police said.

IOB to e-auction 500 plus re-possessed properties worth more than Rs 800 cr

The properties are spread across seven zones comprising Chennai, Coimbatore, Mumbai, Kolkata, Delhi, Bengaluru and Hyderabad.

Indian Overseas Bank raises Rs 500 crore via Tier-2 bonds

IOB said that it received bids for Rs 855 crore but decided to accept bids for a Rs 500 crore base size.

RBI slaps fines on 11 banks for delay in reporting fraud

PNB and Oriental Bank of Commerce, in an exchange filing on August 3, said that the penalty was relating to the account of Kingfisher Airlines.