Mon, Oct 14, 2024
A Retail Loan Processing Centre was inaugurated in physical mode in Chennai while seven others were launched in virtual mode across cities, the bank's Managing Director and CEO Ajay Kumar Srivastava said.
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Fri, May 24, 2024
Indian Overseas Bank news: The city-headquartered bank under its expansion drive recently inaugurated a new branch in Nagapattinam and the 126th ATM in neighbouring Puducherry.
Thu, May 09, 2024
The total income increased to Rs 9,106 crore during the quarter under review as against Rs 6,622 crore in the same period last year, IOB said in a regulatory filing. Interest income grew to Rs 6,629 crore during the period under review from Rs 5,192 crore in the corresponding quarter a year ago.
Mon, May 06, 2024
The first portfolio includes 46 accounts financed through consortium arrangements, 3 accounts under Multiple Banking arrangements, and the other two accounts as lone banking ventures.
Thu, Apr 18, 2024
Indian Overseas Bank has launched an online facility which will allow devotees to make online donations to Shree Kashi Vishwanath Mandir Trust in Varanasi.
Sat, Feb 10, 2024
The Chennai-headquartered bank marking the occasion unveiled RuPay Credit Card variants, IOB Freedom Savings and Current Account Variant and Digital Documents Execution for online locker agreements.
Wed, Feb 07, 2024
On February 2, the bank became the fifth PSU bank to cross the Rs 1 lakh crore market value. Five days later, at market close on Wednesday, the company's market value stood at Rs 1,50,708.93 crore, which means a Rs 10,000 crore average increase per day. If we see its performance from a larger perspective, the stock has given 204.89 per cent or over three fold returns in the last 1 year.
The Indian Overseas Bank stock's maximum rise on Wednesday (February 7, 2024) is 17.58 per cent from its lowest price of Rs 67.95, while its maximum rise this month is 60.93 per cent from February 1's lowest price of Rs 49.65.
Mon, Feb 05, 2024
IOB reported a 30 per cent increase in its net profit to Rs 723 crore for the December quarter of 2023–24, compared to Rs 555 crore logged in the same quarter a year ago.
Mon, Jan 29, 2024
Benefiting from 24% credit growth on annual basis... Target to maintain NIM at 3.12-3.15% going forward: Ajay Kumar Srivastava, MD & CEO, Indian Overseas Bank
Fri, Oct 27, 2023
State-run Indian Overseas Bank (IOB) reported a strong set of financial results for the July-September period on October 27.
Fri, Feb 17, 2023
IOB: Profit up 22.3% to ₹555.2 crore. What were the reasons for the decline in NPAs? What are the plans regarding capacity expansion? Watch Swati Khandelwal's exclusive conversation with Jay Kumar Srivastava, MD & CEO, Indian Overseas Bank .
Thu, Feb 16, 2023
The latest hikes in the interest rates come days after the Reserve Bank of India (RBI) on February 8 increased the borrowing costs by 25 basis points (bps).
Thu, Feb 09, 2023
Standalone net profit of Rs 172.43 crore in the third quarter of the current fiscal compared with Rs 868.86 crore profit in the same period a year back, according to a stock exchange filing by the company
Wed, Nov 16, 2022
In a major development, the Central Bureau of Investigation (CBI) has booked Rotomac Global and its directors for Rs 750 crore alleged fraud in Indian Overseas Bank. The development was confirmed by news agency PTI.
Wed, Nov 09, 2022
Term deposits for tenure of 270 days to one year and one year to three years, the interest rates have been increased by 60 basis points, the bank said in a statement here.
Tue, Jun 21, 2022
National Asset Reconstruction Company Limited (NARCL) has started the process of buying Non-Performing Asset (NPA) from banks, Zee Business has learnt through sources. Last week, Indian Oveseas Bank (IOB) received a binding offer from NARCL, Tarun Sharma reported citing his sources.
Wed, May 18, 2022
Q4 Results 2022: Surfactants and Indian Overseas Bank (IOB) today announced their March quarter results. While the former reported a net profit of Rs 98 cr, the latter reported net profit of Rs 552 crore
Fri, May 13, 2022
There is an important news for the customers of Indian Overseas Bank, a public sector bank. The bank has revised its lending rate and now it has become 7.25 percent. That is, now customers will have to pay more EMI on the loan.
Wed, Feb 02, 2022
Companies including Apollo Tyres Limited, Indian Overseas Bank (IOB), Dhanuka Agritech Limited and Servotech Power Systems on Wednesday. Here are key highlights of the quartely results of these companies!
Wed, Nov 24, 2021
Indian Overseas Bank and Central Bank shares soared over 15 per cent in the intraday trade on BSE on Monday.
Wed, Oct 27, 2021
State-owned Indian Overseas Bank (IOB) on Wednesday posted a more than two-fold jump in net profit for the July-September quarter of this fiscal to Rs 376 crore compared to Rs 148 crore in the year-ago period.
Wed, Sep 29, 2021
The Reserve Bank of India (RBI) has removed the Indian Overseas Bank from the Prompt Corrective Action Framework (PCAF) after reviewing the bank’s financial status.
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