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Indian Overseas Bank

Indian Overseas Bank opens retail loan processing centres across cities

Indian Overseas Bank opens retail loan processing centres across cities

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.

Indian Overseas Bank aims to open 88 new branches in FY2024-25: MD & CEO

Indian Overseas Bank aims to open 88 new branches in FY2024-25: MD & CEO

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.

Indian Overseas Bank Q4 results: Profit rises 24% to Rs 808 crore

Indian Overseas Bank Q4 results: Profit rises 24% to Rs 808 crore

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.

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State-run banks jump after government announces fund infusion

State-run banks jump after government announces fund infusion

Thu, Feb 21, 2019

Corporation Bank Ltd will receive 90.86 billion rupees, sending its shares nearly 20 percent higher in its biggest daily percentage gain since October 2017 .

SBI, HDFC, ICICI, Axis, PNB, BoB, other bank customers, follow these mobile banking safety tips

SBI, HDFC, ICICI, Axis, PNB, BoB, other bank customers, follow these mobile banking safety tips

Mon, Oct 29, 2018

Mobile, Internet banking safety tips: Mobile and internet banking frauds are often reported in media. In fact, a report said a few days ago that the account and credit card details of thousands of customers of seven banks may be at risk.

Indian Overseas Bank trims Q2 loss at Rs 487cr on lower provisions

Indian Overseas Bank trims Q2 loss at Rs 487cr on lower provisions

Fri, Oct 26, 2018

State-owned Indian Overseas Bank (IOB) Friday reported narrowing of its net loss to Rs 487.26 crore in the second quarter ended September 2018 on lower provisioning.

SBI, ICICI, Yes, BoB, IOB, Citi bank customers' account, credit card details may be at risk!

SBI, ICICI, Yes, BoB, IOB, Citi bank customers' account, credit card details may be at risk!

Wed, Oct 24, 2018

Account and credit card details of thousands of customers of seven banks may be at risk, if a report by an IT security firm is to be believed.

This man managed to withdraw Rs 18 lakh from Indian Overseas Bank ATM! Here's what happened next

This man managed to withdraw Rs 18 lakh from Indian Overseas Bank ATM! Here's what happened next

Sat, Sep 22, 2018

How much money you can withdraw from an ATM? All banks have limits on the maximum amount one can withdraw from their accounts.

PNB+Indian Bank+IOB and Canara+Syndicate+UCO mergers next? What BoB, Vijaya, Dena bank merger says

PNB+Indian Bank+IOB and Canara+Syndicate+UCO mergers next? What BoB, Vijaya, Dena bank merger says

Tue, Sep 18, 2018

Centre will merge these banks next? As per this BoB, Vijaya, Dena Bank merger ''formula'', the answer is in the affirmative. The likely targets? PNB, Indian Bank, IOB; Canara, Syndicate, UCO

IOB recruitment 2018: Application invited for 20 specialist bank officers

IOB recruitment 2018: Application invited for 20 specialist bank officers

Tue, Jul 24, 2018

IOB recruitment 2018: Indian Overseas Bank (IOB) has issued recruitment notifications for the post of Specialist Officers

Fixed Deposits, MSME borrowing becomes easier in Indian Overseas Bank; here's how

Fixed Deposits, MSME borrowing becomes easier in Indian Overseas Bank; here's how

Sat, Apr 07, 2018

This comes as a good news for customers, because when they invest their hard-earned money in FDs, which is the most traditional form of investment, they will earn a better interest rate in IOB.

Indian Overseas Bank shares surge 3% on capital infusion of over Rs 4,500 crore by govt

Indian Overseas Bank shares surge 3% on capital infusion of over Rs 4,500 crore by govt

Wed, Mar 28, 2018

IOB is one of the distressed banks with heavy gross non-performing assets (GNPA) in its balance sheet, which is why the bank suffers with massive losses currently.

RBI fines Axis for under-reporting NPAs, IOB for KYC lapse

RBI fines Axis for under-reporting NPAs, IOB for KYC lapse

Tue, Mar 06, 2018

The Rs 12,636 crore fraud at Punjab National Bank (PNB) is forcing Reserve Bank of India (RBI) to swing into action.

RBI cracks down against Axis Bank, Indian Overseas Bank, imposes hefty monetary penalty

RBI cracks down against Axis Bank, Indian Overseas Bank, imposes hefty monetary penalty

Mon, Mar 05, 2018

RBI has imposed a Rs 3 crore penalty on Axis Bank, while on Indian Overseas Bank faces Rs 2 crore fine.

RBI puts Bank of India under watch; initiates 'corrective action'

RBI puts Bank of India under watch; initiates 'corrective action'

Wed, Dec 20, 2017

In a filing to stock exchanges, BoI said Reserve Bank of India has placed it under Prompt Corrective Action Framework, consequent to the onsite inspection under the risk based supervision model carried out for the year ended March 2017.

Indian Overseas Bank goes live with Bharat Bill Payment system

Indian Overseas Bank goes live with Bharat Bill Payment system

Sat, Jul 29, 2017

BBPS is an integrated bill payment system that offers inter-operable online bill payments to customers.

IDBI to establish exclusive vertical for NPA recovery

IDBI to establish exclusive vertical for NPA recovery

Tue, Jun 13, 2017

Apart from creating this NPA recovery vertical, the bank management has formed a 'Credit Monitoring Group' to find out potential NPAs based on early warning signals, said Deputy Managing Director of IDBI Bank, G M Yadwadkar.

Prompt Corrective Action doesn't constraint bank's normal operations: RBI

Prompt Corrective Action doesn't constraint bank's normal operations: RBI

Tue, Jun 06, 2017

The RBI today said its prompt corrective action (PCA), initiated in case of some public sector banks with high NPAs, is a supervision tool and does not constrain normal banking operations for the public.

RBI initiates 'Prompt Corrective Action' against UCO Bank on high bad loans, negative return on assets

RBI initiates 'Prompt Corrective Action' against UCO Bank on high bad loans, negative return on assets

Sun, May 14, 2017

The Reserve Bank of India (RBI) has initiated a 'Prompt Corrective Action' against UCO Bank on account of the bank's increasing bad loans and negative return on assets.

Russian Rosneft's $12.9 billion Essar Oil deal held up over debt issues

Russian Rosneft's $12.9 billion Essar Oil deal held up over debt issues

Thu, May 11, 2017

Sources said some lenders might be seeking to gain concessions on other debt with Essar units before giving their approval.

PSU Banks Rejig: Govt appoints heads of 7 banks; shifts MDs of Punjab National Bank, Bank of India

PSU Banks Rejig: Govt appoints heads of 7 banks; shifts MDs of Punjab National Bank, Bank of India

Sat, May 06, 2017

In a major restructuring of PSU banks, the government on Saturday has appointed heads of seven public sector unit (PSU) banks and carried out rejigs at Punjab National Bank (PNB) and Bank of India (BOI).

Tamil Nadu man deposits Rs 246 crore in old currency, to pay 45% tax under PMGKY

Tamil Nadu man deposits Rs 246 crore in old currency, to pay 45% tax under PMGKY

Mon, Mar 27, 2017

Under the PMGKY scheme, out of the total amount deposited 50% of the amount is taxed and 25% of the amount is kept with the government or Reserve Bank of India as non-interest bond for four year.

NCDRC asks bank to pay Rs 50,000 for delay in processing cheque

NCDRC asks bank to pay Rs 50,000 for delay in processing cheque

Sun, Jan 15, 2017

Indian Overseas Bank has been asked to pay Rs 50,000 by the apex consumer commission to a man for delaying the crediting of a cheque amount of Rs 24,652.82 into his account.

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