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Indian Overseas Bank News
Indian Overseas Bank
Indian Overseas Bank closes Q1 with Rs 327 crore net profit
Tue, Aug 03, 2021
For the first quarter of the current fiscal, the IOB had posted a net profit of about Rs 327 crore as against about Rs 121 crore logged during the corresponding quarter the previous year, he told reporters
Stocks to watch: IOB, Central Bank - Buy or wait? Check MONEY MAKING investment strategy from share bazaar expert
Tue, Jun 22, 2021
Indian Overseas Bank Share Price - Indian Overseas Bank shares (IOB shares) today hit their 52-week high on the intraday basis and were trading at Rs 25.70 on the NSE, up by almost 9 per cent at 11:05 am. The IOB shares hit 20 per cent circuit on Monday. The rally has been on the back of the privatisation news doing the rounds, Technical Analyst Nilesh Jain
Markets Today: CLOSING BELL! IOB, Central Bank biggest gainers among PSU Banks on PRIVATISATION NEWS; Sensex jumps 228.46 points to end at lifetime high of 52,328.51
Mon, Jun 07, 2021
Indian stock markets today ended the day in the green. While the BSE Sensex closed at lifetime high of 52,328.51, up by over 228 points or almost 0.4 per cent, the broader market NSE Nifty 50 was trading 15,751.65 at the closing time on Monday, up by over 81 points or almost 0.5 per cent
PSU Banks Privatisation News: Central Bank, Indian Overseas Bank (IOB) among top contenders in NITI Aayog list; Get FULL details here
Mon, Jun 07, 2021
In its bid to privatise two state-run banks as unveiled by Finance Minister Nirmala Sitharaman in her Union Budget speech 2021, the Narendra Modi government may soon finalise plans to sell Centre's stake in Central Bank of India and Indian Overseas Bank (IOB). This is part of Government’s mega privatisation initiative which also include sale of other state-run companies like BPCL
Maharashtra Bank, Indian Overseas Bank, Andhra Petro to Adani Ports - here are top Buzzing Stocks today
Tue, Apr 13, 2021
Domestic equity markets were trading in green in Tuesday’s noon deals. At 1:08 pm, the S&P BSE Sensex was trading 103.58 points or 0.22% up at 47,986.96, while the Nifty 50 index was trading 26.25 points or 0.18% higher at 14,337.05.
Recapitalisation news brings cheer! Central Bank of India, Indian Overseas Bank, Bank of India and UCO Bank shares surge in today's trade
Thu, Apr 01, 2021
As government has decided to carry out a capital infusion drive in four public sector banks of as much as Rs 14,500 crore, Nifty PSU Bank Index zoomed by over 2.5 per cent to become second highest performer during today's session.
Breaking news with Anil Singhvi: These three top banks likely to come out of PCA
Wed, Mar 17, 2021
In an exclusive report by Zee Business Executive Editor Swati Khandelwal, the Reserve Bank of India (RBI) will soon take a call on taking out three public sector banks from the PCA (Prompt and Corrective Action).
Lockdown in India: SBI, Indian Overseas Bank, Bank of Maharashtra cut lending rates
Fri, May 08, 2020
Lockdown in India: In the wake of COVID-19 lockdown in India hitting people's monthly budget to a larger extent, State Bank of India (SBI), Indian Overseas Bank (IOB) and Bank of Maharashtra have cut down their lending rates.
Indian Overseas Bank launches new loan scheme - Check eligibility, know how to apply
Mon, Apr 27, 2020
To help people tide over the challenges inflicted by COVID-19 lockdown, Indian Overseas Bank has launched a special scheme.
PM-Cares Fund: Modi government nominates this bank for collecting donations
Sun, Apr 05, 2020
The contributions can be made by RTGS, NEFT, IMPS, cheques and demand drafts drawn in favour of PM-Cares Fund.
Indian Overseas Bank to seek PCA withdrawal after posting net profit: CEO
Tue, Feb 18, 2020
"We may fall short slightly on CRAR including the counter cyclical buffer. After we hopefully make profits in this quarter capital adequacy ratio will be comfortable. We don`t need growth capital also since our plans are not very aggressive immediately. If at all we need, we will go for Tier 1 or Tier 2 capital from market", the CEO said.
Capital infusion: Big Rs 8,655 crore shot in arm for these three banks - All you need to know
Sat, Dec 28, 2019
Three PSU Banks -- Allahabad Bank, Indian Overseas Bank and UCO Bank - have got Rs 8,655 crore fresh capital infusion from the government.
Indian Overseas Bank Q2 results: IOB's Gross NPAs reduce by 2.53 pct, 15.43% YoY credit growth in housing loan
Mon, Nov 04, 2019
The Indian Overseas Bank has reported a 2.53% reduction in its Gross NPAs and 15.43 per cent YoY credit growth in housing loans in the September quarter of 2019.
IOB Loans: Indian Overseas Bank links retail loans with RLLR; Mudra loan, Housing loan, MSME loan becomes cheaper
Tue, Oct 01, 2019
IOB Loans: Chennai based Public Sector Bank Indian Overseas Bank (IOB), has linked Repo Linked Lending Rate (RLLR) to its loans to be sanctioned under the Retail segment.
Indian Overseas Bank to offer repo linked rate for new loans
Tue, Sep 17, 2019
Chennai-based public sector bank Indian Overseas Bank has decided to offer Repo Linked Lending Rate (RLLR) for the new loans sanctioned under retail segment (housing, Vehicle, Education and Clean loans) and micro & small enterprises.
Indian Overseas Bank Loans: Rs 5 cr amount in your account in less than 1 hour
Wed, Aug 14, 2019
Indian Overseas Bank (IOB) has offered various retail loan products on www.psbloansin59minutes.com, an online portal for sanction of MSME loans. The 59-minute loan scheme was launched last year for the benefit of MSME.
Modi 2.0 government hikes Indian Overseas Bank authorised capital by Rs 5,000 crore
Tue, Jul 30, 2019
The Central Government, after consultation with Reserve Bank of India, has increased the authorised capital of the Bank by Rs 5,000 crore from Rs 10,000 crore to Rs 15,000 crore through Gazette Notification.
Opening Bell: Sensex, Nifty trade tepid; MosChip Technologies, Ramco Systems, Indian Overseas Bank stocks gain
Wed, Jul 03, 2019
The BSE Sensex went down 66 points to 39,750 while the 50-stock Nifty slipped 17 points to 11,892 levels. The index Bank Nifty went down 6 points to 31,276 levels.
Senior citizen? Get cheque book, do cash transactions, open bank account sitting at home - SBI, to IOB, check details
Tue, May 28, 2019
Now a new trend has emerged between banks, and it is good news for senior citizens at home. Some of the banks have started the doorstep banking services for its customers like cash pickup, instrument pickup and delivery of cash and demand drafts.
Indian Overseas Bank eyes to raise Rs 850 cr in FY19-20
Mon, May 06, 2019
"The Bank has already initiated the process for sales of 26 properties, valued at about Rs 775 crore, and is engaging various stakeholders for expediting sale and to derive maximum value in the process," it said.