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Indian Overseas Bank

Indian Overseas Bank, CII Indian Green Building Council ink pact

Indian Overseas Bank, CII Indian Green Building Council ink pact

Sat, Mar 01, 2025

With green buildings being a key solution to combat environmental degradation and rising energy consumption, this collaboration would help create a positive change by encouraging widespread adoption of sustainable construction practices.

444-Day Special FDs: How much can you earn on Rs 2 lakh, Rs 4 lakh, and Rs 6 lakh investments with SBI, Indian Overseas Bank, and Federal Bank?

444-Day Special FDs: How much can you earn on Rs 2 lakh, Rs 4 lak...

Wed, Feb 19, 2025

444-Day Special FDs: Several leading banks, including State Bank of India (SBI), Indian Overseas Bank (IOB), and Federal Bank, have rolled out limited-period special FD schemes, offering bettern interest rates than standard FDs.

444-Day Special FDs: How much will you earn by investing Rs 5 lakh and Rs 7 lakh in SBI, Indian Overseas Bank, and Federal Bank's fixed deposit schemes?

444-Day Special FDs: How much will you earn by investing Rs 5 lak...

Tue, Feb 18, 2025

444-day Special FDs: Special fixed deposit (FD) schemes are similar to regular term deposits but are offered by banks for a specific period, often with higher interest rates.

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Indian Overseas Bank to sell Rs 11,500-crore NPAs to ARCs

Indian Overseas Bank to sell Rs 11,500-crore NPAs to ARCs

Thu, Jan 09, 2025

State-run Indian Overseas Bank on Thursday said it is selling non-performing assets of Rs 11,500 crore to asset reconstruction companies. The Chennai-headquartered lender said it is selling 46 loan accounts and invited expressions of interest from the ARCs, according to an official statement.

Indian Overseas Bank opens retail loan processing centres across cities

Indian Overseas Bank opens retail loan processing centres across...

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: M...

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.

Indian Overseas Bank to sell 92 NPAs worth Rs 13.5 crore, shares plunge

Indian Overseas Bank to sell 92 NPAs worth Rs 13.5 crore, shares...

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.

Indian Overseas Bank enables online donations to Kashi Vishwanath Temple: Check how to donate to Varanasi temple, and income tax benefits involved

Indian Overseas Bank enables online donations to Kashi Vishwanath...

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.

Indian Overseas Bank to open 88 new branches this year: MD & CEO

Indian Overseas Bank to open 88 new branches this year: MD &...

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.

3X rise in 1 year and 5th 52-week high in February; do you have this PSU bank stock in your portfolio?

3X rise in 1 year and 5th 52-week high in February; do you have t...

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.

Indian Overseas Bank hits a 52-week high for 5th time this month; rises over 63% in February

Indian Overseas Bank hits a 52-week high for 5th time this month;...

Wed, Feb 07, 2024

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.

Indian Overseas Bank shares hit 52-week high; here is why

Indian Overseas Bank shares hit 52-week high; here is why

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.

Mr. Ajay Kumar Srivastava, MD & CEO, Indian Overseas Bank In Talk With Zee Business

Mr. Ajay Kumar Srivastava, MD & CEO, Indian Overseas Bank In...

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

Indian Overseas Bank Q2 Results: Net profit jumps 25% to Rs 625 crore; asset quality improves significantly

Indian Overseas Bank Q2 Results: Net profit jumps 25% to Rs 625 c...

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.

Corporate Radar: Jay Kumar Srivastava, MD & CEO, Indian Overseas Bank In Conversation With Zee Business On Q3 Results

Corporate Radar: Jay Kumar Srivastava, MD & CEO, Indian Overs...

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 .

Bank of Baroda, Indian Overseas Bank hike lending rates; SBI marginally raises deposit rates

Bank of Baroda, Indian Overseas Bank hike lending rates; SBI marg...

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).

Q3 Results 2023: HPCL, Voltas, Suzlon Energy, IOB report profit; Voltas declares Rs 110 crore net loss

Q3 Results 2023: HPCL, Voltas, Suzlon Energy, IOB report profit;...

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

CBI books Rotomac Global, its directors for Rs 750 crore alleged fraud in Indian Overseas Bank

CBI books Rotomac Global, its directors for Rs 750 crore alleged...

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.

Now this public sector bank to revise interest rates up to 0.6% from Nov 10

Now this public sector bank to revise interest rates up to 0.6% f...

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.

NARCL begins process of buying bank NPAs; gives binding offer to IOB on Rainbow Paper

NARCL begins process of buying bank NPAs; gives binding offer to...

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.

Q4 Results 2022: Galaxy Surfactants, Indian Overseas Bank announce March quarter results; here are key highlights

Q4 Results 2022: Galaxy Surfactants, Indian Overseas Bank announc...

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

Important news for the customers of this government bank, now you will have to pay more EMI on loan

Important news for the customers of this government bank, now yo...

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.

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