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IOB to raise $500 million through overseas bond sale

IOB to raise $500 million through overseas bond sale

Last Updated: Wednesday, July 30, 2014, 21:29

The bank has already received approval to raise up to USD 1 billion from its board.

Indian Overseas Bank Q1 Net zooms over 2-fold to Rs 271.72 crore

Last Updated: Saturday, July 26, 2014, 16:49

Public sector Indian Overseas Bank has reported over two-fold jump in net profit for the first quarter ended June 30, 2014 at Rs 271.72 crore.

IOB seeks Rs 3,500 crore capital support from govt

Last Updated: Thursday, June 12, 2014, 18:38

The bank has also requested Ministry of Finance for the dilution of their shareholding in the bank.

TransUnion increases stake in Cibil to 55%

Last Updated: Thursday, May 22, 2014, 16:16

Thirteen years after it started working with Cibil, global credit and information services player TransUnion has increased its stake in the country's largest credit information bureau to a majority 55 percent from earlier 47.5 percent.

IOB to raise Rs 400 cr by selling shares to LIC

Last Updated: Monday, February 10, 2014, 17:00

State-owned Indian Overseas Bank today said it plans to raise Rs 400 crore by selling shares on preferential basis to Life Insurance Corporation.

Sebi exempts govt from making open offer to IOB shareholders

Last Updated: Wednesday, December 18, 2013, 15:49

Once the government purchases these shares, its stake in IOB will rise by little over 5 percent to 79.01 percent.

Indian Overseas Bank to raise Rs 350 cr through QIP

Last Updated: Monday, December 16, 2013, 14:56

State-owned Indian Overseas Bank (IOB) on Monday said its board has approved to raise Rs 350 crore through Qualified Institutional Placement (QIP).

Indian Overseas Bank offers higher NRE term deposit rates

Last Updated: Saturday, November 23, 2013, 23:43

"Indian Overseas Bank has increased the interest rates under NRE Term Deposits for period of 3 years and above from 9.00 percent to 9.50 percent with effect from November 23", a bank statement said.

IOB net profits dips 16.3% to Rs 132.55 crore in 2Q

Last Updated: Friday, October 25, 2013, 15:13

Public sector Indian Overseas Bank has reported a 16.3 percent dip in its net profits for the second quarter ending September 30 at Rs 132.55 crore.

IOB slashes interest rates by 2% on consumer durable loans

Last Updated: Wednesday, October 09, 2013, 20:00

Public sector Indian Overseas Bank has slashed its interest rates on consumer durable loans by 200 basis points to 13.25 percent from 15.25 percent earlier with immediate effect.

Indian Overseas Bank seeks Rs 2,100 crore from govt

Last Updated: Wednesday, August 28, 2013, 17:50

Indian Oversea Bank (IOB) has sought capital support of Rs 2,100 crore from the government for enhancing its capital base.

Banking services restored at Indian Overseas Bank

Last Updated: Thursday, August 22, 2013, 18:34

Considered one of the largest public sector banks with 3,000 branches nationwide, the glitch "largely affected" transactions, hampering day-to-day operations, they said.