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Indian Overseas Bank

Indian Overseas Bank Q4 loss narrows to Rs 1,985 crore

The public sector lender reported a loss of Rs 3,606.73 crore during January-March, 2017-18.

May 10, 2019, 12:26 PM IST

IOB receives shareholders nod for Rs 3,806 crore capital infusion

Indian Overseas Bank recorded a net loss of Rs 346 crore for the quarter ending December 31, 2018. It was down 64 percent from Rs 971 crore in the year ago period.

Mar 29, 2019, 12:05 PM IST

Govt to infuse Rs 42,000 cr in PSU banks by March; next tranche likely in December

The government earlier this year pumped Rs 11,336 crore in five PSBs -- PNB, Allahabad Bank, Indian Overseas Bank, Andhra Bank and Corporation Bank -- to improve their financial health.

Nov 27, 2018, 10:49 AM IST

IOB hikes benchmark lending rate by 0.05%

MCLR for a one-year tenor will rise to 8.75 percent from 8.7 percent. Most of its retail loans are benchmarked against one-year MCLR.

Nov 09, 2018, 17:56 PM IST

IOB Q4 loss widens to Rs 3,606 crore on rising bad loans

The bank had registered a net loss of Rs 646.66 crore in the same quarter of previous fiscal.

May 30, 2018, 17:58 PM IST

Indian Overseas Bank robbed in Chennai, Rs 30 lakh cash and gold stolen

The robbery came to light when the bank officials reached their branch on Monday morning.

Mar 26, 2018, 16:37 PM IST

Alleged hotel grab by Chidambaram's relative, CBI registers preliminary enquiry

K Kathirvel, a doctor by profession and who was running the hotel in partnership with his associates, had accused Padmini, sister of Chidambaram's wife Nalini, of grabbing the property in collusion with the bank officials.

Dec 08, 2017, 18:41 PM IST

Govt appoints executive directors in 9 public sector banks

Bajrang Singh Shekhawat has been appointed executive director of Central Bank of India.

Oct 10, 2017, 14:53 PM IST

IOB goes live with Bharat Bill Payment system

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

Jul 29, 2017, 15:56 PM IST

Nine out of 21 public sector banks reported losses in FY17

Nine of the 21 public sector banks, including IDBI Bank and Indian Overseas Bank, reported losses during 2016-17, the parliament was informed on Tuesday.

Jul 18, 2017, 15:28 PM IST

PCA doesn't constraint bank's normal operations: RBI

The RBI on Monday 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.

Jun 05, 2017, 21:57 PM IST

IOB, Central Bank to benefit from capital infusion: Moody's

Indian Overseas Bank and Central Bank of India will benefit from the government's recent capital infusion as they have got a higher share as a proportion of their share capital, Moody's said on Monday.

Jul 25, 2016, 13:13 PM IST

IOB to issue over 9 crore equity shares to raise Rs 261 crore

Indian Overseas Bank today said it will issue over 9 crore equity shares to qualified institutional buyers (QIBs) to raise about Rs 261 crore.

May 21, 2016, 18:27 PM IST

After SBI, UCO Bank and two other public lenders to get merged?

After asking State Bank of India (SBI) to merge its 5 associate banks, the government may ask three other public lenders namely UCO Bank, Bank of India and Indian Overseas Bank with financially sound bank

May 19, 2016, 14:00 PM IST

IOB to sell 'Indian Gold Coin' on Gudi Padwa in Mumbai

The Indian Overseas Bank (IOB) will sell the 'Indian Gold Coin' at its branches in the city tomorrow on the occasion of 'Gudi Padwa'.

Apr 07, 2016, 20:19 PM IST

IOB starts distribution of Indian Gold Coins

State-owned Indian Overseas Bank (IOB) has become the first lender to start distribution of recently launched Indian Gold Coins (IGC)

Mar 25, 2016, 18:07 PM IST

CBI registers cases against 2 Indian Overseas Bank branch managers

CBI has registered a case against an Indian Overseas Bank branch manager and a private company owner for allegedly cheating the bank to the tune of Rs 8.41 crore by issuing loans in the names of non-existing firms.

Jan 12, 2016, 21:02 PM IST

Indian Overseas Bank Q2 net loss widens to Rs 550.83 crore

Public sector lender Indian Overseas Bank on Saturday reported a net loss of Rs 550.83 crore for the second quarter ending September 30, 2015.

Oct 31, 2015, 18:50 PM IST

Indian Overseas Bank shares down 3% on RBI move

IOB's gross non-performing assets rose to 8.30 percent at the end of March 31, from 4.84 percent a year ago, according to the provisional RBI data taking into account domestic operations of banks.

Oct 06, 2015, 13:34 PM IST

Govt to infuse Rs 5,393 cr in SBI; IOB, UBI to also get funds

Country's largest lender SBI Tuesday said it will issue equity shares on preferential basis to the government for capital infusion of Rs 5,393 crore.

Aug 25, 2015, 23:28 PM IST