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.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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 .
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.
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.
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.
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.
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
Tue, Jul 24, 2018
IOB recruitment 2018: Indian Overseas Bank (IOB) has issued recruitment notifications for the post of Specialist Officers
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.
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.
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.
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.
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.
Sat, Jul 29, 2017
BBPS is an integrated bill payment system that offers inter-operable online bill payments to customers.
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