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Indian Overseas Bank (IOB)

IOB partners with institute to offer e-learning courses to staff

IOB partners with institute to offer e-learning courses to staff

Tue, Jan 16, 2024

IOB Chief Compliance Officer Nataraj Karyampudi exchanged documents with IIBF Director (Academics) S Muralidharan in the presence of the public sector bank's Managing Director and CEO Ajay Kumar Srivastava here.

RBI fines Indian Overseas Bank Rs 2.2 crore

RBI fines Indian Overseas Bank Rs 2.2 crore

Fri, Jun 02, 2023

Reserve Bank on Friday imposed a penalty of Rs 2.20 crore on state-owned Indian Overseas Bank (IOB) for non-compliance of income recognition and other deficiencies in regulatory compliance.

Indian Overseas Bank hikes FD rates for certain tenure; check new rates

Indian Overseas Bank hikes FD rates for certain tenure; check new rates

Wed, Apr 12, 2023

FD interest rate 2023: The bank is offering interest on FD ranging from 4 per cent to 7.25 per cent for various tenures for the general public. Senior citizens will get an additional rate of 0.5 per cent.

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Sanjay Mudaliar joins Indian Overseas Bank as executive director

Sanjay Mudaliar joins Indian Overseas Bank as executive director

Wed, Jan 04, 2023

With his techno-functional knowledge, Mudaliar has been contributing to various working groups on product innovation and process refinement.

Indian Overseas Bank revises interest rates with immediate effect

Indian Overseas Bank revises interest rates with immediate effect

Sun, Dec 11, 2022

Depositors of domestic, non-resident external would receive interest rates up to 7.30 per cent by opening a term deposit with a tenure of 444 days and up to 7.25 per cent for a period of three years and above, Indian Overseas Bank said in a statement here.

Bank privatisation may gather pace as government plans to pass Banking Law Amendment Bill in upcoming Monsoon Session: Sources

Bank privatisation may gather pace as government plans to pass Banking Law Amendment Bill in upcoming Monsoon Session: Sources

Wed, Jun 22, 2022

Zee Business Exclusive: Privatisation of Public Sector process may get a fillip as the government may take up the Banking Law Amendment Bill during the upcoming Monsoon Session of the Parliament. Zee Business' Tarun Sharma reports

IOB, Central Bank issue clarification to exchanges on privatisation as shares jump up to 20%, intraday

IOB, Central Bank issue clarification to exchanges on privatisation as shares jump up to 20%, intraday

Wed, Nov 24, 2021

Indian Overseas Bank (IOB) and Central Bank of India today issued clarifications over news reports suggesting that government may bring a privatisation bill for these two banks during the winter session of Parliament. The news led to a surge in the share price of these banks.

Indian Overseas Bank shares spurt 20% as RBI takes PSU bank out of PCA norm – What investors should know

Indian Overseas Bank shares spurt 20% as RBI takes PSU bank out of PCA norm – What investors should know

Thu, Sep 30, 2021

The state-owned PSU (public sector undertaking) bank — Indian Overseas Bank shares jumped 20 per cent to Rs 24.6 per share on the BSE intraday trade today, as the Reserve Bank of India removed it from Prompt Corrective Action (PCA) framework on Wednesday.

IOB’s cash recovery target for FY22 stands at Rs 4,500 crore: Partha Pratim Sengupta

IOB’s cash recovery target for FY22 stands at Rs 4,500 crore: Partha Pratim Sengupta

Thu, Jun 17, 2021

Partha Pratim Sengupta, Managing Director & Chief Executive Officer, Indian Overseas Bank (IOB) talks about provisions, recovery, targets, prompt corrective action (PCA) tag, capital raising plans and talks related to privatization among others during an exclusive interview with Swati Khandelwal, Zee Business.

Indian Overseas Bank cuts MCLR by up to 10 bps

Indian Overseas Bank cuts MCLR by up to 10 bps

Sun, Mar 10, 2019

The six-month MCLR will be priced at 8.50 per cent as against 8.60 per cent earlier while for three-month tenor it has been cut to 8.45 per cent from 8.50 per cent.

Zota Healthcare launches IPO of 47 lakh shares on NSE

Zota Healthcare launches IPO of 47 lakh shares on NSE

Tue, Nov 29, 2016

Pantomath Capital Advisors (P) Ltd. and Indian Overseas Bank are the Lead Managers to the Issue.

CBI registers cheating case for defrauding IOB of Rs 41.30 crore

CBI registers cheating case for defrauding IOB of Rs 41.30 crore

Fri, Sep 16, 2016

CBI sources said a case has been registered for criminal conspiracy, alleged cheating, forgery and fabrication of documents against Gaurav Mehra and Sonila Mehra, both directors of Airworth Travels and Tours Private Limited and unknown bank officials.

Bankers can't get blanket immunity on loan decisions: Raghuram Rajan

Bankers can't get blanket immunity on loan decisions: Raghuram Rajan

Sun, Jul 17, 2016

Raghuram Rajan has said there cannot be an absolute "blanket sort of relief" to the bankers seeking immunity for loan decision. He added the decision about loans should be taken after carrying out the appropriate due diligence to be protected, PTI said.

PSU bank stocks rise after RBI relaxes bad loan norms

PSU bank stocks rise after RBI relaxes bad loan norms

Tue, Jun 14, 2016

The scrip of Punjab National Bank (PNB) surged 5.18%, Bank of India rose by 3.14%, Bank of Baroda climbed 2.43% on the Bombay Stock Exchange (BSE).

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