Indian Overseas Bank

Indian Overseas Bank Q1 profit at Rs 121 crore

The state-owned lender posted a net loss of Rs 342.08 crore for the same quarter a year ago.

published on : 20th August 2020

Indian Overseas Bank back in black, posts Rs 143.79 crore net profit in Q4

Provisioning for bad loans and contingencies during the quarter under review fell to Rs 1,060.38 crore as against Rs 4,501.92 crore in the year-ago quarter.

published on : 25th June 2020

Indian Overseas Bank cuts lending rate by up to 30 basis points

Indian Overseas Bank reduced its interest rate on loans linked to MCLR by 30 basis points in overnight tenor and by 20 bps in one month to one year tenors.

published on : 7th June 2020

COVID-19: Indian Overseas Bank launches special scheme for self help groups

The bank said SHGs with a good track record and a history of minimum two loans from IOB will be eligible for this loan facility, which can be availed till June 30, 2020.

published on : 27th April 2020

IOB raises lending target for home, MSME loans; hopes to be profitable soon: CEO

The bank's managing director and chief executive officer (MD & CEO) said that the next criterion is to make some profit.

published on : 18th February 2020

Hong Kong branches of PNB, IOB under supervisory oversight as capital ratio slip below RBI norms

At the end of March, 2018, total capital ratio as per the Basel- III norms declined to 9.20 per cent for PNB as against 11.66 per cent at the end of March 2017, according to a filing by PNB.

published on : 14th June 2018