Indian Overseas Bank

IOB to sell non-core assets for raising Rs 900 crore in FY 19

Mumbai: Government-owned Indian Overseas Bank has identified 32 assets for sale, including prime properties in Singapore and Hong Kong, t...Read More

Parekh Aluminex under CBI scanner

Parekh Aluminex under CBI scanner

New Delhi: The CBI has carried out searches at six locations in Mumbai in connection with a Rs 1,400-crore loan default allegedly by an a...Read More

PSB shares up 19 percent on fund infusion plan

PSB shares up 19 percent on fund infusion plan

MUMBAI: Shares of PSBs jumped up to 19%, Thursday after the Finance Ministry announced infusion of Rs 48,239 crore in 12 such lenders in ...Read More

Government to infuse Rs 42,000 crore in PSU banks this fiscal

New Delhi: The government will infuse Rs 42,000 crore in the state-owned banks by March-end and the next tranche would be released as ear...Read More

Lenders see fall in NPA ratio

Lenders see fall in NPA ratio

Mumbai: Finally some banks have shown signs of decline in their NPA ratio, this decline was seen in two or more successive quarters.

5 state banks  to get Rs 11,336-cr capital infusion

5 state banks  to get Rs 11,336-cr capital infusion

Move to help lenders meet capital requirement

BoB in talks to sell Malaysian JV

Mumbai : Bank of Baroda along with Indian Overseas Bank and Andhra Bank are in advanced discussions with a possible buyer to sell their s...Read More

HK units of PNB, IOB under lens as CAR dips

HK units of PNB, IOB under lens as CAR dips

PNB’s capital adequacy falls to 9.2%, IOB’s at 9.25% at March-end

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SBI drags Jai Balaji to NCLT over dues

Mumbai : After having narrowly escaped bankruptcy in October, Jai Balaji Industries is, once again, facing insolvency as the State Bank o...Read More

Vijay Mallya loses UK case, Banks can now recover Rs 10,000 crore

London: Absconding tycoon Vijay Mallya has lost a major lawsuit in UK. It was filed by Indian banks which are seeking to collect more tha...Read More

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Lenders likely to classify STC account as dud loan

STC is in the process of restructuring of listed entity on account of such existing debts and necessary actions in fraud/default this res...Read More

Sensex down by 430 points on bank scam

Sensex down by 430 points on bank scam

Nifty falls 110 points, investors lose Rs 4.30 L-cr in 5 sessions.

Moody’s upgrades outlook on Central Bank, IOB to positive from stable

Mumbai: Global rating agency Moody‘s today upgraded its outlook on the state-run lenders Central Bank of India and the Indian Overseas Ba...Read More

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Indian Overseas Bank seeks bids for 5 NPAs

Mumbai : Indian Overseas Bank (IOB) has invited initial bids from asset reconstruction companies, banks, financial institutions, and non-...Read More

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NITI Aayog to submit report on PSU banks consolidation

New Delhi : The finance ministry has sought help of the government think-tank NITI Aayog and other global consultancy firms to examine th...Read More

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RBI initiates prompt corrective action for Dena Bank

Mumbai : The Reserve Bank has put Dena Bank under watch by initiating prompt corrective action against it, a move that will place various...Read More

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Seven PSBs gets new MDs and CEOs

New Delhi : The government on Friday appointed new managing directors and chief executive officers of seven public sector banks (PSB), wh...Read More

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Heads of public sector banks called by Public Accounts Committee to discuss bad loans 

New Delhi: Concerned over mounting bad loans, the Public Accounts Committee (PAC) has called the heads of public sector banks to explain ...Read More

Demonetisation: Cashlessness sting still painful on day 41

New Delhi: There was no respite in sight for cash-strapped people on Monday as queues outside banks and ATMs for withdrawing money contin...Read More

13 Banks get the much awaited capital infusion

13 Banks get the much awaited capital infusion

New Delhi : The Finance Ministry on Tuesday announced the badly needed capital infusion of Rs 22,915 crores towards the re-capitalisation...Read More