Indian Overseas Bank

Loan refused ‘for not knowing Hindi’, bank manager shunted

Loan refused ‘for not knowing Hindi’, bank manager shunted

ChennaiIn a fresh row over “Hindi imposition” in Tamil Nadu, the manager of the Indian Overseas Bank (IOB), Jay­a­m­kondam branch in Ariy...Read More

FPJ Facts: What are FinCEN and FinCEN files? Why are Indian banks' names appearing in the suspicious transactions?

FPJ Facts: What are FinCEN and FinCEN files? Why are Indian banks' names appearing in the suspicious transactions?

According to the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN), several transactions went through Indian banks t...Read More

Indian Overseas Bank Q1 profit at Rs 121 crore

Indian Overseas Bank Q1 profit at Rs 121 crore

Indian Overseas Bank on Thursday posted a net profit of Rs 121 crore for June quarter 2020 mainly due to fall in bad loans. The state-ow...Read More

After SBI, govt now nominates IOB for collecting donations for PM Cares Fund

After SBI, govt now nominates IOB for collecting donations for PM Cares Fund

State-owned Indian Overseas Bank (IOB) on Saturday said the government has nominated it for collection of donations for PM-Cares Fund.

Indian Overseas Bank launches health insurance policy with Universal Sompo

Indian Overseas Bank launches health insurance policy with Universal Sompo

Chennai: Public sector Indian Overseas Bank unveiled a healthcare insurance policy through online platform in association with Universal ...Read More

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

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

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

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

placeholder

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

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

placeholder

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

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

placeholder

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

placeholder

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

Free Press Journal

www.freepressjournal.in