Indian Overseas Bank

IOB convenes extraordinary general meeting of shareholders

IOB convenes extraordinary general meeting of shareholders

Indian Overseas Bank on May 12, 2021 convened an Extraordinary General Meeting of the Shareholders and obtained their approval for issuan...Read More

Indian Overseas Bank EGM in May to allot preferential shares to government

Indian Overseas Bank EGM in May to allot preferential shares to government

Indian Overseas Bank on Monday said it has convened an extraordinary general meeting (EGM) next month to seek shareholders' approval for ...Read More

Indian Overseas Bank, Central Bank of India, UCO Bank, and Bank of India shares jump after capital infusion

Indian Overseas Bank, Central Bank of India, UCO Bank, and Bank of India shares jump after capital infusion

Shares of four public sector banks -- Indian Overseas Bank, Central Bank of India, UCO Bank, and Bank of India -- on Thursday closed with...Read More

Share of UCO Bank zooms by 8%

Share of UCO Bank zooms by 8%

While banking indices witnessed a pressure in today’s trading, public sector bank UCO Bank witnessed a rise in its share in a few hours ...Read More

Bank strike: List of banks that are participating and services that will not be available

Bank strike: List of banks that are participating and services that will not be available

The public sector bank unions have decided to go on a strike today (March 15) and tomorrow (March 16). This means that these public secto...Read More

Indian Overseas Bank, Central Bank of India and UCO Bank may come out of RBI's PCA after Finance Ministry infuses Rs 14,500 crore

Indian Overseas Bank, Central Bank of India and UCO Bank may come out of RBI's PCA after Finance Ministry infuses Rs 14,500 crore

The finance ministry is likely to infuse Rs 14,500 crore mainly in the banks that are under the RBI's prompt corrective action framework ...Read More

Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India are shortlisted for privatisation

Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India are shortlisted for privatisation

Now the government has shortlisted four mid-sized state-run banks for privatisation. Earlier, the government was considering only two pub...Read More

Indian Overseas Bank signs Corporate Agency Agreement with SBI General Insurance Co Ltd.

Indian Overseas Bank signs Corporate Agency Agreement with SBI General Insurance Co Ltd.

Indian Overseas Bank (IOB), a major public sector bank has signed a bancassurance agreement for distribution of non-life offerings with S...Read More

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

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