Indian Overseas Bank

20 April 2021, 01:26 AM

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

By PTI

1 April 2021, 12:07 PM

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%

15 March 2021, 07:18 AM

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

15 March 2021, 04:03 AM

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

13 March 2021, 02:46 AM

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

6 March 2021, 11:15 AM

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.

2 March 2021, 07:26 PM

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

By Dravida Thambi

22 September 2020, 07:49 PM

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?

22 September 2020, 11:40 AM

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

20 August 2020, 07:04 PM

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

4 April 2020, 12:55 PM

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

29 October 2019, 10:14 AM

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

By ANI

7 May 2019, 11:23 AM

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

13 April 2019, 12:15 AM

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

22 February 2019, 12:20 AM

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

26 November 2018, 09:25 PM

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

By Staff Reporter

9 November 2018, 03:23 PM

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

17 July 2018, 06:50 PM

Move to help lenders meet capital requirement

BoB in talks to sell Malaysian JV