Indian Overseas Bank

Indian Overseas Bank Revises Fixed Deposit Rates --Check Latest FD Rates For General Public, Senior Citizens, Tenor And Other Details

IOB said that Interest rate for Senior Citizen aged 60 and above, will fetch an additional Interest rate of 0.50 percent.

Nov 21, 2023, 13:23 PM IST

Rs 177 Debited From Your PNB/IOB Account? Know Why Punjab National Bank Deducted Money From Your Saving Account

PNB, IOB Saving Account Debit Cards Charges: A debit card is popularly known as an ATM card and can be used for withdrawing cash from ATM machines, shopping and making online payments.

Mar 01, 2023, 23:38 PM IST

Indian Overseas Bank hikes MCLR rates by 05 bps from today 10 January 2023, check latest rates here

Indian Overseas Bank said that Interest Rate of Loans for Overnight Tenor MCLR and One Month MCLR Shall be Sanctioned Only by the Top Management at Central Office. It also further clarified that Discretion to Sanction Overnight and One Month MCLR is not Available with Any Other Functionaries.

Jan 10, 2023, 13:14 PM IST

Indian Overseas Bank fixed deposit interest rate hiked from today; Check revised FD rates, return calculator for senior citizens

The IOB now offers an FD rate of up to 7.3 per cent to the depositors for a tenure of 444 days and up to 7.25 per cent for a period of three years and above.

Dec 10, 2022, 19:31 PM IST

Indian Overseas Bank posts 33.2% jump in Q2 net at Rs 501 crore

The deposits grew to Rs 2,61,728 crore from Rs 2,60,045 crore.

Nov 06, 2022, 15:55 PM IST

THIS bank increases interest rate on FDs; check new rate, policy terms & more details

Some banks are increasing the interest rates on FDs. Following suit, the Indian Overseas Bank (IOB) has increased the interest rates on FDs. By making investments in FDs, you may take advantage of this wave of change and profit handsomely. Continue reading to find out relevant aspects of this by going through the article. 

Sep 12, 2022, 10:25 AM IST

IOB, Bank of Baroda raise MCLR rates by up to 0.10 %, Check new rates

The benchmark 1-year tenor marginal cost of funds based lending rate (MCLR) has been revised to 7.75 per cent against the existing rate of 7.65 per cent. 

Sep 09, 2022, 23:03 PM IST

FD investors, ALERT! Public sector bank slashes fixed deposit interest rates by 0.40%

The Indian Overseas Bank has slashed the interest rates on fixed deposits by 40 basis points or 0.40 per cent. 

Apr 13, 2022, 15:02 PM IST

Govt appoints Vivek Aggarwal as RBI nominee director in Indian Overseas Bank

The government, vide notification dated February 25, has appointed Vivek Aggarwal, as an RBI nominee director in Indian Overseas Bank.

Feb 25, 2022, 21:47 PM IST

IBPS Clerk Recruitment 2021: Registration starts, know eligibility, important details & steps to apply

The Institute of Banking Personnel Selection (IBPS) has released notification for the recruitment of clerks at nationalized banks such as Central Bank of India, Indian Bank, Indian Overseas Bank, etc.

Jul 12, 2021, 14:27 PM IST

Crucial meeting on bank privatisation: THESE 2 banks are probable candidates

The members of the panel include secretaries in the departments of Economic Affairs, Revenue, Expenditure, Corporate Affairs and Legal Affairs, as well as the secretary of the administrative department. The panel also has the Department of Public Enterprises, Department of Investment and Public Asset Management (DIPAM) Secretary as its member.

Jun 27, 2021, 16:14 PM IST

THESE state-owned banks may be picked up for privatisation, govt likely to come out with VRS

Finance Minister Nirmala Sitharaman while unveiling Budget 2021-22 on February 1 had announced that the government proposed to take up the privatisation of two public sector banks (PSBs) and one general insurance company.

Jun 09, 2021, 09:03 AM IST

Do you have an account in THESE 4 state-run banks shortlisted for privatisation? Is your money safe?

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget FY 2021-22 in Parliament announced that government has approved a policy of strategic disinvestment of public sector enterprises that will provide a clear roadmap for disinvestment in all non-strategic and strategic sectors.

Feb 16, 2021, 16:13 PM IST

THESE 4 banks shortlisted for privatisation: Know the banks' total workforce, other details

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget FY 2021-22 in Parliament announced that government has approved a policy of strategic disinvestment of public sector enterprises that will provide a clear roadmap for disinvestment in all non-strategic and strategic sectors.

Feb 16, 2021, 10:14 AM IST

Modi govt's big move! Four state-run banks shortlisted for privatisation: Reports

Two of those banks will be selected for sale in the 2021/2022 financial year which begins in April, the officials said. The shortlist has not previously been reported. The government, however, will continue to hold a majority stake in India`s largest lender State Bank of India, which is seen as a `strategic bank` for implementing initiatives such as expanding rural credit.

Feb 15, 2021, 18:01 PM IST

Indian Overseas Bank, Indian Bank, UCO Bank, Canara Bank, Punjab & Sind Bank, Syndicate Bank, IDBI Bank grant 3-month moratorium to customers on EMI/interest payment on loans to deal with coronavirus crisis

Leading banks like Indian Overseas Bank, Indian Bank, UCO Bank, Canara Bank, Punjab & Sind Bank, Syndicate Bank and the IDBI Bank took to Twitter to inform their customers that have provided a three-month moratorium on payment of EMIs, interest on loans. terms loans etc.

Mar 31, 2020, 15:24 PM IST

Indian Overseas Bank Q4 loss narrows to Rs 1,985 crore

The public sector lender reported a loss of Rs 3,606.73 crore during January-March, 2017-18.

May 10, 2019, 12:26 PM IST

IOB receives shareholders nod for Rs 3,806 crore capital infusion

Indian Overseas Bank recorded a net loss of Rs 346 crore for the quarter ending December 31, 2018. It was down 64 percent from Rs 971 crore in the year ago period.

Mar 29, 2019, 12:05 PM IST

Govt to infuse Rs 42,000 cr in PSU banks by March; next tranche likely in December

The government earlier this year pumped Rs 11,336 crore in five PSBs -- PNB, Allahabad Bank, Indian Overseas Bank, Andhra Bank and Corporation Bank -- to improve their financial health.

Nov 27, 2018, 10:49 AM IST

IOB hikes benchmark lending rate by 0.05%

MCLR for a one-year tenor will rise to 8.75 percent from 8.7 percent. Most of its retail loans are benchmarked against one-year MCLR.

Nov 09, 2018, 17:56 PM IST