Moody's downgrade Central Bank, IOB on low govt funding
Rating agency Moody's Tuesday downgraded state-run lenders Central Bank of India and Indian Overseas Bank's local and foreign currency deposit ratings, anticipating low level of support from the government to these banks.
Mar 03, 2015, 17:51 PM IST
Apollo Munich ties up with IOB for customised product offering
Apollo Munich will offer customized products with sum insured ranging from Rs 3 lakh to Rs 10 lakh to IOB's customers, it said.
Feb 19, 2015, 21:06 PM IST
IOB to raise Rs 1000 cr to augment additional Tier-1 capital
Public sector Indian Overseas Bank plans to raise Rs 1,000 crore to augment the additional Tier-I capital and also to strengthen its overall capital.
Jan 31, 2015, 16:33 PM IST
CBI chargesheets IOB branch manager for cheating bank
The CBI has filed a charge sheet against a Gujarat-based branch manager of Indian Overseas Bank (IOB) and three others for allegedly cheating the bank to the tune of Rs 2.5 crore.
Dec 26, 2014, 19:22 PM IST
Moody's cuts IOB financial strength rating on higher bad loans
The Chennai-headquartered bank reported a sharp increase in gross non performing assets at 7.35 percent for September quarter as against 5.84 percent in the year-ago period.
Nov 26, 2014, 22:41 PM IST
Indian Overseas Bank Q1 Net zooms over 2-fold to Rs 271.72 crore
Public sector Indian Overseas Bank has reported over two-fold jump in net profit for the first quarter ended June 30, 2014 at Rs 271.72 crore.
Jul 26, 2014, 16:49 PM IST
