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
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
Planning to buy property? Here’s how you can purchase house for cheap
Several banks, from time to time, give investors an option to invest their money in properties that are sold at prices lower than the circle rate.
Jul 22, 2021, 15:32 PM IST
RBI slaps penalty of Rs 3 crore on Axis Bank, 2 crore on Indian Overseas Bank
Axis Bank attracted fine for flouting NPA norms and state-run Indian Overseas Bank for KYC breach.
Mar 05, 2018, 20:31 PM IST
IOB goes live with Bharat Bill Payment system
BBPS is an integrated bill payment system that offers inter-operable online bill payments to customers.
Jul 29, 2017, 15:56 PM IST
IOB to sell 'Indian Gold Coin' on Gudi Padwa in Mumbai
The Indian Overseas Bank (IOB) will sell the 'Indian Gold Coin' at its branches in the city tomorrow on the occasion of 'Gudi Padwa'.
Apr 07, 2016, 20:19 PM IST
IOB starts distribution of Indian Gold Coins
State-owned Indian Overseas Bank (IOB) has become the first lender to start distribution of recently launched Indian Gold Coins (IGC)
Mar 25, 2016, 18:07 PM IST
Indian Overseas Bank Q2 net loss widens to Rs 550.83 crore
Public sector lender Indian Overseas Bank on Saturday reported a net loss of Rs 550.83 crore for the second quarter ending September 30, 2015.
Oct 31, 2015, 18:50 PM IST
Indian Overseas Bank Q4 profit plunges 87%
Indian Overseas Bank sufferd net loss for the financial year to end-March at Rs 454.33 cr.
May 08, 2015, 17:19 PM IST
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
IOB to raise $500 million through overseas bond sale
The bank has already received approval to raise up to USD 1 billion from its board.
Jul 30, 2014, 21:29 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
IOB seeks Rs 3,500 crore capital support from govt
The bank has also requested Ministry of Finance for the dilution of their shareholding in the bank.
Jun 12, 2014, 18:38 PM IST
