IOB

Public sector Indian Overseas Bank was confident of maintaining its over Rs 1,000 crore net profit in the coming quarters. The city-headquartered bank had registered its first ever highest net profit of Rs 1,051 crore in the January-March 2025 quarter. "Exactly. One hundred per cent sure. We are very confident of maintaining this and growing it from here. If you see our net profits figure over the last two years, quarter on quarter, it is increasing. The graph has been very consistent," the bank's Managing Director and CEO Ajay Kumar Srivastava said. He was responding to a query from PTI on whether the bank was confident of maintaining the growth in the net profit during this financial year. He said, "in the fourth quarter of the last financial year (January-March 2025), the bank reported its highest ever net profit of Rs 1,051 crore and in June 2025 quarter, supposed to be a lean quarter, from that Rs 1,051 crore we have grown to over Rs 1,111 crore net profit, another highest eve

Indian Overseas Bank (IOB) posted a 76% rise in Q1FY26 net profit to Rs 1,111 crore and plans to raise Rs 4,000 crore via QIP in Q3FY26 to dilute government shareholding

One in every 10 Nifty 500 stocks shed over 20% in the first-half of 2025. Here are 5 stocks among the top losers, which can potentially gain up to 23% in second-half this year, as per technical charts

"Granting extension of tenures to PSB & IOB MDs is at a final stage. Both MDs have two years of services left. The final notification will come soon," said the source

SBI, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IDFC First Bank, Federal Bank, and Bandhan Bank have announced a combined sale of their 20% stake in Yes Bank to Japan's SMBC

Public sector Indian Overseas Bank has reduced the Repo Linked Lending Rate of the bank by 25 basis points with immediate effect, the bank said on Saturday. Recently, the Reserve Bank of India in its latest Monetary Policy Committee meeting decided to reduce the Policy Repo Rate from 6.25 per cent to 6 per cent. The decision to slash the rates by the apex bank comes amid looming uncertainties after last week's announcement of 27 per cent tariffs on Indian imports to the US by President Donald Trump. Accordingly, the Asset Liability Management Committee in its meeting held on April 11 has decided to pass on the rate cut to the customers by reducing the Repo Linked Lending Rate of the Bank by 25 basis points from 9.10 per cent to 8.85 per cent with effect from April 12, 2025, the city-headquartered bank said in a press release on Saturday.

The Chennai-based bank posted a total income of Rs 8,409 crore during the quarter under review versus Rs 7,437 crore in the same period last year

The uptick in Indian Overseas Bank shares price came after the company posted a strong set of results in the December quarter of financial year 2025 (Q3FY25)

State-run lender's asset quality improves, has 'tight grip' on slippages

The stock of the public sector bank (PSB) touched Rs 51, its highest level since March 2015, on improved operating performance

Public sector lender says the scheme is the first of its kind in the banking industry

FCNR(B)/RFC depositors will get an interest rate up to 5 per cent on their term deposits

Public sector Indian Overseas Bank would increase the interest rates on its retail term deposits up to 60 basis points with effect from November 10, the city-based bank said on Wednesday. With the revision in interest rates, domestic and non-resident depositors would get a hike of up to 7.15 per cent for deposits with period of 444 days, three years and above. Term deposits for tenure of 270 days to one year and one year to three years, the interest rates have been increased by 60 basis points, the bank said in a statement here.

Bank of Baroda and Indian Overseas Bank have raised their MCLR rates by up to 0.10 per cent, which will make most loans costlier for the customers. Indian Overseas Bank has revised upwards the MCLR rates by 0.10 per cent across tenors, making consumer loans costlier from Saturday. 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. This will impact car, personal and home loans. The two and three-year MCLRs have been hiked by a similar margin to 7.80 per cent each. Among others, the overnight MCLR will cost 7.05 per cent, while one month at 7.15 per cent. The three and six-month MCLRs are up at 7.70 per cent each. The revised MCLRs will come into effect from September 10, 2022, Indian Overseas Bank said in a regulatory filing. Bank of Baroda's one-year MCLR will be priced at 7.80 per cent against 7.70 per cent, the bank said in a regulatory filing. The six-month MCLR will be up

IOB also likely to tap debt capital market, say sources, though quantum of fund-raising being planned isn't clear

'This MoU will help the bank in leveraging innovation through the financial technologies engaged under the FinBlue initiative,' the statement said

After nine long years, the MACD on monthly chart for Indian Overseas Bank has crossed the zero line

The Reserve Bank on Wednesday removed Indian Overseas Bank (IOB) from the Prompt Corrective Action Framework

In the past one month, the stock price of IOB has zoomed 57 per cent as compared a 4 per cent decline recorded by PNB and a 5 per cent gain in BOB share price

On the back of resolution and pick up in advances, the bank aims to bring down the gross NPAs below 10 per cent mark by March.