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Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Company Business News, Indian Companies News, Company Analysis, Corporate Industry News

Indian Overseas Bank, IOB

During the period under review, the bank's total income rose 19 per cent to Rs 6,941.5 crore compared to Rs 5,854 crore during the same quarter last fiscal

Business Standard

Indian Overseas Bank (IOB) on Friday reported a 25 per cent growth in net profit to Rs 625 crore during the September quarter.
The state-owned lender had posted a net profit of Rs 501 crore in the year-ago period.
IOB's gross NPA ratio improved to 4.74 per cent in the second quarter of this fiscal, from 8.53 per cent in the same period of 2022-23 fiscal.
Interest income stood at Rs 5,821 crore for the quarter ended September 30, 2023. Total business improved to Rs 4.82 lakh crore.
Shares of IOB were trading 4.74 per cent higher at Rs 40.22 apiece on the BSE.

Press Trust of India

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

PSU banks

Nifty PSU Bank index hit a new high today, and was the top gainer among sectoral indices, up nearly 4 per cent

Bank, Banks, foreign banks

The Nifty PSU Bank index hit an intra-day high of 4,516.75, trading close to its record high level of 4,647.95 touched on July 27

The rating for Rs 10,000-crore certificate of deposits (CoD) factors-in the long track record of operations, comfortable capitalisation levels, diversified advances book and deposit base

Q1 results

The Chennai-based bank's total business increased to Rs 4.56 trillion as on June 2023, up from Rs 4.24 trillion in June 2022

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

News

Indian Overseas Bank Q2 results: Net profit rises 25% to Rs 627 crore

Indian Overseas Bank net profit rises 25% to Rs 625 cr in Sept quarter

Stock of this PSB has nearly doubled in 2 months; m-cap nears Rs 1 trillion

PSB shares rally; IOB, PSB, Central Bank, Uco Bank surge over 40% in 4 days

PSU Bank index up 2% in weak market; IOB, UCO, Central Bank rally upto 15%

Indian Overseas Bank soars 15% as Care Ratings assigns 'A1+' rating to CoD

Indian Overseas Bank records 28% rise in Q1 net profit to Rs 504 crore

Indian Overseas Bank allows customers to use any name as account number