Page 2 - Indian Overeas Bank

CRISIL upgrades IOB's Basel III compliant tier II bonds from 'A+' to 'AA-'

CRISIL, in a statement, said the capital position has been supported by regular fund infusion and expectation of strong support from the majority stakeholder, the government

Sensex gains for 3rd day, rises 433pts; Nifty holds 15,800; Zomato falls 6%

CLOSING BELL: Sectorally, the broad-based rally saw the Nifty Auto index ending with 2-per cent gain, and the Nifty Metal index with 1.6-per cent rally

IOB aims to boost advances to retail, MSME, agri, corporate sector in FY23

IOB is aiming to boost advances in retail, MSMEs, corporate and agricultural loans during the current fiscal year, as the lender has substantially brought down the stressed assets on its balance sheet

Recession fears hit global mkts; Sensex drops 1,046 pts, Nifty below 15,400

CLOSING BELL: The S&P BSE Sensex and the Nifty50 indices hit fresh 52-week lows as they spiraled 2 per cent down

Stocks to watch: SBI, HDFC Bank, Yes Bank, Network18, JSW Steel, Zomato

Stocks to watch today: State Bank of India raised their MCLR lending rate by 20 basis points across all tenors; Network18 group firm Viacom18 eyes expansion after it bagged media rights for IPL.

6 Indian banks sue GVK Coal Developers in London for $1.5 bn loan default

The banks have sued GVK Group-owned GVK Coal Developers over a dispute on a $1-billion loan and $35-million letter of credit facility and a $160-million loan

IOB Q4 net up by 58% to Rs 552 cr on lower bad loan provisioning

Operating profit down 8%, asset quality improves with GNPA at 9.82% as against 11.69% a year ago

Stocks to Watch: HDFC, Jubilant Food, IOB, ZEEL, Timken, Oil & Gas, Tyre

Adani Power, Barbeque Nation, Cadila, GAIL, Godrej Properties, HCC, ITC, JK Tyre, Kalyan Jewellers, Lupin, Mahindra Holidays, TBZ and Titan are some of the major companies to announce results today

IOB, Central Bank of India surge up to 20% on privatisation buzz

IOB has surged 20 per cent to Rs 23.80, while CBI gained 15 per cent on the BSE in intra-day trade today.

Top headlines: IOB out of PCA framework; Invesco takes Zee to NCLT

Business Standard brings you the top stories from today

Nifty PSU Bank index up 47% in Feb on improved earnings, privatisation buzz

Indian Overseas Bank, Central Bank of India, Bank of Maharashtra, Bank of India, and Punjab & Sind Bank have seen their share price zoom between 53 per cent and 80 per cent in the last week

Privatisation hope lifts Nifty PSB index 5%; BoI, IOB gain 40% in 2 days

Finance Minister Nirmala Sitharaman proposed to divest stake in two PSBs while unveiling Budget 2021 proposals

PSBs jump on privatisation buzz; Bank of Maharashtra, IOB hit upper circuit

In February so far (till Monday), the Nifty PSU Bank index has rallied 16.4 per cent as compared to a 7.2 per cent gain in the benchmark Nifty50

CBI files charge sheet against Aluminex, IOB staff in Rs 300 cr fraud case

The CBI Tuesday filed a charge sheet against Parekh Aluminex Ltd (PAL) and its director, besides some officials of Indian Overseas Bank (IOB) in an alleged bank fraud case worth Rs 297.80 crore

IOB puts Jai Balaji Industries' Rs 187-cr NPA account up for sale

The bank said this is the first lot of non-performing asset accounts to be sold during the ongoing quarter of the current financial year.

Indian Overseas Bank to issue 182 million shares under ESPS scheme

The lender said that the issue price, including premium, is determined by the committee of directors

Government infuses Rs 1,100 cr capital into Indian Overseas Bank

Chennai-based Indian Overseas Bank (IOB), which has been going through tough time due to increasing NPAs, to get Rs 1,100 crore from the Government of India, which is the major shareholder in the Bank. The development comes after the Government has achieved the parameters set by the Government to turn around the back.Sources in the Bank said that the Ministry of Finance has communicated to that the bank that Rs 1,100 crore has been allocated to the Bank as part of turnaround linked capital infusion plan. It may be noted, the Bank was expecting around Rs 1550 crore from the Centre, but the amount was reduced since the capital was redistributed to IDBI.The Government has acknowledged that the Bank is taking right steps and put in place right strategies to turnaround the Bank, that is why they have allocated the additional capital, said an official from the Bank.IOB's net loss in 2015-2016 was Rs 2,897.33 crore. Net loss during the nine months period ended December 31, 2016 was Rs ...