Indian Overseas Bank

Banks not probe agencies, can't freeze accounts arbitrarily: Allahabad HC

The Lucknow bench of the Allahabad High Court on Friday expressed displeasure over what it termed a growing tendency of banks to arbitrarily freeze accounts, observing that a bank acts as a trustee and not an investigative agency. A division bench of Justice Shekhar B Saraf and Justice Avadhesh Kumar Chaudhary imposed a cost of Rs 50,000 on Indian Overseas Bank for freezing a customer's account without valid justification, directing that the amount be paid to the account holder within four weeks. The order came while allowing a petition filed by M/s SA Enterprises, a company which deals in fishery machinery. In its plea, the company stated it had received Rs 23 lakh in its bank account through RTGS on January 16, 2026. The bank froze the account citing suspicion as the firm had declared an annual income of Rs 5.76 lakh at the time of opening the account. In its defence, the bank argued that the transaction appeared suspicious and the action was taken under provisions of the Prevent

Plan is to front-load ECL related provisions: Indian Overseas Bank MD & CEO

Indian Overseas Bank plans to front-load ECL provisions while sustaining credit growth, backed by strong retail, MSME, and agriculture lending momentum

Indian Overseas Bank Q4 results: Profit rises 43% to ₹1,505 crore

Indian Overseas Bank reported a 43 per cent rise in Q4 FY26 profit, supported by higher NII and lower provisions, though margins moderated during the quarter

Indian Overseas Bank Q3 net profit up 63% at ₹1,427 crore on higher income

Indian Overseas Bank posted a 63 per cent rise in net profit in the December quarter, supported by higher operating income, strong credit growth and a sharp improvement in asset quality

Govt to use green-shoe option to divest 3% stake in Indian Overseas Bank

The government on Wednesday decided to exercise green shoe option to divest a higher 3 per cent stake in Indian Overseas Bank through offer-for-sale following overwhelming response from investors on the first day of subscription. The OFS of Indian Overseas Bank (IOB) opened for subscription on Wednesday for non-retail investors at a floor price of Rs 34 per share. "Offer for Sale in Indian Overseas Bank received good response from non-retail investors today. "Against about 34.66 cr shares on offer, demand was received for more than 41 cr shares. Government has decided to exercise the green shoe option. Retail investors get to bid tomorrow 18th December 2025," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. The government proposed to sell up to 38.51 crore (38,51,31,796) shares or 2 per cent base offer size with an option to additionally sell 19.25 crore (19,25,65,898) shares, representing 1 per cent of the total issued and

Indian Overseas Bank slips 5% as govt launches up to 3% stake sale via OFS

Government proposes to sell up to 38,51,31,796 shares or 2 per cent of equity on December 17, 2025, for non-retail investors and on December 18, 2025, for retail investors, under the 'Base offer'.

Centre to sell up to 3% stake in Indian Overseas Bank, eyes ₹2,100 crore

The Centre will sell a base tranche of 2 per cent, or about 385.1 million shares, with an option to offload an additional 1 per cent, or 192.5 million shares, through a green shoe option

IOB bets big on M&A financing, moves to address CASA concerns: MD & CEO

We are targeting double-digit growth of 13-15 per cent in the next two years, and in the last two years, we have grown more than that, says IOB MD & CEO

Indian Overseas Bank Q2 result: Profit surges 61% to record ₹1,259 cr

Indian Overseas Bank's quarterly profit jumped 61 per cent to ₹1,258.82 crore, its highest ever, driven by robust interest income, strong lending growth, and lower NPAs

Stocks to watch today, Oct 16: Infosys, Wipro, Axis Bank, Jio Fin, Nestle

Stocks to watch today: Angle One, KEI Industries, Jyoti Structures and KEC International are among other top stocks to track today:

Buy, sell, hold? Trading strategy in PSU bank stocks amid stake sale buzz?

Technical charts flag up to 22% downside risk for PSU bank shares such as Indian Overseas Bank, Uco Bank, Central Bank of India and Punjab & Sind Bank as government stake sale buzz looms.

BoB, IOB slash MCLR: What it means for your home and personal loan EMIs

BoB and IOB have cut MCLR rates for select tenors, offering EMI relief to borrowers, effective mid-September

Four PSBs seek 1-year extension to comply with shareholding norms

As per SEBI norms, listed entities must reduce promoter shareholding to 75 per cent

Indian Overseas Bank confident of maintaining profit of over ₹1K cr: CEO

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

Over 20 NPAs with ₹500 crore outstanding on sale by Punjab & Sind Bank, IoB

Punjab & Sind Bank and Indian Overseas Bank have put up over 20 non-performing accounts (NPAs) for sale, with a total principal outstanding of ₹500 crore, via a Swiss challenge auction

Bank of Maharashtra, UCO Bk, IOB: PSBs rise up to 6% on June 2; here's why

The Nifty PSU Bank index rose as much as 1.96 per cent to hit an intraday high of 7,010.45, with all its constituents trading in the green.

Nifty PSU Bank index surges 3%; SBI, IOB, Canara, Union Bank rally up to 4%

At 01:37 PM; Nifty PSU Bank index, the top gainer among financial indices, was up 2.6 per cent, as compared to 0.25 per cent decline in Nifty 50.

Punjab & Sind Bank, IoB chiefs likely to get extended tenures soon

"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, PNB: Should you buy or sell PSU bank stocks post JSW Steel SC order?

Technical charts indicate a likely mixed outlook for state-run banking shares. Bank of Baroda and IOB stocks seem to be favourably placed, while PNB and Canara Bank may witness downward pressure.

IOB net profit crosses Rs 1K-crore mark for first time; up 35% in Q4

Indian Overseas Bank reports record Q4 net profit of Rs 1,091.94 crore, plans Rs 4,000 crore capital raise in FY26 as asset quality and capital adequacy continue to improve