Page 5 - Indian Overseas Bank

RBI approves former IOB chief Subramaniakumar as CEO of RBL Bank

Industry veteran started his career with Punjab National Bank and his new role is for three years.

Indian PSBs plan to exit Hong Kong as strict regulations, Covid woes pinch

State Bank of India (SBI) will likely be the only PSB in Hong Kong, alongside private sector banks ICICI and HDFC

Appointment of managing directors at three PSBs gets govt's approval

The appointments are in line with the recommendations made by the Banks Board Bureau

Govt committed to privatisation of two public sector banks: Report

According to sources, Central Bank of India and Indian Overseas Bank are likely candidates for privatisation

HDFC Bank, Canara Bank, Indian Overseas Bank others raise lending rates

HDFC Bank hiked marginal cost of funds based lending rate (MCLR) by 25 bps across all tenures up to 7.7 per cent, effective May 7

Indian Overseas Bank hikes repo based lending rate to 7.25% from May 10

Several banks have revised their lending rates based on repo and marginal cost of funds

Indian Overseas Bank, Software Technology Park of India ink MoU

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

IOB raises Rs 665 crore via tier-II bonds, exercises green shoe

The lender came up with a Basel-III compliant bond issue with base size of Rs 200 crore and green shoe option of Rs 600 crore

Govt appoints Aggarwal as RBI nominee director in Indian Overseas Bank

With this, Deepak Kumar, nominated by the government as the RBI nominee director, ceases to be a director on the board with effect from Friday, the lender added

IOB Q3 net profit goes up by 113% as provisions decline sharply

The public sector lender's net interest margin declined to 2.4 per cent in Q3FY22 from 2.45 per cent in Q3FY21

Indian Overseas Bank's Q3 net profit more than doubles to Rs 454 cr

The bank, which came out of the RBI's prompt corrective action (PCA) framework in September 2021, is aiming the net profit to touch around Rs 1,600 crore in the current financial year

Shares of IOB, Central Bank of India surge on reports of privatisation

Banks clarify no such negotiation or event taking place

Indian Overseas Bank, Central Bank of India clarify on privatisation buzz

The clarification comes a day after Centre's legislative agenda for Winter Session hinted at tabling of Banking Laws (Amendment) Bill 2021 bill for privatisation of two public sector banks

Raymond, ONGC, IOB: 5 stocks which should not be ignored today

Shares of Raymond Ltd and IOB are showing extreme bullish outlook on the charts

Indian Overseas Bank net profit up 154% to Rs 376 crore in Q2

Total income down marginally by 1% to Rs 5,376 crore; asset quality shows signs of improvement

Indian Overseas Bank second quarter profit jumps to Rs 376 cr

Gross NPAs stood at 10.66 per cent (Rs 15,666 crore), down from 13.04 per cent (Rs 17,660 crore)

PSBs may get capital support in Q4 to meet regulatory requirements

The capital position of banks will be reviewed in the next quarter for infusion requirement

Indian Overseas hits 20% upper limit after RBI relaxes PCA curbs

RBI removed the public sector bank from the PCA framework after six years citing improvement in the bank's financial health

RBI takes Indian Overseas Bank out of Prompt Corrective Action framework

IOB was placed under PCA in October 2015 on account of high net-performing assets and negative Return on Assets (RoA).

RBI removes Indian Overseas Bank from Prompt Corrective Action framework

IOB is not in breach of PCA parameters as per its March quarter earnings, says RBI