Page 7 - Indian Overseas Bank

Indian Overseas Bank Q3 profit at Rs 213 cr vs Rs 6,075 cr year-ago loss

Lender has said that it plans to come out of Prompt Corrective Action by focusing on recovery, low cost deposits and less capital consuming advances

CBI books six Indian Overseas Bank officials for misappropriating money

The CBI has booked six officials of the Indian Overseas Bank in Andhra Pradesh's Vijaywada and Guntur

IOB posts PBT of Rs 125 cr in Q1 against Rs 330 cr loss a year ago

Lender said it is in a position to come out of Prompt Corrective Action since NPAs have come down drastically and the bank has started reporting profit

Indian Overseas Bank Q1 profit at Rs 121 crore on fall in bad loans

Indian Overseas Bank on Thursday posted a net profit of Rs 121 crore for June quarter 2020 mainly due to fall in bad loans.

Efforts to cut bad loans to come out of PCA framework: Indian Overseas Bank

IOB, which is under the Reserve Bank of India's PCA framework, had last posted profit in June 2016

Partha Pratim Sengupta appointed new MD, CEO of Indian Overseas Bank

His appointment will be up to date of attaining the age of superannuation, December 31, 2022, or until further orders, whichever is earlier, it added

Indian Overaseas Bank back in black with pre-tax profit of Rs 83 crore

With this, the bank has met the final parameter to come out from the Reserve Bank of India's Prompt Corrective Action (PCA) framework, which was imposed in 2015.

Indian Overseas Bank cuts MCLR by 30 bps, to bring down interest on loans

IOB reduced its interest rate on loans linked to MCLR by 30 basis points in overnight tenor and by 20 bps in one month to one year tenors

All for liquidity: Watch every rupee, chase dues, and refinance debt

Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs

IOB to collect donations for PM Cares Fund to combat coronavirus crisis

The contributions can be made by RTGS, NEFT, IMPS, cheques and demand drafts drawn in favour of PM-Cares Fund.

Indian Overseas Bank plans to raise funds through FPO in next fiscal

The banks NIM is currently at about 1.94 per cent and is expected to touch two per cent during the current quarter

IOB to focus on MSME, will increase lending to Rs 50,000 cr: Official

Laying more focus on MSME segment, IOB would increase its lending to the sector from the present Rs 31,000 cr to Rs 50,000 cr in a couple of years from now.

IOB expects to be profitable in Q4 FY20 after being in red for four years

In third-quarter results announced earlier this week, the bank said it plans to come out of PCA by focusing on recovery, low-cost deposits and less capital-consuming advances.

IOB Q3 loss widens almost 10-fold to RS 5,901 cr on massive provisioning

Fresh slippage at Rs 1,647.82 cr; year-ago loss was Rs 609 cr

IOB Q3 net loss widens to Rs 6,075 cr on higher bad loan provisioning

The bank had registered a net loss of Rs 346.02 crore during the corresponding October-December period of 2018-19

DHFL posts net loss of Rs 6,640 crore; interest income declines 34%

DHFL is the first financial services firm undergoing bankruptcy proceedings after the Centre notified the law on Nov 15

Indian Overseas Bank gets Rs 4,360 cr from Centre for meeting norms

In a regulatory filing to the stock exchanges, the bank said it has received the amount as contribution of the government in preferential allotment of equity shares during FY20 as govt's investment

Indian Overseas Bank receives Rs 4,360-cr capital infusion from govt

In August 2019, the Finance Ministry had announced capital infusion of Rs 3,800 crore which was later increased by Rs 560 crore

Top headlines: Rs 4,360 cr capital boost for IoB; good news for pensioners

The labour ministry will enforce the retirement fund body EPFO's decision to restore pension commutation, or advance part-withdrawal, under the Employees' Pension Scheme from January 1, 2020

Govt approves infusion of Rs 4,360 cr in IOB; UCO Bank gets Rs 2,142 cr

In August, the finance ministry had announced a capital infusion of Rs 3,800 crore in the state-owned lender. This has now been increased by Rs 560 crore