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IOB
IOB News
Indian Overseas Bank
10 Jan 2023
Indian Overseas Bank hikes MCLR rates from today, check latest rates here
Indian Overseas Bank said that Interest Rate of Loans for Overnight Tenor MCLR and One Month MCLR Shall be Sanctioned Only by the Top Management at Central Office. It also further clarified that Discretion to Sanction Overnight and One Month MCLR is not Available with Any Other Functionaries.
Fixed Deposit
13 Apr 2022
FD investors, ALERT! Bank slashes fixed deposit interest rates by 0.40%
IOB's decision has come at a time when most banks are increasing interest rates offered on term deposits. Investors will now earn interest at a 3 per cent rate on FDs maturing between 7 to 45 days. FD investments with a maturity period of 46 to 90 days will now fetch returns at 3.50 per cent.
Indian Overseas Bank
25 Feb 2022
Govt appoints Vivek Aggarwal as RBI nominee director in Indian Overseas Bank
The government, vide notification dated February 25, has appointed Vivek Aggarwal, as an RBI nominee director in Indian Overseas Bank.
IOB
22 Jul 2021
Planning to buy property? Here’s how you can purchase house for cheap
All potential investors will have to create their accounts on the bank’s website. You have to verify your details with your mobile number and email-id. Bidders will have also to comply with the KYC norms of the bank.
Axis Bank
05 Mar 2018
RBI slaps penalty of Rs 3 crore on Axis Bank, 2 crore on Indian Overseas Bank
Axis Bank attracted fine for flouting NPA norms and state-run Indian Overseas Bank for KYC breach.
Indian Overseas Bank
29 Jul 2017
IOB goes live with Bharat Bill Payment system
BBPS is an integrated bill payment system that offers inter-operable online bill payments to customers.
Bullion market
07 Apr 2016
IOB to sell 'Indian Gold Coin' on Gudi Padwa in Mumbai
The Indian Overseas Bank (IOB) will sell the 'Indian Gold Coin' at its branches in the city tomorrow on the occasion of 'Gudi Padwa'.
Indian Overseas Bank
25 Mar 2016
IOB starts distribution of Indian Gold Coins
State-owned Indian Overseas Bank (IOB) has become the first lender to start distribution of recently launched Indian Gold Coins (IGC)
Indian Overseas Bank
31 Oct 2015
Indian Overseas Bank Q2 net loss widens to Rs 550.83 crore
Public sector lender Indian Overseas Bank on Saturday reported a net loss of Rs 550.83 crore for the second quarter ending September 30, 2015.
Indian Overseas Bank
08 May 2015
Indian Overseas Bank Q4 profit plunges 87%
Indian Overseas Bank sufferd net loss for the financial year to end-March at Rs 454.33 cr.
Moody's
03 Mar 2015
Moody's downgrade Central Bank, IOB on low govt funding
Rating agency Moody's Tuesday downgraded state-run lenders Central Bank of India and Indian Overseas Bank's local and foreign currency deposit ratings, anticipating low level of support from the government to these banks.
Apollo Munich
19 Feb 2015
Apollo Munich ties up with IOB for customised product offering
Apollo Munich will offer customized products with sum insured ranging from Rs 3 lakh to Rs 10 lakh to IOB's customers, it said.
Indian Overseas Bank
31 Jan 2015
IOB to raise Rs 1000 cr to augment additional Tier-1 capital
Public sector Indian Overseas Bank plans to raise Rs 1,000 crore to augment the additional Tier-I capital and also to strengthen its overall capital.
IOB
26 Dec 2014
CBI chargesheets IOB branch manager for cheating bank
The CBI has filed a charge sheet against a Gujarat-based branch manager of Indian Overseas Bank (IOB) and three others for allegedly cheating the bank to the tune of Rs 2.5 crore.
Moody's
26 Nov 2014
Moody's cuts IOB financial strength rating on higher bad loans
The Chennai-headquartered bank reported a sharp increase in gross non performing assets at 7.35 percent for September quarter as against 5.84 percent in the year-ago period.
IOB
30 Jul 2014
IOB to raise $500 million through overseas bond sale
The bank has already received approval to raise up to USD 1 billion from its board.
Indian Overseas Bank
26 Jul 2014
Indian Overseas Bank Q1 Net zooms over 2-fold to Rs 271.72 crore
Public sector Indian Overseas Bank has reported over two-fold jump in net profit for the first quarter ended June 30, 2014 at Rs 271.72 crore.
IOB
12 Jun 2014
IOB seeks Rs 3,500 crore capital support from govt
The bank has also requested Ministry of Finance for the dilution of their shareholding in the bank.
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