Indian Overseas-bank

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Indian Overseas-bank - Total results - 90
IOB, Bank of Maharashtra cut lending rates; personal, car and home loan EMIs to become cheaper
Business

IOB, Bank of Maharashtra cut lending rates; personal, car and home loan EMIs to become cheaper

State-owned Indian Overseas Bank and Bank of Maharashtra on Wednesday announced a reduction in their marginal cost of funds based lending rate (MCLR)

Bank of Maharashtra gets govt mandate to collect donations for PM CARES Fund; contributions to get I-T Act exemption
Business

Bank of Maharashtra gets govt mandate to collect donations for PM CARES Fund; contributions to get I-T Act exemption

One can also remit contributions directly by electronic clearing system (ECS) to the designated savings bank account of Bank of Maharashtra.

PNB, IOB cut lending rates by 75 bps effective today; PSBs to pass on repo rate cut benefit to their customers
Business

PNB, IOB cut lending rates by 75 bps effective today; PSBs to pass on repo rate cut benefit to their customers

State-owned banks Punjab National Bank (PNB) and Indian Overseas Bank on Tuesday announced a reduction in their lending rates linked to the repo rate by 75 basis points, effective 1 April

Coronavirus Outbreak: Banks announce special emergency loan products, credit lines for customers
Business

Coronavirus Outbreak: Banks announce special emergency loan products, credit lines for customers

Public sector banks with about 80 percent of banking operation have taken steps to ensure the safety of its staff and uninterrupted banking services to customers.

Indian Overseas Bank Q3 net loss widens to Rs 6,075 cr on higher bad loan provisioning
Business

Indian Overseas Bank Q3 net loss widens to Rs 6,075 cr on higher bad loan provisioning

State-owned Indian Overseas Bank (IOB) has reported widening of its net loss to Rs 6,075.49 crore during the third quarter ended December 2019, owing to higher provisioning for bad loan

DHFL set to restart lending operations soon, company gets creditors' panel nod to lend Rs 500 cr per month
Business

DHFL set to restart lending operations soon, company gets creditors' panel nod to lend Rs 500 cr per month

The RBI-appointed administrator of beleaguered DHFL admitted close to Rs 4,800 crore of claims submitted by fixed deposit holders of the company.

Indian Overseas Bank to receive fresh capital infusion of Rs 4,360 cr from govt this financial year
Business

Indian Overseas Bank to receive fresh capital infusion of Rs 4,360 cr from govt this financial year

Indian Overseas Bank has reported widening of net loss to Rs 2,253.64 crore for the quarter ended September 30, 2019.

Allahabad Bank shares jump 11% on fresh capital infusion; lender to receive Rs 2,153 cr from govt this financial year
Business

Allahabad Bank shares jump 11% on fresh capital infusion; lender to receive Rs 2,153 cr from govt this financial year

Allahabad Bank had not featured in the list of banks that were approved a total fresh capital infusion of Rs 55,250 crore, as announced on August 30 by the government.

Indian Overseas Bank shares plummet over 14% after lender's Q2 net loss widens to Rs 2,254 cr
Business

Indian Overseas Bank shares plummet over 14% after lender's Q2 net loss widens to Rs 2,254 cr

Shares of Indian Overseas Bank on Tuesday plummeted over 14 percent after the company reported widening of its net loss for the second quarter ended 30 September

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper
Business

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper

About half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month

Most banks fail on policies of climate change, human rights; inaction leaves sector vulnerable to investment risks: Report
Business

Most banks fail on policies of climate change, human rights; inaction leaves sector vulnerable to investment risks: Report

As per the Fair Finance Guide India scorecard, three out of eight Indian banks have scored high on parameters of financial inclusion and corruption.

RBI places Lakshmi Vilas Bank under prompt corrective action; directors probed for alleged fraud
Business

RBI places Lakshmi Vilas Bank under prompt corrective action; directors probed for alleged fraud

The Lakshmi Vilas Bank on Saturday received shareholders' approval to raise up to Rs 1,000 crore by issuance of securities

Jet Airways crisis: NCLT asks grounded airline's lenders to release lifeline funds within 15 days
Business

Jet Airways crisis: NCLT asks grounded airline's lenders to release lifeline funds within 15 days

The RP of Jet Airways had moved NCLT on 20 September seeking directions to the lenders, who own 51 percent in the airline since March, to release interim funds.

Financial Intelligence Unit slaps over Rs 15 cr fine on Punjab National Bank for violating money laundering rules
Business

Financial Intelligence Unit slaps over Rs 15 cr fine on Punjab National Bank for violating money laundering rules

The FIU move against Punjab National Bank is significant because it is based on inspection and review of the Bank during April 2016-November 2017, which covers the crucial months before and after demonetisation that was announced on 8 November 2016

Indian Overseas Bank narrows net loss to Rs 342 cr in June quarter on lower provisioning for bad loans
Business

Indian Overseas Bank narrows net loss to Rs 342 cr in June quarter on lower provisioning for bad loans

State-owned Indian Overseas Bank (IOB) on Tuesday reported narrowing of its net losses to Rs 342.08 crore in the first quarter ended 30 June

Narendra Modi 2.0: Why landslide mandate, right conditions make it perfect time for govt to kick-start weak PSBs’ sell-off
Business

Narendra Modi 2.0: Why landslide mandate, right conditions make it perfect time for govt to kick-start weak PSBs’ sell-off

To give a perspective, of the 18 PSBs now, at least eight have gross NPAs above 15 percent of their total advances. This means Rs 15 out of every Rs 100 they have lent have gone bad.

Indian Overseas Bank Q4 loss narrows to Rs 1,985 crore on reduction in bad loans and provisioning
Business

Indian Overseas Bank Q4 loss narrows to Rs 1,985 crore on reduction in bad loans and provisioning

Total income during the quarter was down at Rs 5,473.92 crore from Rs 5,814.42 crore in the year-ago period, the bank said in a regulatory filing

Ten public sector banks in the dock for Antrix Diamond’s over Rs 450 cr NPA case; pre-sanction appraisal of firm not carried out
Business

Ten public sector banks in the dock for Antrix Diamond’s over Rs 450 cr NPA case; pre-sanction appraisal of firm not carried out

The company has filed a bankruptcy application with NCLT Mumbai, which has put a moratorium on any action by creditors against Antrix Diamond Exports till corporate insolvency resolution or approval of resolution plan by the bench.

Indian Overseas Bank eyes to raise Rs 850 cr in FY19-20 through sale of non-core assets
Business

Indian Overseas Bank eyes to raise Rs 850 cr in FY19-20 through sale of non-core assets

Public sector Indian Overseas Bank on Monday plans to raise about Rs 850 crore during the current financial year through the sale of non-core assets, to augment capital

PNB, Bank of Baroda, Union Bank, two other PSU lenders get capital infusion of Rs 21,428 crore from govt
Business

PNB, Bank of Baroda, Union Bank, two other PSU lenders get capital infusion of Rs 21,428 crore from govt

The capital infusion will be by way of preferential allotment of equity shares of the bank during 2018-19, as government's investment, Bank of Baroda said