Latest News on Indian Overseas Bank
Showing of 0 - 10 from 70 results
Indian Overseas Bank - Total results - 70
Mar 11, 2019
Moody's upgrades ratings of Central Bank, IOB to Ba2; both banks likely to achieve common equity tier 1 of over 8%Array
Mar 05, 2019
RBI imposes Rs 11 crore fine on 4 banks for non-compliance in Swift operationsPost the PNB fraud, which came to light in February 2018, the RBI has been tough on banks to tighten all kind of their transactions.
Feb 20, 2019
Govt announces Rs 48,239 cr recapitalisation plan for 12 public sector banksThe finance ministry on Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans
Feb 01, 2019
RBI lifts lending curbs on Bank of India, Bank of Maharashtra, Oriental Bank of Commerce; move to expand loan growthEight public sector banks—Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Central Bank of India, Indian Overseas Bank and Dena Bank—still remain under PCA framework,
Dec 28, 2018
RBI governor Shaktikanta Das meets private sector bankers; discusses liquidity issuesAt the past two meetings held between RBI and state- run banks, Das had deliberated on the prompt correction action framework.
Dec 14, 2018
RBI board meeting with new governor Shaktikanta Das gets under way; to discuss contentious issuesUnlike the last meet, which lasted for 10 hours, Friday's meeting is likely to get over by afternoon.
Dec 13, 2018
Govt mulls additional Rs 30,000 cr capital infusion in PSBs; several banks' NPA rises during two quartersDespite this relaxation, PSBs need more funds to meet global capital norms called Basel III as the RBI has retained the CRAR at 9 percent.
Oct 26, 2018
Indian Overseas Bank's Q2 net loss narrows at Rs 487 cr on lower provisions; gross NPAs rise to 24.73%In absolute terms, Indian Overseas Bank's gross NPAs rose to Rs 37,109.96 crore as on 30 September, 2018 from Rs 34,708.59 crore by September 2017
Jul 25, 2018
Government's plan to infuse Rs 11,336 cr in five public sector banks is credit positive, says Moody'sThe government will infuse Rs 2,816 crore in Punjab National Bank (PNB), Rs 1,790 crore in Allahabad Bank, Rs 2,019 crore in Andhra Bank, Rs 2,157 crore in Indian Overseas Bank and Rs 2,555 crore in Corporation Bank.
Jul 23, 2018
Punjab National Bank receives Rs 2,816 crore as part of government's capital infusion planThe government has approved capital infusion in five public sector lenders, namely PNB, Allahabad Bank, Andhra Bank, Indian Overseas Bank and Corporation Bank.