Latest News on Iob
Showing of 0 - 10 from 16 results
Iob - Total results - 16
Oct 31, 2018
SBI halves daily ATM withdrawal to Rs 20,000: The bank has done the right thing; the move will discourage use of cashBanks in India must dismantle ATMs and simultaneously install more and more swiping machines for their trade customers. It will be a win-win for both.
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
Jun 14, 2018
Hong Kong branches of PNB, IOB under supervisory oversight as capital ratio slip below RBI normsHong Kong-based branches of Punjab National Bank and Indian Overseas Bank have been put under enhanced supervisory oversight and barred from proactively soliciting customer deposits by the Hong Kong Monetary Authority as the capital adequacy ratio of the two lenders fell below the regulatory requirements
May 22, 2018
CBI chargesheet in PNB fraud: Usha Ananthasubramanian may have facilitated the continuance of scam, but how did it begin in the first place?The problem is that the PNB case is seen in isolation even now by investigators.
Feb 15, 2018
Bad loan mess: New RBI rules stoke fears of more NPAs tumbling out of the closetUnder the new process, the RBI requires banks to figure out plans to resolve debts of defaulters with 20 billion rupees ($311 million) or more in outstanding debt by 1 September, or take them to bankruptcy court.
Jan 09, 2018
Indian Overseas Bank says it will use Rs 6,978.94 crore share premium money to offset lossesThe bank is only “setting off” not “writing off” its losses.
Feb 10, 2016
IOB Q3 net loss widens to Rs 1,425 cr on mounting bad loansIndian Overseas Bank (IOB) today reported widening of net loss to Rs 1,425.06 crore for the December quarter on the back of higher provisioning against bad loans.
Nov 27, 2015
FinMin to set up high-level panel to tackle bank NPAsArray
Nov 24, 2015
Bank NPAs: The rot runs deeper and the only solution is more radical reformsIt doesn’t make sense for the government to run banks for the simple reason that it doesn’t have the fiscal ability to continue feeding the capital-starved lenders
Sep 02, 2015
Day-long strike affects clearing business at banksWhile clearing business was affected across the country, banks have fully stocked the ATM machines.