Indian Overseas Bank

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INDIAN OVERSEAS BANK NEWS

The country’s largest lender, SBI has reduced its MCLR by 5 bps across tenors, effective August 15.

SBI, Bank of Baroda and Indian Overseas Bank reduce MCLR

August 15, 2025 9:58 pm

Introduced on April 1, 2016, MCLR is the minimum interest rate below which banks and non-banking finance companies (NBFCs) cannot lend.

MCC NEET UG Counselling 2025: Committee extends choice filling window till today

Indian Overseas Bank Recruitment 2025: Registration begins for 750 vacancies at iob.in; exam on Aug 24

August 11, 2025 9:56 am

Indian Overseas Bank Recruitment 2025: Eligible candidates can apply through the bank’s official website at iob.in. The recruitment examination is scheduled for August 24, 2025.

IOB to sell 92 NPA accounts having Rs 13,472 cr loan outstanding

May 05, 2024 10:34 pm

The public sector lender invited expressions of interest (EoI) from asset reconstruction Companies (ARCs) and other eligible transferees by May 13 to participate in the auction process.

Market capitalisation of PSU banks rises by up to 91% in Q3

October 05, 2023 9:37 pm

S&P said India's banks, especially the state-owned lenders, have improved their key performance metrics in recent quarters, preparing them better for a challenging global environment.

Indian Overseas Bank shares hit 20% upper circuit on being removed from RBI's PCA framework

September 30, 2021 11:02 am

Indian Overseas Bank share price: The Indian Overseas Bank (IOB) scrip jumped 20 per cent to Rs 24.60 per share on the BSE, while on the National Stock Exchange (NSE), it surged 19.80 per cent to Rs 24.50.

IOB out of PCA watchlist

September 30, 2021 10:07 am

The lender has also apprised the RBI of the structural and systemic improvements that it has put in place, which would help the bank in continuing to meet these commitments.

Indian Overseas Bank reports net profit of Rs 148 crore in Q2 as bad assets decline

November 06, 2020 5:59 pm

Total income rose 8.1 per cent to Rs 5,431 crore during the quarter under review as against Rs 5,024 crore in the same quarter of 2019-20, Indian Overseas Bank (IOB) said in a regulatory filing.

Indian Overseas Bank back in black, posts Rs 143.79 crore net profit in Q4

June 25, 2020 5:32 pm

Indian Overseas Bank (IOB) had posted a net loss of Rs 1,985.16 crore during January-March quarter of preceding fiscal ended March 2019.

IOB Q3 loss at Rs 6,075 crore as provisioning for bad loans more than triples

February 11, 2020 3:46 am

Its total income during the December 2019 quarter also fell to Rs 5,197.94 crore from Rs 5,688.59 crore in the year-ago quarter, IOB said in a regulatory filing.

IOB gets fresh capital of Rs 4,360 cr

December 28, 2019 8:47 am

The total income had declined by 6 per cent to Rs 5,024 crore as compared to Rs 5,348.35 crore, even as provisions had gone up to Rs 2,996.04 crore during the quarter from Rs 2,016.60 crore in the same quarter last year.