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Wednesday, October 20, 2021

Indian Overseas Bank

INDIAN OVERSEAS BANK NEWS

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.

Indian Overseas Bank shares surge 14 per cent on fresh capital infusion of Rs 4,360 crore

December 27, 2019 5:00 pm

In a filing to the stock exchanges on Friday, IOB said that the Government of India sanctioned the release of Rs 4,360 crore towards its investment in the preferential allotment of equity shares (Special Securities/Bonds) of the bonk during the financial year 2019-20.

Indian Overseas Bank net loss widens to Rs 2,254 crore in Sept quarter

November 05, 2019 5:59 am

Total income declined 6 per cent to Rs 5,024 crore, against Rs 5,348.35 crore in the year-ago period.

Indian Overseas Bank Q4 net loss narrows 45 per cent to Rs 1,985.16 crore

May 10, 2019 4:11 am

The bank has attributed the loss to increased provisions on NPAs and fraud accounts especially due to backdating of NPAs — with one big account being declared as fraud.

Recovery rate of NPA write-offs falling, UCO Bank draws a blank

April 17, 2018 7:09 am

Banks typically write off NPAs after four years for fully provisioned accounts. However, banks continue to pursue various recovery steps to get back whatever portion of their loan outstanding they can from the borrowers.