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.
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.
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.
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.
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.
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.
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.
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.
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.
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.