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Indian Overseas Bank
Business  /  Published 22.02.20

Close watch on 4 banks: RBI governor Shaktikanta Das

Reserve Bank of India governor Shaktikanta Das has said four banks under the Prompt Corrective Action (PCA) framework are taking efforts and they are being monitored.At present, Indian Overseas Bank ,...
By Reuters in New Delhi

Business  /  Published 17.11.19

BOI, IOB report NPA divergences

State-owned Bank of India and Indian Overseas Bank have reported divergences in their bad loans for the fiscal ended March 2019, resulting into widening of net losses for the year.Chennai-headquartere...
By PTI in New Delhi

Business  /  Published 11.04.19

IDBI cuts lending rates

LIC-owned IDBI Bank on Thursday followed in the footsteps of its peers by reducing lending rates by 5 basis points across most tenors. The revised rates will be effective from Friday.The new one-year ...
By Our Special Correspondent in Mumbai

Business  /  Published 04.01.20

IOB gets Rs 4360cr

Public sector Indian Overseas Bank has received a capital infusion of Rs 4,360 crore from the government, the bank said on Saturday. In a regulatory filing to the stock exchanges, the bank said it has...
By PTI in Chennai

Business  /  Published 07.06.20

Indian Overseas Bank cuts MCLR by up to 30 bps

Public sector lender Indian Overseas Bank has cut marginal cost of funds based lending rate (MCLR) by up to 0.30 per cent across all tenors, which will bring down cost for consumer loans.The benchmark...
By PTI in New Delhi

Business  /  Published 21.10.19

Uco Bank to raise Rs 500 crore

Uco Bank is looking to raise Rs 500 crore through its Basel III compliant tier-2 bonds in a bid to strengthen its capital base.The capital adequacy ratio of the bank stood at 10.88 per cent at the end...
By A Staff Reporter in Calcutta

Business  /  Published 07.07.19

Recap to help weak banks

Hopes have brightened for banks that continue to remain under the RBI’s prompt corrective action (PCA) framework. Union finance minister Nirmala Sitharaman’s Rs 70,000-crore bank recapitalisation ...
By Our Special Correspondent in Mumbai


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