Iob
IOB Q3 profit rises 30% to Rs 723 cr, expects 13-14% credit growth in FY25
State-run lender's asset quality improves, has 'tight grip' on slippages
 "IOB Q3 profit rises 30% to Rs 723 cr, expects 13-14% credit growth in FY25")
Stock of this PSB has nearly doubled in 2 months; m-cap nears Rs 1 trillion
The stock of the public sector bank (PSB) touched Rs 51, its highest level since March 2015, on improved operating performance
 "Stock of this PSB has nearly doubled in 2 months; m-cap nears Rs 1 trillion")
Indian Overseas Bank allows customers to use any name as account number
Public sector lender says the scheme is the first of its kind in the banking industry
Indian Overseas Bank hikes term deposit interest rates up to 45 bps
FCNR(B)/RFC depositors will get an interest rate up to 5 per cent on their term deposits
Indian Overseas Bank to revise rates on retail term deposits from Thursday
Public sector Indian Overseas Bank would increase the interest rates on its retail term deposits up to 60 basis points with effect from November 10, the city-based bank said on Wednesday. With the revision in interest rates, domestic and non-resident depositors would get a hike of up to 7.15 per cent for deposits with period of 444 days, three years and above. Term deposits for tenure of 270 days to one year and one year to three years, the interest rates have been increased by 60 basis points, the bank said in a statement here.
IOB, Bank of Baroda raise MCLR rates by up to 0.10%, makes loan costly
Bank of Baroda and Indian Overseas Bank have raised their MCLR rates by up to 0.10 per cent, which will make most loans costlier for the customers. Indian Overseas Bank has revised upwards the MCLR rates by 0.10 per cent across tenors, making consumer loans costlier from Saturday. The benchmark 1-year tenor marginal cost of funds based lending rate (MCLR) has been revised to 7.75 per cent against the existing rate of 7.65 per cent. This will impact car, personal and home loans. The two and three-year MCLRs have been hiked by a similar margin to 7.80 per cent each. Among others, the overnight MCLR will cost 7.05 per cent, while one month at 7.15 per cent. The three and six-month MCLRs are up at 7.70 per cent each. The revised MCLRs will come into effect from September 10, 2022, Indian Overseas Bank said in a regulatory filing. Bank of Baroda's one-year MCLR will be priced at 7.80 per cent against 7.70 per cent, the bank said in a regulatory filing. The six-month MCLR will be up
 "IOB, Bank of Baroda raise MCLR rates by up to 0.10%, makes loan costly")
SBI, Canara, Bank of Baroda plan to raise Rs 7,500 crore through AT-1 bonds
IOB also likely to tap debt capital market, say sources, though quantum of fund-raising being planned isn't clear
 "SBI, Canara, Bank of Baroda plan to raise Rs 7,500 crore through AT-1 bonds")
Indian Overseas Bank, Software Technology Park of India ink MoU
'This MoU will help the bank in leveraging innovation through the financial technologies engaged under the FinBlue initiative,' the statement said
Nifty PSU sets sight on a new 52-wk high; 5 stocks that can rally up to 25%
After nine long years, the MACD on monthly chart for Indian Overseas Bank has crossed the zero line
 "Nifty PSU sets sight on a new 52-wk high; 5 stocks that can rally up to 25%")
Stocks to watch: ZEEL, Indian Overseas Bank, Blue Dart, Persistent Systems
The Reserve Bank on Wednesday removed Indian Overseas Bank (IOB) from the Prompt Corrective Action Framework
 "Stocks to watch: ZEEL, Indian Overseas Bank, Blue Dart, Persistent Systems")
IOB surpasses PNB, BoB to become the second most-valued listed PSB
In the past one month, the stock price of IOB has zoomed 57 per cent as compared a 4 per cent decline recorded by PNB and a 5 per cent gain in BOB share price
IOB expects resolution of NPAs worth Rs 18,000 cr in 2nd half of FY21
On the back of resolution and pick up in advances, the bank aims to bring down the gross NPAs below 10 per cent mark by March.
 "IOB expects resolution of NPAs worth Rs 18,000 cr in 2nd half of FY21")
Indian Overseas Bank surges 21% in 2 days post Q4 results, hits 52-wk high
The bank reported a net profit of Rs 144 crore in Q4FY20 as against a net loss of Rs 1,985 crore in Q4FY19.
 "Indian Overseas Bank surges 21% in 2 days post Q4 results, hits 52-wk high")
Top headlines: Rs 4,360 cr capital boost for IoB; good news for pensioners
The labour ministry will enforce the retirement fund body EPFO's decision to restore pension commutation, or advance part-withdrawal, under the Employees' Pension Scheme from January 1, 2020
IOB reports Rs 2,262-cr divergence in provisioning for bad loans in FY19
The bank had earlier reported NPA provisions of Rs 18,647.23 crore for 2018-19, while the RBI assessment pegged the provisioning at Rs 20,909.23 crore
IOB reports Rs 2,262-cr divergence in provisioning for bad loans in FY19
The bank had earlier reported NPA provisions of Rs 18,647.23 crore for 2018-19, while the RBI assessment pegged the provisioning at Rs 20,909.23 crore
IOB Q2 loss widens to Rs 2,250 crore from Rs 712 crore a year ago
Total income down 6% to Rs 5,024 crore; bad loans shrink
IOB puts Jai Balaji Industries' Rs 187-cr NPA account up for sale
The bank said this is the first lot of non-performing asset accounts to be sold during the ongoing quarter of the current financial year.
Indian Overseas Bank to e-auction over 500 properties worth Rs 800 crore
The properties are spread across seven centres comprising Chennai, Coimbatore, Mumbai, Kolkata, Delhi, Bengaluru and Hyderabad
Will establish IOB as bank focused on South India: MD and CEO Karnam Sekar
In a Q&A, the bank's chief also dwells the strategies to trim down the lender's non-performing assets
 "Will establish IOB as bank focused on South India: MD and CEO Karnam Sekar")
