Government Transfers EDs Of BoB, IOB
This will be effective from his taking over the charge for the remainder of his term --up to Oct. 20, 2024, or until further orders, whichever is earlier, a government order said.31-01-2024
31-01-2024
INDIAN OVERSEAS BANK - 532388 - Announcement under Regulation 30 (LODR)-Change in Directorate
Intimation under Regulation 30- Change in Directorate30-01-2024
INDIAN OVERSEAS BANK - 532388 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation regarding Loss of Share Certificate30-01-2024
INDIAN OVERSEAS BANK - 532388 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation on Financial Results as on 31.12.202325-01-2024
INDIAN OVERSEAS BANK - 532388 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of financial results for the Quarter ended 31.12.202325-01-2024
Q3FY24 Quarterly Result Announced for Indian Overseas Bank
Indian Overseas Bank announced Q3FY24 results: Total Business increased to Rs 4,94,209 crore as of December 31, 2023, from Rs 4,32,530 crore as of December 31, 2022. Total Deposits improved to Rs 2,78,046 crore as of December 31, 2023, as against Rs 2,57,480 crore as of December 31, 2022. CASA of the Bank increased to Rs 1,20,915 crore at 43.49 % as of December 31, 2023, against Rs 1,14,591 crore at 44.50% as of December 31, 2022. Gross Advances stood at Rs 2,16,163 crore as of December 31, 2023, as against Rs 1,75,050 crore as of December 31, 2022. Operating Profit stood at Rs 1,780 crore as of December 31, 2023, as against Rs 1,540 crore as of December 31, 2022. Net profit for Q3FY24 improved to Rs 723 crore as against Rs 555 crore for Q3FY23. Total Income for Q3FY24 is Rs 7,437 crore as against Rs 6,006 crore for Q3FY23. Interest Income stood at Rs 6,176 crore for Q3FY24 as against Rs 5,056 crore for Q3FY23. . NPA Management: Gross NPA as of December 31, 2023, stood at Rs 8,441 crore with a ratio of 3.90 % as against Rs 14,333 crore with a ratio of 8.19% as of December 31, 2022. GNPA has reduced both in quantum and as a percentage of Gross Advances (YoY). Total Cash Recovery for December 2023 was Rs 327 crore as against Rs 460 crore in December 2022. Net NPA as of December 31, 2023, stood at Rs 1,303 crore with a ratio of 0.62% as against Rs 4,000 crore with a ratio of 2.43% as of December 31, 2022, thus reducing Net NPA by Rs 2,697 crore in absolute terms. Provision Coverage Ratio stood at 96.85% as of December 31, 2023, against 91.34% as of December 31, 2022. Average Cost of Deposit is 4.82% as of December 31, 2023, as against 4.10% as of December 31, 2022. Average Yield on Advances stood at 8.88% as of 31.12.2023 as against 8.43% as of December 31, 2022. Net Interest Margin stood at 3.12% as of December 31, 2023, as against 3.27% as of December 31, 2022. Credit Deposit Ratio is 77.74% as of December 31, 2023, as against 67.99% as of December 31, 2022. Result PDF24-01-2024
IOB Q3 results: Net profit rises 30% to 723, income increases to 7,437 crore YoY
The Chennai-based lender had earned a net profit of 555 crore in the same quarter a year ago.24-01-2024
INDIAN OVERSEAS BANK - 532388 - Statements Of Deviation And Variation For The Quarter Ended December 31 , 2023
Statement of Deviation and Variation for thequarter ended December 31, 202324-01-2024
INDIAN OVERSEAS BANK - 532388 - Compliances-Reg. 54 - Asset Cover details
Security Cover Certificate for quarter ended December 31, 202324-01-2024
INDIAN OVERSEAS BANK - 532388 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
PRESS RELEASE FOR THE QUARTER ENDED 31.12.202324-01-2024