Clarification sought from Indian Overseas Bank
The Exchange has sought clarification from Indian Overseas Bank with respect to news article appearing on http://www.livemint.com - February 19, 2018 titled "Rotomac owner flees India after taking Rs800 crore loans".The reply is awaited. IOB banks on resolution of NCLT cases to cut swelling NPAs
The public sector bank has a total exposure of Rs 82 billion under NCLT in 24 accounts Announcement under Regulation 30 (LODR)-Newspaper Publication
Further to our letter No.IRC/298/2017-18 dated 13.02.2018 regarding Unaudited (Reviewed) Financial Results of our Bank for the quarter ended 31st December 2017, we enclose Newspaper Publication of the Financial Results published on 14.02.2018, in all editions of the following Newspapers pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015.... Announcement under Regulation 30 (LODR)-Investor Presentation
We refer our letter No.IRC/298/2017-18 dated 13.02.2018 regarding Unaudited (Reviewed) Financial Results of our Bank for the quarter ended 31st December 2017. We, now, enclose Performance Analysis Q3/9 Months - 2017-18 of the Bank, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. The above information may be taken on record. IOB's Q3 loss almost doubles to Rs 9.7 bn on higher NPA provisioning
Indian Overseas Bank (IOB) has reported a net loss of Rs 9.71 billion during the third quarter ended December 2017 as compared to Rs 5.54 billion, a year ago. However sequentially, the loss dropped by 20.56 per cent from Rs 12.22 billion.R Subramaniakumar, Managing Director & CEO, Indian Overseas Bank attributed the loss mainly due to high provision towards NPAs. However, the provisions have reduced by 26.76 per cent over September 2017 and the quantum of reduction in provision made was Rs 6.05 billion quarter on quarter.The Bank needs to provision for its NPA, which is declining, while on the other side the recovery is increasing.As at December 2017, Bank's gross NPA was Rs 332.67 billion crore with a ratio of 21.95 per cent as against Rs 345.02 billion, a year ago with a ratio of 22.42 per cent.There has been a reduction in gross NPA by Rs 14.41 billion during the third quarter as compared to the second quarter (stood at Rs 347.08 billion).Recovery was Rs 30.20 billion for the Regulation 33 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015- Unaudited (Reviewed) Financial Results Of The Bank For The Quarter Ended 31St December 2017
We refer our letter No.IRC/290/2017-18 dated 05.02.2018 and inform that the Unaudited (Reviewed) Financial Results of the Bank for the quarter ended 31st December 2017 was approved by the Board at its meeting held today (i.e., 13.02.2018). The Meeting of the Board of Directors commenced at 10.30 a.m. and concluded at p.m.... Moody's raises IOB, Central Bank of India outlook to positive
Moody's Investors Service has changed the outlook of Central Bank of India and Indian Overseas Bank (IoB) to positive from stable.The positive outlook reflects the possible upward pressure Announcement under Regulation 30 (LODR)-Credit Rating
The International Credit Rating Agency, Moody's Investors Service, Singapore, has changed the Outlook on our Bank and our Hong Kong Branch to POSITIVE from stable while affirming the ratings. Indian Overseas Bank Change in Outlook Outlook for our Bank changed to Positive from Stable Long-term Local and Foreign Currency Bank Deposit Ratings is affirmed at Ba3 and outlook is changed to Positive from stable...
Indian Overseas Bank to raise Rs1,000 crore via QIP, looks to hire investment bankers
Indian Overseas Bank says the amount to be raised is indicative and the issue size may vary, based on the bank's discretion Updates
In terms of Regulations 57(1) of Chapter V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby certified that Interest payment to the Debenture holders of Additional Tier I Bonds (10.00%) due on 04.02.2018 has been released on 05.02.2018, since 04.02.2018 falls on a holiday.