PAC asks Indian Overseas Bank and Indian Bank to explain bad debts
The CEOs of the banks have been asked to appear before the next PAC meeting scheduled for February 27 in Chennai, the city where the two banks have their headquarters.21-02-2017
21-02-2017
Former Exim Bank chief appointed as IOB Chairman
Indian Overseas Bank (IOB) has a new non-executive Chairman in T C A Ranganathan, former Chairman and Managing Director of Exim Bank of India. He has been appointed as non-executive Chairman of...17-02-2017
NPAs part of biz but these have to be under control: R Subramaniakumar
IOB's gross and net NPAs were the highest during the quarter ended December, at 22.4%13-02-2017
IOB keen to ramp up retail book
Aims to grow retail portfolio to 20% of overall lending by March 2018, says ED Subramania Kumar05-02-2017
Demission of Office
Indian Overseas Bank has informed BSE that Shri R Sampath Kumar, Workmen Employee Director of the Bank, completed his term on January 23, 2017 and demitted office.30-01-2017
IOB cuts losses to 554 cr
Better operating profit helps the bank reduce losses by 61% in Q325-01-2017
Indian Overseas Bank Q3 loss nearly halves to Rs554.44 crore
Indian Overseas Bank reports net interest income of Rs1,334.76 crore in the December quarter, marginally lower than Rs1,348 crore a year earlier24-01-2017
Announces Q3 results (Standalone), Limited Review Report (Standalone) and Press Release for the Quarter ended December 31, 2016
Indian Overseas Bank has announced the following results for the quarter ended December 31, 2016:The Un-audited Standalone results for the Quarter ended December 31, 2016The Bank has posted a net (loss) of Rs. (5544.40) million for the quarter ended December 31, 2016 as compared to Rs. (14250.60) million for the quarter ended December 31, 2015. Total Income has decreased from Rs. 64457.80 million for the quarter ended December 31,...24-01-2017
NRIs to campaign in Punjab elections
NRIs to campaign in Punjab electionsDaljit Singh Sahota, the Indian Overseas Congress (UK) president, said the NRIs from UK would be travelling to India to participate in the elections.21-01-2017
Q3 results on Jan 24, 2017
Indian Overseas Bank has informed BSE that a meeting of the Board of Directors of the Bank would be held on January 24, 2017, to consider and approve the Unaudited (Reviewed) Financial Results of the Bank for the Quarter ended December 31, 2016 (Q3).18-01-2017