IOB gets new executive director
The Centre has appointed R Subramania Kumar as Executive Director of Indian Overseas Bank. Prior to this appointment, Kumar was Executive Director of Indian Bank.30-09-2016
30-09-2016
Revision of Ratings
Indian Overseas Bank has informed BSE regarding "Revision of Ratings by Brickwork Ratings for Basel III Compliant AT1 perpetual Bonds".29-09-2016
Outcome of EGM
Indian Overseas Bank has submitted to BSE a copy of Proceedings of the Extraordinary General Meeting (EGM) of the Bank held on September 15, 2016 alongwith Scrutinizer Report.16-09-2016
EGM on Sept 15, 2016
Indian Overseas Bank has informed BSE that the Extra Ordinary General Meeting (EGM) of the Bank will be held on September 15, 2016.01-09-2016
Proposed All India Strike on September 02, 2016
Indian Overseas Bank has informed BSE that the members of All India Bank Employees' Association (AIBEA), Bank Employees Federation of India (BEFI), Indian National Bank Employees Federation (INBEF), All India Bank Officers Association (AIBOA), All India Bank Officers Confederation (AIBOC) and Indian National Bank Officers' Congress (INBOC) proposed to go on strike on September 02, 2016 in support of their various issues and demands....31-08-2016
IOB to conduct EGM to allot shares worth Rs 1,551 crore to GoI
The central government has recently announced an allocation of Rs 3,101 cr by way of preferential allotment of equity to the bank16-08-2016
Outcome of Committee Meeting (EGM on Sept 15, 2016)
Indian Overseas Bank has informed BSE that the Committee of Directors in its meeting held on August 16, 2016 approved convening of Extraordinary General Meeting (EGM) of the shareholders of the Bank on September 15, 2016 to issue equity shares of face value of Rs.10 each to Government of India on preferential basis, aggregating to Rs.1,551 crore, subject to applicable Regulatory provisions.16-08-2016
Change in Directorate
Indian Overseas Bank has informed BSE that Shri Pawan Kumar Bajaj, Executive Director of the Bank demitted office on August 09, 2016 on his elevation as Managing Director & Chief Executive Officer of United Bank of India.12-08-2016
Committee Meeting on August 16, 2016
Indian Overseas Bank has informed BSE that a meeting of Committee of Directors of the Bank will be held on August 16, 2016, inter alia, to consider and approve the raising of Equity Capital by way of Preferential Issue to the Government of India at a price to be determined in terms of SEBI (ICDR) Regulations and also for fixing the date of the Extra Ordinary General Meeting (EGM) for obtaining shareholders' approval for the same.10-08-2016
IOB, UCO Bank tumble up to 6% on Q1 losses, huge GNPAs
Shares of IOB tumbled 5.12 per cent to hit a low of Rs 25.90 on BSE. The bank had hit a 52-week low of Rs 21.10 in February this year.10-08-2016