Indian Overseas Bank posts Rs1,450.50 crore quarterly loss
Indian Overseas Bank (IOB) saw a fifth of its loans turn bad in the June quarter; Gross NPAs as a ratio of gross advances were 20.48% at the end of June09-08-2016
09-08-2016
Announces Q1 results (Standalone), Limited Review Report (Standalone) & Results Press Release for the Quarter ended June 30, 2016
Indian Overseas Bank has announced the following Unaudited Standalone results for the quarter ended June 30, 2016:The Bank has posted a net loss of Rs. (14505.00) million for the quarter ended June 30, 2016 as compared to net profit of Rs. 147.60 million for the quarter ended June 30, 2015. Total Income has decreased from Rs. 66721.10 million for the quarter ended June 30, 2015 to Rs. 58684.40 million for the quarter ended June 30, 2016.09-08-2016
Buy Indian Overseas Bank, target Rs 30.7: Jay Thakkar
Buy Indian Overseas Bank at a price target of Rs 30.7 and a stop loss at Rs 26.705-08-2016
Q1 results on August 09, 2016
Indian Overseas Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on August 09, 2016, to consider and approve the Unaudited (Reviewed) Financial Results of the Bank for the Quarter ended June 30, 2016 (Q1).03-08-2016
Poor performance in view, Indian Overseas Bank to get half of allocated capital
When the finance ministry had announced Rs 22,915 crore capital to 13 banks, it had noted that 25% of this amount will be disbursed based on performance.29-07-2016
Appointment of Director
Indian Overseas Bank has informed BSE that Central Government vide its Notification dated July 26, 2016 has nominated SHRI K RAGHU as Part-time Non-official Director under Chartered Accountant category on the Board of Directors of the Bank for a period of three years, with effect from July 26, 2016.27-07-2016
Change in Directorate
Indian Overseas Bank has informed BSE that Central Government vide its Notification dated July 22, 2016 has nominated Ms. Annie George Mathew, Joint Secretary, Department of Expenditure, as Government Nominee Director in place of the existing Government Nominee Director Dr. Alok Kumar Pandey, with effect from July 22, 2016.26-07-2016
Proposed All India Strike on July 29, 2016 - Call given by United Forum of Bank Unions (UFBU)
Indian Overseas Bank has informed BSE that the members of UFBU to go country-wide strike on July 29, 2016 opposing the Banking reform initiatives of the Government.Hence, the operation in Company's branches and offices will be affected partially or fully in case the above strike materializes.25-07-2016
IOB, Central Bank to gain from capital infusion: Moody's
Indian Overseas Bank and Central Bank of India will benefit from the Government's recent capital infusion as they have got a higher share as a proportion of their share capital, Moody's said today.T...25-07-2016
Updates on Outcome of AGM
Indian Overseas Bank has submitted to BSE a copy of the Proceedings of the Annual General Meeting of the Bank held on July 18, 2016.22-07-2016