Updates
Indian Overseas Bank has informed BSE that the auditors have issued an audit report with an unmodified opinion for the Financial Year 2015/16.27-05-2016
27-05-2016
Outcome of Board Meeting - Augment of Capital
Indian Overseas Bank has informed BSE that the Board of Directors of the Bank at its meeting held on May 27, 2016, has considered and approved the following:1. To issue equity shares to a maximum extent of 78.82 crore shares at Rs. 10/- each with appropriate premium as determined by SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, by way of Follow-on Public Offer or Qualified Institutions Placement or issue of shares...27-05-2016
Indian Overseas Bank carries on the trend, shows Rs 936 crore loss for Q4
Indian Overseas Bank's provisions against bad loans or loans which are not being repaid on time have jumped to Rs 2,666 crore from Rs 986 crore a year ago.27-05-2016
Outcome of Board Meeting
Indian Overseas Bank has informed BSE that the Board of Directors of the Bank at its meeting held on May 27, 2016, inter alia, has transacted the following :The Board of Directors of the Bank, based on net loss for the year 2015-16, do not consider any dividend for the shareholders, for the Financial Year 2015-16, subject to Government of India approval.27-05-2016
Announces Q4 & FY16 Results (Standalone) & Results Press Release for the period ended March 31, 2016
Indian Overseas Bank has announced the following results for the quarter & year ended March 31, 2016:The Audited Standalone results for the Quarter ended March 31, 2016The Bank has posted a net loss of Rs. (9361.90) million for the quarter ended March 31, 2016 as compared to net profit of Rs. 355.00 million for the quarter ended March 31, 2015. Total Income has decreased from Rs. 67040.30 million for the quarter ended March 31, 2015...27-05-2016
Indian Overseas Bank to issue over 9 crore equity shares
Indian Overseas Bank will issue over 9 crore equity shares to qualified institutional buyers to raise about `261 crore21-05-2016
FY16 results on May 27, 2016
Indian Overseas Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on May 27, 2016, inter alia, to consider and approve, the Audited Financial Results of the Bank for the year ended March 31, 2016 and to recommend Dividend, if any, for the year ended March 31, 2016.21-05-2016
Updates
Indian Overseas Bank has informed BSE that in respect of the issue of Equity Shares to qualified institutional buyers pursuant to the Issue, the Committee of Directors of the Bank, (the Committee), has at its meeting held on May 20, 2016 passed resolutions in connection with the following:(i) authorizing the closure of the Issue on May 20, 2016...21-05-2016
Sell IOB with a target of Ts 27: Mitesh Thacker
The stock has hit a low of Rs 28.65 and high of Rs 29.60 so far. The stock has fallen below its 50-day moving average and is headed towards its 100-day moving average of Rs 28.20-05-2016