A V Rajwade: A tale of two banks
The experiences of HBOS and Indian Overseas Bank show that often loans make money for the lender in the initial years but losses come later when they turn bad06-01-2016
06-01-2016
IOB to shut a few regional offices as part of revamp, alleges Vaiko
MDMK leader alleges bias against southern regional offices, sats much smaller offices in the north are left untouched06-01-2016
Revision of Ratings
Indian Overseas Bank has informed BSE regarding "Revision of Ratings by Brickwork Ratings for Basel III CompliantAT1 Perpetual Bonds".06-01-2016
Indian Overseas Bank to raise Rs1,570 crore through public offer
The bank plans to raise capital by issue of equity shares to the public not exceeding 517.9 mn shares of face value of `10 each at appropriate premium12-12-2015
Capital Raising Plans of Indian Overseas Bank
Indian Overseas Bank has informed BSE that the Bank's Board, at its meeting held on December 12, 2015, had approved that the Bank may proceed, based on the approval of Shareholders at the AGM held on June 30, 2015, to raise capital by issue of equity shares to the public not exceeding 51.79 crore shares of face value of Rs 10 each at appropriate premium.12-12-2015
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Indian Overseas Bank has submitted the disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 201111-12-2015
S&P; says slippages from IOB's recast debt book to continue
Affirms bank's ratings; maintains stable outlook27-11-2015
What went wrong at Indian Overseas Bank
Aggressive lending, irresponsible expansion, a leader with a big appetite for risk and lack of proper systems to recover bad loans27-11-2015
Revision of Ratings
Indian Overseas Bank has informed BSE regarding 'Revision of Ratings by CRISIL for Debt Instruments Listing in Wholesale Debt Segment (WDM)'.17-11-2015
Revision in Ratings
Indian Overseas Bank has informed BSE regarding Revision in Ratings of IOB by M/s. Moody's Investors Service.12-11-2015