IOB shares down 15%, hitting 11-year low
Shares fell after the bank reported that net loss for the September quarter more than doubled to Rs550.83 crore from Rs245.51 crore in the year-ago period02-11-2015
02-11-2015
Indian Overseas Bank Q2 net loss more than doubles to Rs550.83 crore
Provisions on account of bad loans scaled up 74% to `1,558 crore from a year ago31-10-2015
Announces Q2 results, Results Press Release & Limited Review Report for the Quarter ended September 30, 2015
Indian Overseas Bank has announced the following Unaudited Standalone results for the quarter ended September 30, 2015:The Bank has posted a net loss of Rs. (5508.30) million for the quarter ended September 30, 2015 as compared to net loss of Rs. (2455.10) million for the quarter ended September 30, 2014. Total Income has increased from Rs. 64407.70 million for the quarter ended September 30, 2014 to Rs. 67699.40 million for the quarter ended September 30, 2015.31-10-2015
Revision of Ratings
Indian Overseas Bank has informed BSE regarding Revision of Ratings by ICRA for DEBT Instruments Listed in Wholesale Debt Segment (WDM).28-10-2015
Revision of Ratings
Indian Overseas Bank has informed BSE regarding "Revision of Ratings by CARE for DEBT Instruments Listed in Wholesale Debt Segment (WDM)".20-10-2015
Q2 results on Oct 31, 2015
Indian Overseas Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on October 31, 2015, to consider and approve the Unaudited (Reviewed) Financial Results of the Bank for the Quarter ended September 30, 2015.20-10-2015
Worst not yet over for IOB
Since January 2015, the management has enhanced efforts towards improving the bank's financial health, but the recovery is likely to be gradual13-10-2015
Shareholding Pattern For September 30, 2015
Indian Overseas Bank has informed BSE about the Shareholding Pattern as on September 30, 2015.09-10-2015
IOB stock falls 2.3% after RBI action
Indian Overseas Bank (IOB) scrip was down by 2.3% at Rs 36.50 on Bombay Stock Exchange (BSE) on news that the Reserve Bank of India had placed the Chennai-based public sector lender under "corrective action plan".06-10-2015
Updates
Indian Overseas Bank has informed BSE that Reserve Bank of India has initiated a Prompt Corrective Action on the Bank and that this action will not have any material impact on the growth prospects/performance of the Bank. The directions given by RBI are for improving the internal control of the Bank and for the purpose of consolidation of the activities of the Bank.05-10-2015