INDIAN OVERSEAS BANK - 532388 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation Regarding Loss of Share Certificate28-02-2023
28-02-2023
INDIAN OVERSEAS BANK - 532388 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation (Revised) for Quarter ending 31.12.202223-02-2023
INDIAN OVERSEAS BANK - 532388 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation Regarding Loss of Share Certificate22-02-2023
INDIAN OVERSEAS BANK - 532388 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation Regarding Loss of Share Certificate18-02-2023
Indian Overseas Bank launches electronic bank guarantee scheme
Public sector Indian Overseas Bank has launched the facility of issuance of e-BG (Electronic Bank Guarantee) scheme in association with the National e-Governance Services Ltd, the bank said on Wednesday. The e-BG is an instrument issued by the city-headquartered bank in which the bank undertakes to guarantee a specific amount against the non-fulfillment of some action/performance of the applicant. The main features of the e-BG are completely paperless mode with digital stamping and digital signature. Real time issuance of e-BG would make it available for the beneficiary instantly leading to time saving which in turn would fast track all the business purpose for which it is issued, the bank said. "Our bank is one of the pioneer in launching the Bank Guarantee through digital mode. As on date only few banks have the facility of issuance of e-BG," Indian Overseas Bank said in a statement here. Following the path to achieve vision mission statement 2021-2026 to provide best banking...15-02-2023
INDIAN OVERSEAS BANK - 532388 - Announcement under Regulation 30 (LODR)-Investor Presentation
Analysts Presentation for Quarter ending 31 December 202210-02-2023
INDIAN OVERSEAS BANK - 532388 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Intimation reagrding Newspaper Publication of Financial results for the Quarter Ending 31.12.202210-02-2023
IOB posts 555 crore profit in Q3, asset quality continues to improve
he gross NPA ratio fell to 8.19 per cent from 10.40 per cent in the year-ago quarter09-02-2023
Q3FY23 Quarterly Result Announced for Indian Overseas Bank
Indian Overseas Bank announced Q3FY23 results: Q3FY23: Total business stood at Rs 4,32,530 crore in Q3FY23, as against Rs 4,34,441 crore in Q3FY22. Total deposits stood at Rs 2,57.480 crore in Q3FY23, as against Rs 2,61,728 crore in Q3FY22. CASA of the bank is Rs 1,14,591 crore at 44.75% in Q3FY23, as against Rs 1,11,924 crore at 42.76% in Q3FY22. Gross advances stood at Rs 1,75,050 crore in Q3FY23, as against Rs 1,72,713 crore in Q3FY22. Operating profit in Q3FY23 stood at Rs 1,540 crore, as against Rs 1,494 crore in Q3FY22. Net profit for Q3FY23 stood at Rs 555 crore, as against Rs 501 crore in Q3FY22. Total income for the quarter ended December 31, 2022, is Rs 6,006 crore, as against Rs 5,852 crore in Q3FY22. Interest income stood at Rs 5,056 crore in Q3FY23, as against Rs 4,718 crore in Q2. Non-interest income stood at Rs 950 crore in Q3FY23, as against Rs 1,135 crore in Q3FY22. NPA MANAGEMENT: Gross NPA as of Q3FY23 stood at Rs 14,333 crore with a ratio of 8.19%, as against Rs 14,726 crore with a ratio of 8.53% in Q3FY22. GNPA has reduced both in quantum and as a percentage of Gross Advances (QoQ). Reduction in NPA for the quarter ended December 2022 stood at Rs 393 crore Total cash recovery for December 2022 was Rs 460 crore, as against Rs 494 crore in September 2022. Net NPA in Q3FY23 stood at Rs 4,000 crore with a ratio of 2.43%, as against Rs 4,148 crore with a ratio of 2.56% in Q3FY22, thus reducing NPA by Rs 148 crore in absolute terms. Provision coverage ratio stood at 91.34%, as against 90.94% in Q3FY22. Bank has made required provisioning in advances in specific accounts to improve Net NPA. 9MFY23: Total business stood at Rs 4,32,530 crore in 9MFY23, as against Rs 3,95,434 crore in 9MFY22. Total deposits stood at Rs 2,57,480 crore in 9MFY23, as against Rs 2,47,118 crore in 9MFY22. CASA of the bank stood at 44.75% in 9MFY23, as against 42.53% in 9MFY22. Total CASA has increased from Rs 1,05,105 crore in 9MFY22 to Rs 1,14,591 crore in 9MFY23. Gross advances stood at Rs 1,75,050 crore in 9MFY23, as against Rs 1,48,316 crore in 9MFY22. The bank has evolved a policy of not taking fresh exposures in stressed sectors, below hurdle-rated accounts, and BB and below-rated accounts. The bank has also exited from accounts in the stressed sectors, wherever feasible. Operating profit for the quarter ended 9MFY23 was Rs 1,540 crore, as against Rs 1,461 crore for the quarter ended 9MFY22, an increase of Rs 79 crore. Net profit for the quarter ended 9MFY23 stood at Rs 555 crore, against net profit of Rs 454 crore for the quarter ended 9MFY22. Total income for quarter ended 9MFY23 stood at Rs 6,006 crore, as against Rs 5,317 crore for the corresponding period last year. Interest income stood at Rs 5,056 crore for the quarter ended 9MFY23, as against Rs 4,198 crore for the quarter ended 9MFY22. Non-interest income stood at Rs 950 crore for the quarter ended 9MFY23, as against Rs 1,19 crore for the quarter ended 9MFY22. NPA MANAGEMENT: Gross NPA as on December 31, 2022, stood at Rs 14.333 crore with a ratio of 8.19%, as against Rs 15,426 crore with a ratio of 10.40% in 9MFY22. GNPA has reduced both in quantum and as a percentage of Gross Advances (YoY). Total cash recovery for December 2022 was Rs 460 crore, as against Rs 412 crore in 9MFY22. Net NPA reduced to Rs 4,000 crore i.e. 2,43% for the quarter ended Dec 31, 2022, as against Rs 3,587 crore ie. 2.63% in 9MFY22. The NPA reduced by 0.20% YoY. Provision coverage ratio stood at 91.34% as on December 31, 2021. Result PDF09-02-2023
INDIAN OVERSEAS BANK - 532388 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Performance Highlights for December 202209-02-2023