Indian Overseas Bank
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Dussehra special offer: This bank waives minimum balance charges for savings account holders
October 02, 2025 12:32 ISTIndian Overseas Bank has announced a waiver on penalty charges for savings account holders who fail to maintain the minimum average balance. The decision is expected to benefit millions of customers. The bank said the move is part of its focus on financial inclusion and hassle-free banking.
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Open savings account online: This bank allows customers to open account with Aadhaar OTP - Details
February 18, 2025 12:29 ISTOpen savings account online: Customers can upgrade their accounts within a year through face-to-face KYC.
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Fresh blow to Vijay Mallya: SEBI bars fugitive liquor baron from securities trading for 3 years
Business | July 26, 2024 22:09 ISTThe Securities Exchange Board of India (SEBI) has barred fugitive liquor baron Vijay Mallya from trading in India's securities market for three years. SEBI also froze Mallya's existing holdings, including units of mutual funds.
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Central Bank, IOB stocks hit record high after privatisation buzz
Business | June 22, 2021 12:25 ISTAccording to reports, the government has picked CBI and IOB for divestment. The government is likely to amend the Banking Regulations Act and other related laws to facilitate the planned divestment.
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Bank fraud! CBI files chargesheet against 24 accused for alleged loss of over Rs 297 crore to variou
Business | December 29, 2020 21:31 ISTThe Central Bureau of Investigation (CBI) has today filed a chargesheet before Special Judge for CBI cases, Mumbai against 24 accused including a private company based at Mumbai, its director, Chartered Accountant, then officials of Indian Overseas Bank, Directors/proprietor of associated companies/firms etc for causing an alleged loss of Rs 297.80 crore (approx) to the bank.
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4 persons looted nearly Rs 56 lakhs from Indian Overseas Bank in Agra
News | December 16, 2020 12:01 ISTAround four persons looted nearly Rs 56 lakhs from Indian Overseas Bank (IOB) in UP's Agra.
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Indian Overseas Bank seeks about Rs 1,000 crore capital support from govt
Business | November 08, 2020 11:31 ISTIndian Overseas Bank (IOB) has sought a capital support of about Rs 1,000 crore from the government in order to create buffer for any exigency, a top official of the bank said.
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Good News! PNB, Indian Overseas Bank, Union Bank of India cut MCLR; loans to get cheaper
Business | April 01, 2020 10:37 ISTState-owned banks Punjab National Bank (PNB) and Indian Overseas Bank on Tuesday announced reduction in their lending rates linked to the repo rate by 75 basis points, effective April 1. This follows last week's decision by the RBI to cut the repo rate by 75 bps.
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Bank of India, IOB report NPA divergences; losses widen for FY19
Business | November 17, 2019 15:08 ISTState-owned Bank of India and Indian Overseas Bank have reported divergences in their bad loans for the fiscal ended March 2019, resulting into the widening of net losses for the year. Chennai-headquartered Indian Overseas Bank has reported a net non-performing asset (NPA) divergence of Rs 358 crore for 2018-19, due to which the divergence in provisioning came in at Rs 2,208 crore, according to a regulatory filing by the bank.
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Indian Overseas Bank shares plummet over 14 per cent on Q2 loss
Business | November 05, 2019 11:33 ISTThe bank had registered a net loss of Rs 487.26 crore in the corresponding quarter of the previous financial year. In the first quarter of the current financial year, it had posted a net loss of Rs 342 crore.
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IOB logs Rs 516 crore net loss and growth in NPA
February 05, 2015 19:07 ISTChennai: Government-owned lender Indian Overseas Bank (IOB) on Thursday reported a whopping net loss of Rs.516 crore for the quater ended Dec 31, 2014 as against a net profit of Rs.75 crore earned for corresponding
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Govt appoints MD and CEO of four public sector banks
December 31, 2014 17:33 ISTNew Delhi: The Centre today appointed the managing director and CEO of four public sector banks, while separating the post of Chairman from the post of MD and CEO.R. Koteeswaran, executive director of Bank of
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Indian Overseas Bank Q1 net zooms over 2-fold to Rs 271.72 cr
July 27, 2014 12:01 ISTChennai: Public sector Indian Overseas Bank (IOB) has reported over two-fold jump in net profit for the first quarter ended June 30, 2014 at Rs 271.72 crore.The city-based bank had reported net profits of Rs
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Maldives assures protection to lenders' money: IOB
December 08, 2012 13:56 ISTMumbai, Dec 8: The Maldives government has given a comfort letter to Indian Overseas Bank, which has USD 25- million exposure to GMR Group's Male airport project, assuring safety of lenders' funds, a top bank
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Reliance MF in distribution tie-up with Indian Overseas Bank
September 13, 2012 19:10 ISTMumbai, Sept 12: Reliance Mutual Fund, a part of Reliance Capital, today said it has entered into a distribution tie-up with Indian Overseas Bank (IOB).As per the agreement, IOB will sell Reliance MF products through
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Banks In India Should Aim For 20 Percent Growth, Says Chidambaram
March 18, 2012 16:25 ISTKaraikudi, Mar 18: Union Home Minister P Chidambaram on Sunday said banks in India should aim at a 20 per cent annual growth rate.“Banks needed to grow faster. They should grow by 20 per cent
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