Indian Overseas Bank registers 30.27 pct year-on-year rise in net profit

Public sector Indian Overseas Bank on Wednesday reported 30.27% year-on-year rise in net profit at Rs 723 crore for October-December quarter (Q3) of the current financial year 2023-24.

IOB Q3 net profit moves up by 22 pct

New Delhi: The Indian Overseas Bank has recorded a 22 percent rise in net profit for the third quarter of Financial Year 2022-23 (FY23) at Rs 555 crore.

Indian Overseas Bank to raise Rs 1,000 cr through QIP route; to focus on capital-light and rated accounts

Chennai/Kolkata: Public sector lender Indian Overseas Bank (IOB) is looking to raise up to Rs 1,000 crore under Common Equity Tier (CET) through qualified institutional placements (QIP) to boost profitability, bank's MD and CEO Partha Pratim Sengupta said.

Indian Overseas Bank hikes interest rate on deposits

Chennai-based public sector bank, Indian Overseas Bank, decided to increase the interest rates offered on the medium-term deposits by 05 basis points.

Indian Overseas Bank Q4FY22 net profit up 21.5 YoY to Rs 552 cr; FY22 doubles to Rs 1,709 crore

Kolkata: Public sector lender India Overseas Bank reported a net profit of Rs 552 crore in the quarter ended March 31, 2022, up 21.5 percent YoY compared to Rs 454 crore in the same quarter of FY21.

Indian Overseas Bank reduces interest rate on loans

Chennai/IBNS Chennai based public sector bank, Indian Overseas Bank, consequent to change in Repo rate by RBI, has reduced the repo linked lending rate (RLLR) by 75 bps.

Indian Overseas Bank reduces interest rate on loans

New Delhi, Apr 9 (UNI) Taking a cue from the latest policy measures announced by the Reserve Bank of India and to support growth of economy, the Indian Overseas Bank has reduced its interest rate on loans by 5 basis points in one year and above tenors effective April 10, 2019.