Iob: Latest News and Updates, Top Stories, Videos, Photos About Iob

Indian Overseas Bank (IOB) Hikes Fixed Deposit (FD) Rates By 30 Bps

Indian Overseas Bank (IOB), a public sector lender, raised the interest rates on its fixed deposits of less than Rs 2 Cr. The bank released this notification on November 15th. In response to the adjustment, the bank hiked interest rates by ...

IOB, Bank of Baroda Raise MCLR Rates, By Up To 0.10 Pc

Bank of Baroda and Indian Overseas Bank have raised their MCLR rates by up to 0.10 per cent, which will make most loans costlier for the customers. Indian Overseas Bank has revised upwards the MCLR rates by 0.10 per cent across ...

RBI Removes IOB From PCA Framework; Shares Hit 20% Upper Circuit

The share price of Indian Overseas Bank (IOB) hit 20% upper circuit after the Reserve Bank of India (RBI) relaxed the curbs and removed the bank from the Prompt Corrective Action (PCA) framework. On the BSE, the stock increased by 20% to ...

Nifty PSU Bank Recoup's Previous Day's Losses; IOB, Central Bank Gain UpTo 20%: Here's Why

After opening weak, Indian benchmark indices towards the afternoon session recouped all of the early morning losses and traded flat with a negative bias. Nifty was last trading down by 16 odd points at 15667. Bank Nifty traded higher and broader ...

Indian Overseas Bank announced the launch of its retail loans on digital platform

Indian Overseas Bank (IOB) declared the introduction of its retail loans, namely Clean Loan, Consumption Loans-Sahayika, Educational Loans-VidyaJyoti, Vidya Jyothi, Vehicle Loans - Phushpaka, Commercial Cash Credit Against Jewellery and IOB Passion, on its digital channel on Thursday. IOB's retail loans ...

PNB, IOB Slash Lending Rates By 75 Bps

On Tuesday, state-run banks Punjab National Bank (PNB) and Indian Overseas Bank announced lowering of their lending rates pegged to the repo rate by as much as 75 bps. One bps is one-hundredth of a percentage point. The new rates will ...

Govt Raises Authorised Capital Of Indian Overseas Bank

The Government of India increased the authorised capital of Indian Overseas Bank (IOB) by Rs 10,000 crore to Rs 25,000 crore. The public sector lender in a stock exchange filing on Friday said that the Central Government after consultation with the ...

Govt To Infuse Rs 4,360 Crore Into Indian Overseas Bank

On Friday, Indian Overseas Bank said that the government will be infusing Rs 4,360 into the public-sector lender for the current financial year to meet the regulatory requirement. "We wish to inform that the Bank has received vide letter doted 26.12.2019 ...

Private Some State-Run Banks Like SBI To Function During 2-Day Bank Strike

Bank employees unions have joined the two-day Bharat Bandh and the move is likely to disrupt banking services across the country over the two day period starting today i.e. January 8. Several state-run bank branches may be closed today as employees ...

Spectacular rally in govt banking stocks as investors bet on Modi revival

Investors bet big on PSU banking stocks which surged in trade as investors bought heavily on hopes that Narendra Modi led NDA would revive the PSU banks with capital infusion and economic growth. Canara Bank rallied 14 per cent, while ...

Shares in PSU banking stocks soar as IOB reports stellar numbers

Shares in PSU banking stocks rallied sharply up to 14 per cent, after PSU Bank, Indian Overseas Bank (IOB) reported a stellar set of quarterly numbers. Indian Overseas Bank rallied as much as 14 per cent, while Allahabad Bank and ...

Quick look at Floating rate term deposits of Indian Overseas Bank

Floating rate term deposits as the title specifies are a one-of-its kind investment instrument offering floating rate of interest. This variant of fixed deposit has been introduced in the recent years following the Finance Ministry advice. The special feature of the ...

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