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Indian Overseas Bank News

Indian Overseas Bank

07 Jul 2024

Indian Overseas Bank Launches Upgradation Facility On Savings Scheme

Indian Overseas Bank has launched a new service enabling customers to access their loan account statements directly through the Digilocker application or website under its move to expand the service.

Indian Overseas Bank

21 Nov 2023

Indian Overseas Bank Revises FD Rates --Check Latest Interest Rates, Tenor

IOB said that Interest rate for Senior Citizen aged 60 and above, will fetch an additional Interest rate of 0.50 percent.

Punjab National Bank

05 Mar 2023

Rs 177 Debited From Your PNB, IOB Account? Know Why Bank Deducted This Money

PNB, IOB Saving Account Debit Cards Charges: A debit card is popularly known as an ATM card and can be used for withdrawing cash from ATM machines, shopping and making online payments.

Indian Overseas Bank

10 Jan 2023

Indian Overseas Bank hikes MCLR rates from today, check latest rates here

Indian Overseas Bank said that Interest Rate of Loans for Overnight Tenor MCLR and One Month MCLR Shall be Sanctioned Only by the Top Management at Central Office. It also further clarified that Discretion to Sanction Overnight and One Month MCLR is not Available with Any Other Functionaries.

Indian Overseas Bank

10 Dec 2022

IOB fixed deposit interest rate hiked; Check revised rates, return calculator

The IOB now offers an FD rate of up to 7.3 per cent to the depositors for a tenure of 444 days and up to 7.25 per cent for a period of three years and above. Foreign currency depositors shall be paid an interest rate of up to 4.25 per cent by opening FCNR (B) term deposits with the bank. The bank said that the interest rate for IOB Tax Saver Deposit shall be at 6.5%.

Indian Overseas Bank

06 Nov 2022

Indian Overseas Bank posts 33.2% jump in Q2 net at Rs 501 crore

Indian Overseas Bank has recorded a 33.2 per cent jump in its net profit at Rs 501 crore The bank registered net profit at Rs 376 crore during the corresponding period last year. For the half year ending September 30, 2022 the net profit surged to Rs 893 crore from Rs 703 crore last year.

Indian Overseas Bank

12 Sep 2022

THIS bank increases interest rate on FDs; check new rate, policy terms

RBI hiking the repo rate in tranches. IOB has increased the interest rate on FDs. The new rule will come into effect from September 13.

10 Sep 2022

IOB, Bank of Baroda raise MCLR rates by up to 0.10 %

Bank of Baroda and Indian Overseas Bank have raised their MCLR rates by up to 0.10 per cent. Benchmark 1-year tenor marginal cost of funds based lending rate (MCLR) has been revised to 7.75 per cent. Bank of Baroda's one-year MCLR will be priced at 7.80 per cent.

13 Apr 2022

FD investors, ALERT! Bank slashes fixed deposit interest rates by 0.40%

IOB's decision has come at a time when most banks are increasing interest rates offered on term deposits. Investors will now earn interest at a 3 per cent rate on FDs maturing between 7 to 45 days. FD investments with a maturity period of 46 to 90 days will now fetch returns at 3.50 per cent.

Indian Overseas Bank

25 Feb 2022

Govt appoints Vivek Aggarwal as RBI nominee director in Indian Overseas Bank

The government, vide notification dated February 25, has appointed Vivek Aggarwal, as an RBI nominee director in Indian Overseas Bank.

12 Jul 2021

IBPS Clerk Recruitment 2021: Registration starts,know details & steps to apply

The Institute of Banking Personnel Selection (IBPS) has released notification for the recruitment of clerks at nationalized banks such as Central Bank of India, Indian Bank, Indian Overseas Bank, etc.

bank privatisation

27 Jun 2021

Crucial meeting on bank privatisation: THESE 2 banks are probable candidates

The panel also examined issues pertaining to the protection of interests of workers of banks which are likely to be privatised. Central Bank of India and Indian Overseas Bank are reported to be probable candidates for privatisation. The government last year consolidated 10 public sector banks into four.

bank privatisation

09 Jun 2021

THESE state-owned banks may be picked for privatisation, VRS mooted for staff

Finance Minister Nirmala Sitharaman while unveiling Budget 2021-22 on February 1 had announced that the government proposed to take up the privatisation of two public sector banks (PSBs) and one general insurance company.

bank privatisation

16 Feb 2021

Have a/c in THESE 4 banks shortlisted for privatisation? Is your money safe?

The shortlist has not previously been reported. Govt considering mid-sized to small banks. First round of privatisation to test waters.

bank privatisation

16 Feb 2021

THESE 4 banks shortlisted for privatisation: Details inside

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget FY 2021-22 in Parliament announced that government has approved a policy of strategic disinvestment of public sector enterprises that will provide a clear roadmap for disinvestment in all non-strategic and strategic sectors.

bank privatisation

16 Feb 2021

Modi govt's big move! Four state-run banks shortlisted for privatisation

The shortlist has not previously been reported. Govt considering mid-sized to small banks. First round of privatisation to test waters.

31 Mar 2020

Banks grant 3-month moratorium to customers on payment of EMI, interest

Leading banks like Indian Overseas Bank, Indian Bank, UCO Bank, Canara Bank, Punjab & Sind Bank, Syndicate Bank and the IDBI Bank took to Twitter to inform their customers that have provided a three-month moratorium on payment of EMIs, interest on loans. terms loans etc.

Indian Overseas Bank

10 May 2019

Indian Overseas Bank Q4 loss narrows to Rs 1,985 crore

The public sector lender reported a loss of Rs 3,606.73 crore during January-March, 2017-18.

Indian Overseas Bank

29 Mar 2019

IOB receives shareholders nod for Rs 3,806 crore capital infusion

Indian Overseas Bank recorded a net loss of Rs 346 crore for the quarter ending December 31, 2018. It was down 64 percent from Rs 971 crore in the year ago period.

PSBs fund infusion

27 Nov 2018

Govt to infuse Rs 42,000 cr in PSU banks by March

The government earlier this year pumped Rs 11,336 crore in five PSBs -- PNB, Allahabad Bank, Indian Overseas Bank, Andhra Bank and Corporation Bank -- to improve their financial health.

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