Indian Overseas Bank

Bank of Maharashtra gets govt mandate to collect donations for PM CARES Fund; contributions to get I-T Act exemption

One can also remit contributions directly by electronic clearing system (ECS) to the designated savings bank account of Bank of Maharashtra.

PNB, IOB cut lending rates by 75 bps effective today; PSBs to pass on repo rate cut benefit to their customers

State-owned banks Punjab National Bank (PNB) and Indian Overseas Bank on Tuesday announced a reduction in their lending rates linked to the repo rate by 75 basis points, effective 1 April

Coronavirus Outbreak: Banks announce special emergency loan products, credit lines for customers

Public sector banks with about 80 percent of banking operation have taken steps to ensure the safety of its staff and uninterrupted banking services to customers.

Indian Overseas Bank Q3 net loss widens to Rs 6,075 cr on higher bad loan provisioning

State-owned Indian Overseas Bank (IOB) has reported widening of its net loss to Rs 6,075.49 crore during the third quarter ended December 2019, owing to higher provisioning for bad loan

DHFL set to restart lending operations soon, company gets creditors' panel nod to lend Rs 500 cr per month

The RBI-appointed administrator of beleaguered DHFL admitted close to Rs 4,800 crore of claims submitted by fixed deposit holders of the company.

Indian Overseas Bank to receive fresh capital infusion of Rs 4,360 cr from govt this financial year

Indian Overseas Bank has reported widening of net loss to Rs 2,253.64 crore for the quarter ended September 30, 2019.

Allahabad Bank shares jump 11% on fresh capital infusion; lender to receive Rs 2,153 cr from govt this financial year

Allahabad Bank had not featured in the list of banks that were approved a total fresh capital infusion of Rs 55,250 crore, as announced on August 30 by the government.

Indian Overseas Bank shares plummet over 14% after lender's Q2 net loss widens to Rs 2,254 cr

Shares of Indian Overseas Bank on Tuesday plummeted over 14 percent after the company reported widening of its net loss for the second quarter ended 30 September

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper

About half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month

Most banks fail on policies of climate change, human rights; inaction leaves sector vulnerable to investment risks: Report

As per the Fair Finance Guide India scorecard, three out of eight Indian banks have scored high on parameters of financial inclusion and corruption.