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Govt to infuse Rs 5,393 cr in SBI; IOB, UBI to also get funds

Last Updated: Tuesday, August 25, 2015, 23:28

Country's largest lender SBI Tuesday said it will issue equity shares on preferential basis to the government for capital infusion of Rs 5,393 crore.

Indian Overseas Bank Q1 net down 94.56% at Rs 14.76 crore

Last Updated: Saturday, July 25, 2015, 15:32

Indian Overseas Bank (IOB) today reported 94.56 percent decline in net profit at Rs 14.76 crore for the quarter ended June 30, 2015, compared to the same period last year, on sharp increase in provisioning for bad loans.

CBI charge sheets company of cheating bank by Rs 102.45 cr

Last Updated: Monday, June 29, 2015, 21:00

CBI has charged a Gurgaon-based businessman with cheating Indian Overseas Bank of Rs 102.45 crore by submitting forged bills of iron ore exports.

Indian Overseas Bank Q4 profit plunges 87%

Last Updated: Friday, May 8, 2015, 17:19

Indian Overseas Bank sufferd net loss for the financial year to end-March at Rs 454.33 cr.

Moody's downgrade Central Bank, IOB on low govt funding

Last Updated: Tuesday, March 3, 2015, 17:51

Rating agency Moody's Tuesday downgraded state-run lenders Central Bank of India and Indian Overseas Bank's local and foreign currency deposit ratings, anticipating low level of support from the government to these banks.

Apollo Munich ties up with IOB for customised product offering

Last Updated: Thursday, February 19, 2015, 21:06

Apollo Munich will offer customized products with sum insured ranging from Rs 3 lakh to Rs 10 lakh to IOB's customers, it said.

IOB to raise Rs 1000 cr to augment additional Tier-1 capital

Last Updated: Saturday, January 31, 2015, 16:33

Public sector Indian Overseas Bank plans to raise Rs 1,000 crore to augment the additional Tier-I capital and also to strengthen its overall capital.

CBI chargesheets IOB branch manager for cheating bank

Last Updated: Friday, December 26, 2014, 19:22

The CBI has filed a charge sheet against a Gujarat-based branch manager of Indian Overseas Bank (IOB) and three others for allegedly cheating the bank to the tune of Rs 2.5 crore.

Sebi exempts govt from making open offer to IOB shareholders

Last Updated: Wednesday, December 18, 2013, 15:49

Once the government purchases these shares, its stake in IOB will rise by little over 5 percent to 79.01 percent.

Indian Overseas Bank to raise Rs 350 cr through QIP

Last Updated: Monday, December 16, 2013, 14:56

State-owned Indian Overseas Bank (IOB) on Monday said its board has approved to raise Rs 350 crore through Qualified Institutional Placement (QIP).

Indian Overseas Bank offers higher NRE term deposit rates

Last Updated: Saturday, November 23, 2013, 23:43

"Indian Overseas Bank has increased the interest rates under NRE Term Deposits for period of 3 years and above from 9.00 percent to 9.50 percent with effect from November 23", a bank statement said.

IOB net profits dips 16.3% to Rs 132.55 crore in 2Q

Last Updated: Friday, October 25, 2013, 15:13

Public sector Indian Overseas Bank has reported a 16.3 percent dip in its net profits for the second quarter ending September 30 at Rs 132.55 crore.