Speaking to reporters while announcing the annual financial results of the bank, he said, “We may require an additional capital of nearly Rs 9,500 crore to meet the Basel III requirements.
Public sector Indian Overseas Bank (IOB) has increased interest rates in foreign currency non-resident (Banking) accounts by 175 basis points for deposits of three to five years.
Indian Overseas Bank (IOB) has posted an increase of 21.76 per cent in net profit at Rs 528.81 crore for the quarter ended March 31, against Rs 434.29 crore registered during the year-ago period.
As part of its plans to integrate data from various banks through an automated data flow system, the Reserve Bank of India (RBI) has asked the government-run Indian Overseas Bank (IOB) to migrate from its in-house core banking solution (CBS) to an
Indian Overseas Bank (IOB) has posted an increase of 21.76 per cent in net profit at Rs 528.81 crore for the quarter ended March 31, against Rs 434.29 crore registered during the year-ago period.
Public sector Indian Overseas Bank today reported a 21.76% jump in its net profit for the fourth quarter ending March 31, 2012 at Rs 528.81 crore, compared to the year-ago period.
Public sector lender India Overseas Bank (IOB) today said it is aiming a credit growth rate of 16-18% and a deposit growth rate of 18-20% in the current financial year.
Indian Overseas Bank (IOB) posted a 53 per cent drop in its net profit at Rs 108 crore for the quarter ended December 31, as compared to the corresponding period last year.
Domestic banks will not be as affected as their developed world peers by Basel-III norms and conserving capital will be the key as they look to implement the rules aimed at a stronger financial system, according to bankers and analysts.
In order to facilitate its corporate customers who have been hit by dollar appreciation and slowdown, public sector bank — Indian Overseas Bank is planning to restructure the SME and corporate loans.
Indian Overseas Bank (IOB) posted a marginal increase in net profit for the quarter ended September 30, 2011 to Rs 207.46 crore as against Rs 206.15 crore in the same period last year.
Indian Overseas Bank (IOB) has posted an increase of 0.64 per cent in net profit for the quarter ended September 30 at Rs 207.46 crore as against Rs 206.15 crore in the same period of the previous year.
At a time when banks are reducing the size of their loan books, Chennai-based public lender Indian Overseas Bank (IOB) saw its advances portfolio growing by more than Rs 5,000 crore in the first quarter.
Public sector Indian Overseas Bank (IOB) today said it would be raising around Rs 3,500 crore in core tier-I capital over the next three years to fund expansion.
Bank Chairman and Managing Director M Narendra presented the dividend cheque for Rs 203.77 crore to Finance Minister Pranab Mukherjee in New Delhi recently, a bank release said today.
Indian Overseas Bank (IOB) plans to raise around Rs 1,200 crore as Tier-I capital. The bank has submitted the proposal to the Union government, which is the single largest shareholder of the bank.
