Page 4 - Indian Overseas Bank

IOB to focus on MSME, will increase lending to Rs 50,000 cr: Official

Laying more focus on MSME segment, IOB would increase its lending to the sector from the present Rs 31,000 cr to Rs 50,000 cr in a couple of years from now.

IOB expects to be profitable in Q4 FY20 after being in red for four years

In third-quarter results announced earlier this week, the bank said it plans to come out of PCA by focusing on recovery, low-cost deposits and less capital-consuming advances.

IOB Q3 loss widens almost 10-fold to RS 5,901 cr on massive provisioning

Fresh slippage at Rs 1,647.82 cr; year-ago loss was Rs 609 cr

IOB Q3 net loss widens to Rs 6,075 cr on higher bad loan provisioning

The bank had registered a net loss of Rs 346.02 crore during the corresponding October-December period of 2018-19

DHFL posts net loss of Rs 6,640 crore; interest income declines 34%

DHFL is the first financial services firm undergoing bankruptcy proceedings after the Centre notified the law on Nov 15

Indian Overseas Bank gets Rs 4,360 cr from Centre for meeting norms

In a regulatory filing to the stock exchanges, the bank said it has received the amount as contribution of the government in preferential allotment of equity shares during FY20 as govt's investment

Indian Overseas Bank receives Rs 4,360-cr capital infusion from govt

In August 2019, the Finance Ministry had announced capital infusion of Rs 3,800 crore which was later increased by Rs 560 crore

Top headlines: Rs 4,360 cr capital boost for IoB; good news for pensioners

The labour ministry will enforce the retirement fund body EPFO's decision to restore pension commutation, or advance part-withdrawal, under the Employees' Pension Scheme from January 1, 2020

Govt approves infusion of Rs 4,360 cr in IOB; UCO Bank gets Rs 2,142 cr

In August, the finance ministry had announced a capital infusion of Rs 3,800 crore in the state-owned lender. This has now been increased by Rs 560 crore

IOB to get Rs 4,360 crore from govt, hopes to report profits from March

Karnam Sekar, Managing Director and Chief Executive Officer, IOB, recently said that the bank is expected to come out from prompt corrective action soon

Bank of India, IOB report divergences in bad loans; losses widen for FY19

Bank of India had a fall in its net NPA divergence by Rs 329 crore for 2018-19

IOB reports Rs 2,262-cr divergence in provisioning for bad loans in FY19

The bank had earlier reported NPA provisions of Rs 18,647.23 crore for 2018-19, while the RBI assessment pegged the provisioning at Rs 20,909.23 crore

IOB reports Rs 2,262-cr divergence in provisioning for bad loans in FY19

The bank had earlier reported NPA provisions of Rs 18,647.23 crore for 2018-19, while the RBI assessment pegged the provisioning at Rs 20,909.23 crore

IOB Q2 loss widens to Rs 2,250 crore from Rs 712 crore a year ago

Total income down 6% to Rs 5,024 crore; bad loans shrink

Govt increases authorised capital of Indian Overseas Bank by Rs 5,000 crore

Govt held around 92.52 per cent stake in IOB in the quarter that ended in June 2019.

We hope to come out of PCA this year: Indian Overseas Bank CEO Karnam Sekar

Karnam Sekar, who took over as managing director and chief executive officer of the bank on July 1, is taking measures

IOB hopes to post profit in Q2, come out from PCA this fiscal: MD & CEO

Bank is focusing hard on reducing its net NPAs to achieve this end, will enter one-time settlement with defaulters to pare bad loans

Karnam Sekar takes over as IOB MD and CEO from R Subramaniakumar

Sekar was on Special Duty and has been a whole-time director of the Bank since April 2019

Indian Overseas Bank cuts loss to Rs 1,985 crore, plans to raise funds

The loss is due to increased provisions on NPAs and fraud accounts especially due to back dating of NPAs and one big account declared as fraud

IOB to raise Rs 850 cr selling non-core assets and investments this fiscal

The Bank is currently exploring stake sales in joint venture and other entities to help it raise over Rs 445 crore