The Securities Exchange Board of India (SEBI) has barred fugitive liquor baron Vijay Mallya from trading in India's securities market for three years. SEBI also froze Mallya's existing holdings, including units of mutual funds.
According to reports, the government has picked CBI and IOB for divestment. The government is likely to amend the Banking Regulations Act and other related laws to facilitate the planned divestment.
The Central Bureau of Investigation (CBI) has today filed a chargesheet before Special Judge for CBI cases, Mumbai against 24 accused including a private company based at Mumbai, its director, Chartered Accountant, then officials of Indian Overseas Bank, Directors/proprietor of associated companies/firms etc for causing an alleged loss of Rs 297.80 crore (approx) to the bank.
Around four persons looted nearly Rs 56 lakhs from Indian Overseas Bank (IOB) in UP's Agra.
Indian Overseas Bank (IOB) has sought a capital support of about Rs 1,000 crore from the government in order to create buffer for any exigency, a top official of the bank said.
State-owned banks Punjab National Bank (PNB) and Indian Overseas Bank on Tuesday announced reduction in their lending rates linked to the repo rate by 75 basis points, effective April 1. This follows last week's decision by the RBI to cut the repo rate by 75 bps.
State-owned Bank of India and Indian Overseas Bank have reported divergences in their bad loans for the fiscal ended March 2019, resulting into the widening of net losses for the year. Chennai-headquartered Indian Overseas Bank has reported a net non-performing asset (NPA) divergence of Rs 358 crore for 2018-19, due to which the divergence in provisioning came in at Rs 2,208 crore, according to a regulatory filing by the bank.
The bank had registered a net loss of Rs 487.26 crore in the corresponding quarter of the previous financial year. In the first quarter of the current financial year, it had posted a net loss of Rs 342 crore.
Chennai: Government-owned lender Indian Overseas Bank (IOB) on Thursday reported a whopping net loss of Rs.516 crore for the quater ended Dec 31, 2014 as against a net profit of Rs.75 crore earned for corresponding
New Delhi: The Centre today appointed the managing director and CEO of four public sector banks, while separating the post of Chairman from the post of MD and CEO.R. Koteeswaran, executive director of Bank of
Chennai: Public sector Indian Overseas Bank (IOB) has reported over two-fold jump in net profit for the first quarter ended June 30, 2014 at Rs 271.72 crore.The city-based bank had reported net profits of Rs
Mumbai, Dec 8: The Maldives government has given a comfort letter to Indian Overseas Bank, which has USD 25- million exposure to GMR Group's Male airport project, assuring safety of lenders' funds, a top bank
Mumbai, Sept 12: Reliance Mutual Fund, a part of Reliance Capital, today said it has entered into a distribution tie-up with Indian Overseas Bank (IOB).As per the agreement, IOB will sell Reliance MF products through
Karaikudi, Mar 18: Union Home Minister P Chidambaram on Sunday said banks in India should aim at a 20 per cent annual growth rate.“Banks needed to grow faster. They should grow by 20 per cent
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