Hon’ble Prime Minister Shri Narendra Modi inaugurated the online PMSURAJ (Pradan Mantri Samajik Utthan and Rozgar Adharit Jankalyan) Portal on 13.03.2024. The focus of the GOI is on the Economic Empowerment of marginalized sections of society, including SC, OBC, Senior Citizens, Transgender in
Posted Date :  15-03-24

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New Delhi: Indian Overseas Bank, a leading Public Sector Bank, observed Risk Awareness Day on 1st March 2024. The initiative, driven by the dynamic leadership of Shri Ajay Kumar Srivastava, MD & CEO, IOB, aimed at fortifying the institution's commitment to robust Risk Management practices.
Posted Date :  01-03-24

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Chennai: Shri Ajay Kumar Srivastava has been elevated as Managing Director and CEO of Indian Overseas Bank with effect from 1st January 2023 from his current posting as Executive Director since 9th October 2017. He started his banking career as a Probationary officer in 1991 with Allahabad Bank wher
Posted Date :  02-01-23

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Chennai: On the occasions of Gandhi Jayanti Swachhata (Cleanliness) Special Campaign 2.0 conducted on 02nd October 2022 by Indian Overseas Bank (IOB). The cleanliness drive has been led by Executive Director Ms. S Srimathy and CVO Shri. R Balasubramanian at Central Office Campus, Chennai of the Bank
Posted Date :  02-10-22

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New Delhi: Chennai-based public sector bank, Indian Overseas Bank introduced a special maturity period bucket of 1000 days for Domestic/NRO Retail Term deposit w.e.f. 13.09.2022 of 6.50% ( For Senior Citizens). The minimum amount of deposit is Rs 1 lakh, the bank said in a statement.  For
Posted Date :  14-09-22

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Chennai: Indian Overseas Bank (IOB) celebrates  Independence Day at the Central Office Chennai, the celebration was marked by an impressive Parade and hoisting of the National Flag by MD & CEO, Shri. Partha Pratim Sengupta. Executive Directors Shri. Ajay Kumar Srivastava and Ms. S Srimat
Posted Date :  16-08-22

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New Delhi: Chennai based public sector bank, Indian Overseas Bank, decided to increase the interest rates offered on the medium as well as long term deposits by 10 basis points. Now the interest rates offered under term deposits for 3 Years and above will be 5.70% and for 444 days will be 5.60%.
Posted Date :  08-08-22

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New Delhi: Indian Overseas Bank, the Public Sector Bank has declared its quarter-first results for the financial year 2022-2023. The bank reported a profit of Rs. 392 crores for the quarter ended 30.06.2022. Performance Highlights For The Quarter Ended June 30, 2022 - YoY 1. Total busines
Posted Date :  08-08-22

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Chennai: Chennai-based public sector bank, under the ownership of the Ministry of Finance, GoI, Indian Overseas Bank decided to increase the rates offered on the longer-term deposits by 25 basis points. Now the rates offered under term deposits above 3 years will be 5.45% as against 5.20% offered ea
Posted Date :  09-03-22

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As part of the Banks Business plan to widen Credit Growth and funding towards Infrastructure Development across the Nation, Indian Overseas Bank has sanctioned a loan of Rs. 1000 Cr (of which amount disbursed is Rs.500 cr) to M/s. Jammu and Kashmir Infrastructure Development Finance Corporation Limi
Posted Date :  04-03-22

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Profit for the quarter ended 31.12.2021 recorded at Rs.454 crores as against Rs.376 crores for the quarter ended 30.09.2021. Net NPA has improved to 2.63% which is less than 6.00% prescribed by RBI During the quarter GNPA reduced by Rs.240 crore. GNPA ratios stands at 10.40% reduced from 10.66%
Posted Date :  02-02-22

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Chennai: Indian Overseas Bank (IOB), a leading public sector bank headquartered in Chennai, announced several festivals offers for its customers. These offers will be extended up to December 31, 2021.   The offers include * 100% waiver of processing charges for Housing Loan (Subhagruha
Posted Date :  30-09-21

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New Delhi: Indian Overseas Bank, an Indian government-owned bank has posted a yearly net profit of Rs.831 crores for the year ended 31.03.2021 after 6 years.   The Bank plans to come out of Prompt Corrective Action by focusing on Recovery, low-cost deposits, and less capital-consuming
Posted Date :  14-06-21

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Chennai: Indian Overseas Bank has announced the launch of Retail Loans (home loan, personal loan & clean loan) on the digital platform. The launch was presided by Mr. Partha Pratim Sengupta, Managing Director & CEO, Indian Overseas Bank in the presence of Executive Directors Mr. A. K. Srivas
Posted Date :  29-04-21

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Chennai: Indian Overseas Bank (IOB), as part of its growth strategy, intends to transform its banking services into a DIGITALIZED FORM with an aim to increase its  DIGITAL SHARE in the market. Towards achieving this goal, the Bank hasappointedM/s. Ernst & Young is a DIGITAL CONSULTANT. &
Posted Date :  22-04-21

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Chennai: Indian Overseas Bank has launched ‘IOB Trendy’, a Savings Account that has been thoughtfully customised keeping in mind the banking preferences of the growing millennial population in the country. Millennials today heavily rely on their savings accounts to manage their financ
Posted Date :  25-03-21

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Mumbai: Mrs. S. Srimathy has assumed charge as Executive Director of Indian Overseas Bank. Prior to this, she was serving as Chief General Manager at Canara Bank.  She had been deputed to NABARD as Chief Vigilance Officer immediately before her appointment in Indian Overseas Bank. Mrs. Srima
Posted Date :  12-03-21

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