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Centre could look at creating a scaffolding by distancing itself from management of banks through the creation of a Bank Holding Company which could assume the entire government stake in banks.

6 public sector banks cut lending rates by up to 0.25 per cent

With the reduction in their respective benchmark lending rates, home, auto and other loans have become cheaper.

10 Oct 2019 1:33 PM GMT

Indian overseas bank

3 including ex-manager, officer of IOB in Tamil Nadu held for fraud

Based on a complaint from regional manager of the bank, a special police team investigated into the fraud and arrested...

4 July 2019 3:03 PM GMT

Similarly, a number of structural reforms have been taken in recent years which include demonetisation, implementation of the Goods and Services Tax (GST), banking policies etc. which will need time to yield results. The recent performance of some sectors has shown optimism.

Mid sized banks report higher Q2 net profit as asset quality improves

Fresh slippages were lower in the absence of lumpy corporate non-performing assets

7 Nov 2020 5:24 AM GMT

Indian overseas bank

Govt raises authorised capital of Indian Overseas Bank to Rs 25,000 cr

Shares of the bank were trading at Rs 11.30 apiece on the BSE.

10 Jan 2020 7:56 AM GMT

State-owned IOB was placed under PCA in October 2015 on account of high non-performing assets (NPAs) and negative return on assets (RoA). (Twitter)

IOB too out of PCA bars

Kolkata-based UCO Bank had exited the PCA framework earlier this month

29 Sep 2021 10:40 PM GMT

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

RBI slaps Rs 3 crore penalty on Axis Bank, 2 crore on IOB

RBI carried out a statutory inspection of Axis Bank with reference to its financial position as on March 31, 2016.

6 March 2018 5:18 AM GMT

Indian Overseas Bank has offered Bharat Bill Payment System, introduced by the National Payments Corporation of India.

Indian Overseas Bank's Q4 net loss widens to Rs 3,606.73 cr

Shares of Indian Overseas Bank were trading 2.40 per cent lower at Rs 16.25 apiece on BSE.

30 May 2018 4:25 AM GMT

Delhi High Court. (Photo: Twitter)

Delhi HC refuses bail to bank official in Rs 4 crore fraud

The accused, Hare Krishna Mishra, is in judicial custody since September 2015.

10 Aug 2017 8:48 PM GMT

Indian overseas bank

Delhi: Indian Overseas Bank suspends its staff in DU case

The official was arrested following a complaint from the student.

21 Jan 2017 12:10 PM GMT

Indian overseas bank

Indian Overseas Bank asked to pay Rs 50,000

State consumer commission had upheld a district fora's order asking the bank to pay the money.

15 Jan 2017 5:25 AM GMT

Moodys has downgraded Chinas long-term rating by one notch from Aa3 to A1 as the Chinese government grapples with the challenges of rising financial risks stemming from years of credit-fueled stimulus.

Moody's rating downgrade 'unsolicited': Central Bank of India

Stock exchanges had sought clarity from the bank and few of its peers yesterday on the said news item.

27 July 2017 4:25 AM GMT

Moodys has downgraded Chinas long-term rating by one notch from Aa3 to A1 as the Chinese government grapples with the challenges of rising financial risks stemming from years of credit-fueled stimulus.

Moody's rates 9 banks; downgrades IOB, CBI

Moody's also downgraded IOB's Hong Kong branch's senior unsecured debt rating to Ba3 from Ba1.

24 July 2017 2:22 PM GMT