Indian Overseas Bank News and Updates

Keep track of all breaking news on Indian Overseas Bank from all sources in a single place.

12 Apr 2025

35.43

1.43%

Indian Overseas Bank reduce repo linked lending rate by 25 basis points

Business Line

The decision to slash the rates by the apex bank comes amid looming uncertainties after last week's announcement of 27% tariffs on Indian imports to the US by President Trump

Indian Overseas Bank is trading below all available SMAs

Indian Overseas Bank Slashes Repo-Linked Lending Rate To 8.85% After MPC Decision

NDTV Profit | 11 Apr 2025

Indian Overseas Bank

28 Mar 2025

35.43

1.43%

Indian Overseas Bank down 7%, hits 52-week low; stock down 12% in 3 days

Business Standard

A total of 354.18 million equity shares of Indian Overseas Bank allotted to QIBs pursuant to QIP were listed and admitted for trading on the Exchange with effect from Friday, March 28, 2025.

Indian Overseas Bank has lost -34.50% in the last 6 Months

Indian Overseas Bank

25 Mar 2025

35.43

1.43%

IOB to challenge 558.96 cr income tax demand

Business Line

In a filing to the stock exchanges, the bank stated that it intends to challenge the order before the appropriate forum, contesting the disallowances and additions made by the tax authorities

Indian Overseas Bank has lost -34.50% in the last 6 Months

Indian Overseas Bank

24 Mar 2025

35.43

1.43%

Indian Overseas Bank issues show cause notice to IL&FS Engineering

Business Standard

IL&FS Engineering Services on Monday said it has received a show cause notice from Indian Overseas Bank (IOB) for reviewing the classification of the company's loan account as a suspicious fraud account. Facilities involved for Rs 123 crore, though irregularities have not been quantified by the lender, IL&FS Engineering said in a regulatory filing. This was first observed by Grant Thornton India in their forensic audit report and was duly reported to MCA for appropriate action, it said. As per the directions of NCLT on October 1, 2018, the reconstituted Audit Committee of new Board comprising nominated directors of Ministry of Corporate Affairs had conducted a special audit (held as Forensic Audit') for all high-value transactions undertaken by IL&FS Ltd (IL&FS) and a few of its group companies which included IL&FS Engineering through Grant Thornton India LLP, it said. Accordingly, as a natural corollary of the IL&FS crisis, the then loan accounts, maintained ..

Number of FII/FPI investors increased from 45 to 60 in Mar 2025 qtr.

Indian Overseas Bank

19 Mar 2025

35.43

1.43%

Indian Overseas Bank To Raise Rs 10,000 Crore Via Long-Term Infra Bonds

NDTV Profit

Indian Overseas Bank will use the funds for financing or refinancing of infrastructure and affordable housing.

Indian Overseas Bank has lost -34.50% in the last 6 Months

Indian Overseas Bank

28 Feb 2025

35.43

1.43%

IOB sets record date for payment of coupons for THESE bonds. Details here

livemint

Indian Overseas Bank announced coupon payments for its Basel III Tier II Bonds Series IV and V in March 2025, with Series IV due April 2. IOB shares fell 4.6%, recording an intraday low of 43.51 amid broader market sell-offs.

Indian Overseas Bank has lost -34.11% in the last 3 Months

Indian Overseas Bank

25 Feb 2025

35.43

1.43%

Central Bank, IOB, UCO Bank rise up to 4% in trade on Feb 25; here's why

Business Standard

The uptick in these stocks came after the DIPAM invited bids from merchant bankers to assist the government in its planned stake sale in public sector banks and listed financial institutions