Indian Overseas Bank(IOB) Q4 profit jumps 30%

 On Friday, May 2, Indian Overseas Bank said that its standalone net profit for Q4FY25 increased by 30% year-over-year (YoY) to ₹1,051.07 crore, up from ₹808.10 crore in the same period the previous year.  In comparison to the same quarter last...

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Gold Loan Fraud of Rs.1.65 crore in Bank: Female Officer Fired

An assistant manager at the Rajim branch of Indian Overseas Bank was arrested for stealing more than Rs 1 crore through the issuance of fraudulent jewelry loans. Ankita Panigrahi, the accused, was apprehended from Bargarh, Odisha, by the State Economic Offenses...

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Government will sell stake in three PSU banks, why this situation came?

The central government can sell stake in three big public sector banks. These three banks are UCO Bank, Punjab and Sindh Bank and Indian Overseas Bank. The government has more than 95% stake in these, the rest is with public investors.Let us tell you that as per...

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Indian Overseas Bank(IOB) Q3 Profit climbs 21% YoY

Indian Overseas Bank (IOB), a state-owned bank, reported on Monday that its consolidated net profit for the third quarter ended December 2024 increased by about 21% year-over-year (YoY) to Rs 875.27 crore, up from a profit of Rs 724.14 crore in the same period...

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Government plans to sale stake in five PSU banks

A Rs.10,000 crore fund-raising plan for five state-run institutions via the Qualified Institutional Placement (QIP) route has been approved by the government. According to sources, four additional lenders—Punjab & Sind Bank, Indian Overseas Bank, UCO Bank,...

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Indian Overseas Bank(IOB) Q2 Net profit up 24%

State-owned Indian Overseas Bank (IOB) on Thursday (October 17) reported a 24.4% year-on-year (YoY) rise in net profit at ₹777.2 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Indian Overseas Bank...

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Indian Overseas Bank(IOB) Q1 Net profit up 27%

 Public sector lender Indian Overseas Bank on July 22 reported a net profit of Rs 633 crore in the first quarter of fiscal 2024-25, 27 percent higher than Rs 500 crore reported in the corresponding quarter last year.Gross NPA of the bank stood at...

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Indian Overseas Bank(IOB) Q4 results: Net profit rises 24%

 Indian Overseas Bank (IOB) reported a 24 per cent increase in its net profit to Rs 808.10 crore in the January-March quarter of FY24, up from Rs 650.07 crore in the same period last year, on the back of healthy growth in core income and a decline in provisions.Sequentially,...

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