[ad_1] The public sector Indian Overseas Bank (IOB) on Friday (February 28) said it has received a ₹699.52 crore demand notice from the Deputy Commissioner (ST)-III, Large Taxpayers Unit, Chennai-35, for alleged GST liabilities related to the assessment year 2020-21. The notice, dated February 27, 2025, includes a penalty of ₹35.26 crore, along with tax […]
Indian Overseas Bank raises MCLR by up to 10 bps across select tenures effective Jan 15 – CNBC TV18
[ad_1] State-owned Indian Overseas Bank (IOB) on Friday (January 10) announced a revision in its marginal cost of funds-based lending rate (MCLR) following a review by its Assets and Liabilities Management Committee. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: […]
Indian Overseas Bank to sell 46 NPA accounts worth ₹11,500 crore – CNBC TV18
[ad_1] Public sector Indian Overseas Bank (IOB) on Thursday (January 9) said it has invited expressions of interest (EOIs) from asset reconstruction companies (ARCs) for the sale of 46 non-performing asset (NPA) accounts, collectively valued at ₹11,500 crore. Company Value Change %Change This move is part of IOB’s ongoing strategy to reduce NPAs and improve […]
Indian Overseas Bank receives second tax refund order, ₹808 crore for AY 2013-14 – CNBC TV18
[ad_1] State-owned Indian Overseas Bank (IOB) on Wednesday (December 11) announced its entitlement to an income tax refund of ₹808.30 crore, including interest under Section 244A of the Income Tax Act, 1961, for the assessment year (AY) 2013-14. Company Value Change %Change “As per the order dated 31.07.2024, the amount refundable to the Bank for […]
Indian Overseas Bank receives ₹123.87-crore income tax refund – CNBC TV18
[ad_1] Public sector Indian Overseas Bank (IOB) on Thursday (September 19) said it has received an order from the Income Tax Department under Section 250 of the Income Tax Act, 1961, confirming a refund of ₹123.87 crore. The refund, including interest under Section 244A of the Act, pertains to the assessment year 2021-22. “As per […]