[ad_1] India’s largest insurance company, Life Insurance Corporation of India Ltd. has contributed to one-fourth (25%) of the total funds raised by four state-run lenders, Indian Overseas Bank (IOB), Central Bank of India, UCO Bank and Punjab Sind Bank through the Qualified Institutional Placement (QIP) process. The four lenders raised a total sum of ₹6,155 […]
Stocks to Watch on March 26: IRFC, IREDA, Indian Overseas Bank, Federal Bank and more – CNBC TV18
[ad_1] 1 / 15 IRFC | State-owned company said it has signed a ₹5,000 crore rupee term loan (RTL) agreement with NTPC Renewable Energy Limited (NTPC REL) to support its ongoing and new capacity expansion projects. The loan will also be used for refinancing existing debt, as per NTPC REL’s board approval. The agreement, executed […]
Government may go slow on minority stake sales in PSUs due to market volatility: Exclusive – CNBC TV18
[ad_1] The government is likely to adopt a cautious approach towards minority stake sales in central public sector enterprises (CPSEs) in the coming months due to ongoing market volatility, officials privy to the matter told CNBC-TV18. While disinvestment remains on the agenda, the Centre may defer planned offers for sale (OFS) by one to two […]
Indian Overseas Bank receives ₹699.5-crore GST demand, to challenge order – CNBC TV18
[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 Q3 Results: PSU stock surges 5% after profit rises, asset quality improves – CNBC TV18
[ad_1] Shares of Indian Overseas Bank Ltd.(IOB), the state-run lender surged as much as 5% on Monday, January 20, after it reported its December quarter results. Company Value Change %Change Net profit for the lender increased by 21% from last year to ₹874 crore. The bank had reported a net profit of ₹723 crore during […]
PSU Bank Stake Sale: Government approves ₹10,000 crore QIP plan for five lenders — Exclusive – CNBC TV18
[ad_1] The government has approved a fund raising plan to the tune of ₹10,000 crore for five state-run lenders through the Qualified Institutional Placement (QIP) route, sources with knowledge of the matter told CNBC-TV18. Company Value Change %Change Other than Bank of Maharashtra, four other lenders, Punjab & Sind Bank, Indian Overseas Bank, UCO Bank […]
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 […]
Trade Setup for December 11: Do Nifty bulls have the strength to take it past 24,800? – CNBC TV18
[ad_1] The screen would show that the Nifty has declined for the third day in a row. But the bullish undertones, despite the uncertainty are visible. While the index is struggling to cross the higher end of the range, the bulls are ensuring that it does not break crucial lower levels. Company Value Change %Change […]