The figures show that as on March 31, 2022, there were 30,359 records of borrowers with defaults of Rs one crore and above, with recovery suits filed against them by various banks, totalling...
Customers' loans became more expensive as a result of Bank of Baroda and Indian Overseas Bank raising their margin cost of funds based lending rates (MCLR).
Bank of Baroda and Indian Overseas Bank have raised their MCLR rates by up to 0.10 per cent, which will make most loans costlier for the customers. Indian Overseas Bank has revised upwards...
Animesh Singh, Aug 27 (IANS) Leading private sector lender Kotak Mahindra Bank (NS:KTKM) recorded aa many as 5,278 cases of fraud in the first quarter (April to June) of the current...
According to the data compiled by Prime database, banks have so far raised around Rs 42,000 crore through CDs. This was even after the rates on this instruments are rising sharply. The data...
State-owned Indian Overseas Bank (IOB) on Saturday posted a 20 per cent rise in net profit to Rs 392 crore for the first quarter of the current financial year, helped by a decline in bad...
By Malvika Gurung Investing.com -- Kotak Mahindra Bank (NS:KTKM): The mega-cap lender has acquired the financing portfolio of the finance company De Lage Landen Financial Services India,...
By Malvika Gurung Investing.com -- State Bank Of India (NS:SBI): The largest Indian lender has hiked the minimum interest rates for home loans to 7.55% w.e.f June 15 after the RBI raised the...
By Malvika Gurung Investing.com -- Canara Bank (NS:CNBK): The state-owned lender’s shares will go ex-dividend on Wednesday at Rs 6.5 apiece. IDBI Bank (NS:IDBI): The Life Insurance...
By Malvika Gurung Investing.com -- The private lender RBL Bank's (NS:RATB) shares have nosedived 18% on Monday, hitting a fresh 52-week low at Rs 92.7/share, and were trading 17.34% lower at...
By Malvika Gurung Investing.com -- HDFC (NS:HDFC): The largest mortgage lender has hiked its Retail Prime Lending Rate for housing loans by 50 bps, coming under effect from June 10, 2022,...
By Malvika Gurung Investing.com -- In the upcoming Winter session of the Parliament, set to commence on November 29, the Government will be introducing a banking bill, called the ‘Banking...
By Aditya Raghunath Investing.com -- It looks likely that Nifty 50 and the BSE Sensex 30 will open in the green following global cues. US stock indices had their strongest trading session in...
By Aditya Raghunath Investing.com -- Multiple media reports, over the weekend, have said that Niti Aayog has submitted two shortlisted banks to the Core Group of Secretaries on Disinvestment...
By Aditya Raghunath Investing.com -- A PTI (Press Trust of India) report has said that PSU (public sector unit) banks will have to bear a burden of Rs 1,800 crore to Rs 2,000 crore that...
By Sethuraman N RBENGALURU, April 1 (Reuters) - Gains in metal and auto stocks helped Indian shares rise more than 1% on Thursday, while capital infusion by the government in some state-run...
By Sethuraman N RBENGALURU, April 1 (Reuters) - Indian shares edged higher on Thursday, led by metals and information technology stocks, while the government's capital infusion in some...
BENGALURU, April 1 (Reuters) - Indian shares edged up on Thursday, led by auto stocks ahead of monthly sales data and gains in public sector banks after capital infusion by the...
March 31 (Reuters) - Indian Overseas Bank IOBK.NS :* INDIAN OVERSEAS BANK - RECEIVED A CAPITAL INFUSION OF 41 BILLION RUPEES FROM GOVERNMENT. OF INDIA...
By Aditya Raghunath Investing.com -- As predicted in the pre-market report today, Indian markets were very volatile. After touching a high of 50,959 in early morning trade, the BSE Sensex...
By Aditya Raghunath Investing.com -- Nifty Bank went up 1,335 points on February 24 to close 3.8% higher at 36,452. This came after a week where the index fell by over 6%. The reason for...
By Aditya Raghunath Investing.com -- Nifty and the BSE Sensex ended lower as markets consolidated for the third day in a row. Nifty closed down 0.59% while Sensex ended 0.73% lower. Oil and...
By Aditya Raghunath Investing.com -- Nifty 50ended lower by 0.68% while the BSE Sensex ended lower by 0.77% today. Comparatively, Nifty Bank was down 0.51%. However, the Nifty PSU Bank...
BENGALURU, Feb 17 (Reuters) - Indian shares ended lower on Wednesday after scaling record highs for two straight sessions as investors sold off high-flying banks, while consumer goods...
By Aditya Raghunath Investing.com -- Bank of Maharashtra Ltd (NS:BMBK) and Indian Overseas Bank (NS:IOBK) stocks have hit the upper circuit for two days in a row while Bank of India Ltd...
By Sachin RavikumarBENGALURU, Feb 17 (Reuters) - Indian shares eased on Wednesday after scaling record highs for two successive sessions, as investors sold off high-flying financial stocks...
By Aditya Raghunath Investing.com -- Indian markets opened higher on global cues but closed lower after a day of volatility and profit booking. Nifty ended flat losing 1.25 points while the...
BENGALURU, Feb 16 (Reuters) - Indian shares ended little changed on Tuesday after hitting a record high earlier in the session, as weakness in private-sector banks offset gains in Reliance...
Feb 9 (Reuters) - Indian Overseas Bank IOBK.NS :* DEC-QUARTER NET PROFIT 2.13 BILLION RUPEES VERSUS LOSS 60.75 BILLION RUPEES YEAR AGO* DEC-QUARTER INTEREST EARNED 42.44 BILLION RUPEES...
Oct 7 (Reuters) - Indian Overseas Bank IOBK.NS :* CUTS ONE-YEAR MCLR TO 7.50% FROM 7.55%...
Sept 7 (Reuters) - Indian Overseas Bank IOBK.NS :* CUTS 1-YEAR MCLR BY 10 BPS TO 7.55%...
BENGALURU, Aug 19 (Reuters) - Indian shares closed higher for a third consecutive session on Wednesday, as financial stocks gained and heavyweight Reliance Industries Ltd RELI.NS rose...
July 23 (Reuters) - Indian Overseas Bank IOBK.NS :* INDIAN OVERSEAS BANK SAYS APPOINTED PARTHA PRATIM SENGUPTA AS MD AND CEO...
By Aftab Ahmed and Nupur AnandNEW DELHI/MUMBAI, July 20 (Reuters) - India is looking to privatise more than half of its state-owned banks to reduce the number of government-owned lenders to...
July 8 (Reuters) - Indian Overseas Bank IOBK.NS :* INDIAN OVERSEAS BANK - CUTS 1-YEAR MCLR TO 7.75% FROM 7.95%...
By Sethuraman N R BENGALURU, June 26 (Reuters) - Indian shares rose on Friday, bolstered by information technology stocks, but gains were limited as investors remained nervous about rising...
BENGALURU, June 26 (Reuters) - Indian shares gained ground on Friday as financial stocks rose on the back of strong results from Indian Overseas Bank , with ITC adding to gains ahead of...
May 6 (Reuters) - Indian Overseas Bank IOBK.NS :* CUTS 1-YEAR MCLR BY 10 BPS
March 31 (Reuters) - Indian Overseas Bank IOBK.NS :* DECIDED TO PASS ON THE REPO RATE CUT TO RLLR LINKED ADVANCES* EFFECTIVE RLLR WILL BE 7.2S% FROM APRIL 1...
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