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RBI brings Bank of India under corrective action

The RBI has initiated a 'prompt corrective action' against Bank of India for mounting bad loans, placing various restrictions on it including issuing of fresh loans and dividend distribution, BoI......

CBI quizzes top Kingfisher, UB officials for the 2nd day

A consortium of banks led by State Bank of India wants to liquidate Mallya's assets to recover the loans.  Image: Prosecute Vijay Mallya for not paying taxes and clearing their dues, say......

A tale of two sinking banks

The experiences of HBOS and Indian Overseas Bank show that often loans make money for the lender in the initial years but losses come later when they turn bad, notes A V Rajwade. In one basic way,......

Reserve Bank pulls up bosses for IOB mess

  The Reserve Bank of India has initiated corrective action at Indian Overseas Bank on the grounds that its management is unable to revive it.IOB has reported low return on assets for four......

Govt infuses Rs 13,955 cr capital into 8 PSU banks

Bank of India, Canara Bank, Dena Bank, Corporation Bank and Andhra Bank are among the lenders that received capital infusion from the government. Eight public sector banks, including SBI, Punjab......
  Web results for Indian Overseas Bank
25% overseas branches of public sector banks reported losses in FY17

The Union government said on Friday that one-fourth of all foreign branches of public sector banks reported losses last financial year."As per data... ...
Banks' gross NPAs at Rs 8.41 trn in Dec 2017; SBI highest at Rs 2 trn

Indian Overseas Bank bank had gross NPAs of Rs 317 billion Press Trust of India | New Delhi Last Updated at March 9, 2018 19:19 IST The gross... ...
RBI slaps SBI with monetary penalty

The Reserve Bank of India on March 1, imposed a monetary penalty of Rs 40 lakh on SBI for non-compliance of its directions on detection and... ...
Rotomac owner sent to judicial custody till Mar 21

[India], Mar 7 (ANI): A Special Central Bureau of Investigation (CBI) Court on Wednesday sent Rotomac pens owner Vikram Kothari and his son Rahul... ...
Man posing as engineer steal Rs 18 lakh from ATM

A man masquerading as an engineer allegedly stole more than Rs 18 lakh from an ATM of the Indian Overseas Bank in Shamli district of Uttar Pradesh,... ...

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