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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
IOBOA backs move to set off accumulated loss against share premium account

Indian Overseas Bank Officers'Association (IOBOA), the officers' trade union in IOB, has extended support to the managements decision of balance... ...

http://www.business-standard.com/article/finance/iob-officers-union-backs-management-s-move-to-set-off-accumulated-loss-118011300591_1.html
IOB to use share premium money to offset losses

Chennai: State-run Indian Overseas Bank (IOB) has announced its plans to set off its accumulated losses with funds from its share premium account.... ...

http://www.sify.com/finance/iob-to-use-share-premium-money-to-offset-losses-news-finance-sbjcafjefdhih.html
UCO Bank willing to take 40-45% haircut to keep book free of NPAs, says MD

Anjana Das City: New Delhi Fighting a corrective action plan imposed by RBI for huge non-performing assets (NPAs), UCO Bank is putting its focus on... ...

http://www.mydigitalfc.com/plan-and-policy/uco-bank-willing-take-40-45-haircut-keep-book-free-npas-says-md
Smaller PSBs beat giants in dash to NCLT, Bank of Baroda tops with 55 cases

Smaller banks have been more agile in the initial days of the Insolvency framework by moving more cases to the National Company Law Tribunal... ...

http://www.business-standard.com/article/finance/smaller-psbs-beat-giants-in-dash-to-nclt-bank-of-baroda-tops-with-55-cases-118010600280_1.html
Board of Indian Overseas Bank approves writing off accumulated losses

At meeting held on 04 January 2018 The Board of Indian Overseas Bank approved the following by circulation:1. To utilize the balance available in... ...

http://www.business-standard.com/article/news-cm/board-of-indian-overseas-bank-approves-writing-off-accumulated-losses-118010500160_1.html

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