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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......

Central Bank tops list of highest NPAs among PSU banks

Central Bank of India has topped the list of public sector banks with maximum bad loans including restructured assets as a percentage of total advances. According to the data provided by the......

Why are these 3 state-run banks in bad shape?

Indian Overseas Bank, a state-run lender, reported its second straight quarterly loss on Thursday as bad loans surged, sending its shares down as much as 10 percent. UCO Bank and Allahabad Bank,......

'Differences with India on making Swiss bank a/c info public'

Noting that tax evasion is not a criminal offence in Switzerland, a senior Swiss official has acknowledged differences with India on what can be made public about Indians having unaccounted money......
  Web results for Indian Overseas Bank
4 Bangalore Bank Staff Convicted For Fraud

CHENNAI: A CBI court in the City has convicted four Bengaluru-based bank employees in a fraud case and sentenced them to four years rigorous... ...
After 25yrs, 4 given four years RI, fined Rs 1.2 crore

CHENNAI: Twenty-five years after bank officials of Indian Overseas Bank (IOB) in the city along with people from a private company cheated the... ...
Tech campuses marooned; offices shut; Chennai comes to a standstill

CHENNAI: Record rainfall in Chennai impacted commercial and business activity across the city. While IT campuses on the OMR and inside Mahindra... ...
Why monetary policy this time is more about NPAs than just rate cut

It wasn't inflation or interest rates but the state of bad loans on the balance sheets of Indian banks that dominated the post-policy presser of... ...
Allahabad Bank may sell 30 per cent Universal Sompo stake

Kolkata: State-run Allahabad Bank may sell its 30 per cent stake in Universal Sompo General Insurance Company, either partially or fully. Universal... ...

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