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Indian Overseas Bank said it is being done to present a true and fair view. For the fiscal ended March 2017, the bank had reported a net loss of Rs 3,416.74 crore on its balance sheet because of huge amount of bad assets, with the.
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Indian Overseas Bank has reported a significant rise in its net profit at Rs.271 crore for the quarter ended June 30, 2014, when compared with Rs.126 crore in the year-ago period. M. Narendra, Chairman and Managing Director of the bank,
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Public sector Indian Overseas Bank has reported over two-fold jump in net profit for the first quarter ended June 30, 2014 at Rs 271.72 crore. Chennai: Public sector Indian Overseas Bank has reported over two-fold jump in net profit for the.
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Allahabad Bank had recorded a net NPA of 8.92 per cent for the year ended March. Central Bank of India, Dena Bank, Indian Overseas Bank, United Bank of India, Oriental Bank of Commerce, Corporation Bank and UCO Bank. "This.
"Indian Overseas Bank’s Capital Adequacy as per BASEL III stood at 9.73%. norms going ahead," brokerage firm Angel Broking said in a note Tuesday. IOB reported net loss of Rs. 1,425 crore for the third quarter ended Dec. 31,
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Net Profit up 14 percent at Rs 10.6 crore. EBITDA up 123.9 percent at Rs 48.8 crore. EBITDA Margin at 29.5 percent versus 15.9 percent. Indian Overseas.
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The Reserve Bank of India’s decision to step in and curtail the freedom of the management at Indian Overseas Bank, a small government. t respond to phone calls and emails seeking comment. Net Non-Performing Assets, or NPA When.
Subramaniakumar, chief executive at Indian Overseas Bank, a state-run lender with the second-highest. Moody’s Indian affiliate ICRA estimates the criteria would net 50 defaulting companies with combined outstanding debt of 2.46.
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Public sector lender Indian Overseas Bank (IOB) on Monday posted 22% year-on- year rise in its net profit at Rs. 529 crore for the quarter ended March 2012 as against Rs. 434 crore for the corresponding quarter of the previous year.
MUMBAI, July 25 (Reuters) – Three months ended June 30. (Versus the same period a year earlier. All Reuters alerts in billion rupees unless stated) Net profit (loss) 0.15 VS 2.72 Interest Earned 61.37 VS 60.07 NPA’s (net %) 6.31 VS 3.85.
Net NPAs of Indian Overseas Bank and IDBI Bank have already crossed 12 per cent to 13.99 per cent and 13.21 per cent, respectively. Bank of Maharashtra is inching closer to the 12-per cent mark. Its net NPAs were 11.76 per cent for.
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MUMBAI (Reuters) – State-run Indian Overseas Bank, which has the highest bad loan ratio among the nation’s lenders, reported on Tuesday a first-quarter net loss of 14.51 billion rupees ($217 million) with a further rise in its sour assets.
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Indian Overseas Bank, Oriental Bank of Commerce, Uco Bank and United Bank of India, under prompt corrective action (PCA) in view of a precipitate decline on certain performance parameters, such as net non-performing assets (NPAs),
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New Delhi: Indian Overseas Bank (IOB) on Saturday reported 94.56 per cent decline in net profit at Rs 14.76n crore for the quarter ended June 30, 2015, compared to the same period last year, on sharp increase in provisioning for bad.
Business Line reported that state owned Indian Overseas Bank has sold its bad debt exposure of INR 1,500. wherein the ARC shells out 15 per cent of the net asset value as upfront payment. Essar Steel owes lenders roughly INR.
The CBI registered a cheating case against three officials of the Chandigarh branch of Indian Overseas Bank (IOB), proprietors and two directors of three Chandigarh-based private firms and four others on alleged charges of fraud that.
Net NPAs, however, improved to 6.90 percent from 7.79 percent. The RBI has initiated similar action against other public sector lenders including IDBI Bank, Indian Overseas Bank and UCO Bank. The Reserve Bank in April had issued a.
"RBI, vide the letter dated June 13, 2017, has put the bank under Prompt Corrective Action in view of high net NPA and negative RoA," the. Earlier, the RBI had initiated PCA on IDBI Bank, Indian Overseas Bank, UCO Bank and Dena.
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Setback for Indian Overseas Bank as NCLAT orders refund of money to Amtek Auto in insolvency case NCLAT directed IOB to refund the money it had earlier appropriated.