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Indian Overseas Bank taken out of RBI's PCA framework The Reserve Bank of India has taken the Indian Overseas Bank out of prompt corrective action framework (PCAF). The bank was taken out of the PCAF, subject to certain conditions and continuous monitoring. The development comes after the Board for Financial Supervision noted that the bank was not in the breach of the PCA parameters, as per its published results for the year ended March 31, 2021. "The bank has provided a written commitment that it would comply with the norms of min...
Indian Overseas Bank taken out of RBI's PCA framework
Indian Overseas Bank taken out of RBI's PCA framework
Source: IANS
30/09/2021 9:35:50 AM
IOB closes Q1 with Rs 327 crore net profit Public sector Indian Overseas Bank (IOB) closed the first quarter of the current fiscal with a net profit of about Rs 327 crore, Managing Director & CEO Partha Pratim Sengupta said on Tuesday. For the first quarter of the current fiscal, the IOB had posted a net profit of about Rs 327 crore as against about Rs 121 crore logged during the corresponding quarter the previous year, he told reporters. For the period under review, the IOB had posted a total income of about Rs 5,155 crore,...
IOB closes Q1 with Rs 327 crore net profit
IOB closes Q1 with Rs 327 crore net profit
Source: IANS
4/08/2021 9:01:30 AM
GoM may consider privatisation of IOB, Central Bank this year Inching closer to privatisation of two public sector banks, a high-level panel of secretaries headed by Cabinet secretary is believed to have zeroed in on Central Bank and Indian Overseas Bank as possible candidates for sell off this year. Sources said that the high level panel of secretaries met in the middle of last week to thrash out the regulatory and administrative issues concerning the PSU bank privatisation and have identified banks that would be put up disinvestment. The panel will...
GoM may consider privatisation of IOB, Central Bank this year
GoM may consider privatisation of IOB, Central Bank this year
Source: IANS
28/06/2021 3:09:38 PM