RBI: IOB taken out of PCA restrictions subject to certain conditions & monitoring.

#IOB not in breach of PCA parameters as per its March qtr earnings

Bank has provided a written commitment to comply with min regulatory capital norms, Net NPA & leverage ratio on ongoing basis

Indian Overseas Bank is now Integrated with TN Govt for all Treasury collections

#IndianOverseasBank #INE565A01014 #IOB #Banks

Indian Overseas Bank Q3

▪️PAT at Rs 454.11 cr vs Rs 212.87 cr YoY
▪️Gross NPA at 10.4% vs 10.66% QoQ
▪️Net NPA at 2.63% vs 2.77% QoQ

#IOB #Q3 #StocksToWatch @IOBIndia

#MMTC | Arm MTPL Singapore gets default notices of $11.5 m from 3 banks including #IOB, #UCOBank, #BankOfIndia

#SEBI exemption is likely for some #PSBs and CPSEs to meet 25% minimum public shareholding by August 2024. No plan for a direct share sale in PSU banks currently: Govt sources to @Sapna_CNBC

Alert: Govt’s stake over 90% in Central Bank, #IOB, #UCO, Punjab & Sind Bank