Live Breaking News & Updates on Iob

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Business News: Edelweiss ARC to acquire education loan portfolio of Indian Overseas Bank at 60% discount

Edelweiss ARC to acquire education loan portfolio of Indian Overseas Bank at 60% discount : Rashtra News #Edelweiss #ARC #acquire #education #loan #portfolio #Indian #Overseas #Bank #discount Edelweiss Asset Reconstruction Company won a distressed education loan portfolio at a 60% discount from Indian Overseas Bank () at an auction last week, said people aware of

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Big Movers on D-Street: What should investors do with IOB, Rites, and UPL?

The benchmark Nifty 50 ended 0.4% down at 21771.70 points, and the Sensex closed 0.5% lower at 71731.42 points. On the other hand, the Nifty PSE index closed 2% higher at 9189.20 points.

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iob market cap: Indian Overseas Bank becomes 5th PSU bank to cross Rs 1 lakh crore market cap

In Friday's trade, the stock rose over 6.5% to hit a 52-week high at Rs 55.5, backed by heavy volumes on the NSE. A total of 5.71 crore equity shares worth Rs 310.7 crore have changed hands so far. IOB is the fifth public lender after the State Bank of India (SBI), Bank of Baroda, Punjab National Bank (PNB), and Union Bank of India to cross the market capitalization of Rs 1 lakh crore.

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Indian Overseas Bank Q3 profit jumps 30 per cent to Rs 723 crore on improvement in core income

India Business News: Indian Overseas Bank (IOB) reported a 30% increase in net profit to Rs 723 crore for the December quarter 2023-24. The bank's total income increased t

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IOB posts 30% rise in net profit - Times of India

India Business News: CHENNAI: Indian Overseas Bank (IOB) reported a net profit of Rs 723 crore in the quarter ended December 31, 2023, an increase by 30.

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ireda share price: Multibagger! IREDA shares climb 5% on signing green power co-finance deal with Indian Overseas Bank

IREDA shares rose 5% after partnership with IOB to co-finance renewable energy projects. As per Trendlyne data, the average target price of the stock is Rs 80, which shows a downside of 35% from the current market prices. The consensus recommendation from one analyst for the stock is a 'Strong Sell'.

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IREDA, Indian Overseas Bank ink pact to co-finance renewable energy projects

IREDA partners with IOB in a co-finance agreement to support renewable energy projects in India. The partnership involves the signing of a memorandum of understanding (MoU) and aims to streamline loan syndication and underwriting processes. This collaboration expands upon IREDA's successful partnerships with other financial institutions.

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IOB: IOB to sell Rs 457-crore MSME NPAs, eyes 60% recovery

"Preference will be given to bids or offers with a higher cash portion...management fee would be 1.5% per annum of net assets value... for first three years, 1.25% for the fourth, fifth and 0.75% for the sixth year onwards," the bank said inviting bids from asset reconstruction companies, banks and alternative investment funds.

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Indian Overseas Bank shares in focus on report PSU lender may sell Rs 457-crore MSME NPAs

IOB had reported net non-performing asset (NPA) of Rs 1,364 crore for the September quarter, with net NPA ratio of 0.68 per cent. This was against Rs 4,148 crore in net NPA and an net NPA ratio of 2.56 per cent in the same quarter last year.



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