| Date | Title | Description |
| 15.01.2025 | Punjab & Sind Bank eyes ₹2,000-crore QIP fundraise in Q4FY25: MD & CEO Swarup Kumar Saha | Punjab & Sind Bank (PSB) will tap the Qualified Institutional Placement (QIP) route to raise capital this quarter, its Managing Director Swarup Kumar Saha said on Wednesday.
This State-owned lender is one of the five public sector banks... |
| 15.01.2025 | NARCL sole bidder at ₹12,000 crore for Jaiprakash Associates, resolution likely by end of this quarter | State-owned National Asset Reconstruction Co Ltd (NARCL) has emerged as the sole bidder to take over the distressed debt that Jaiprakash Associates Ltd (JAL) owed to nearly 25 lenders with process advisor IDBI Capital Markets & Securiti... |
| 14.01.2025 | Moneyboxx Finance secures ₹1.32 billion debt capital, adds three new lenders | Moneyboxx Finance Limited, a BSE-listed NBFC, has raised ₹1.32 billion in debt capital during the third quarter of FY25, including ₹500 million from three new lending partners - Indian Overseas Bank, Bajaj Finserv Limited, and Nabkisan Fina... |
| 11.01.2025 | Indian Banks Navigate Troubled Waters: A Focus on Recovery and Expansion | In the ever-evolving landscape of Indian banking, two public sector lenders, Indian Overseas Bank (IOB) and UCO Bank, are charting distinct paths. One is grappling with the heavy burden of non-performing assets (NPAs), while the other is ex... |
| 09.01.2025 | IOB invites EOIs for ₹11,500-cr NPA sale via e-auction | Public sector lender Indian Overseas Bank (IOB) has announced the sale of 46 stressed accounts worth ₹11,500 crore as part of its ongoing efforts to improve asset quality. The bank has invited Expressions of Interest (EOIs) from Asset Recon... |
| 11.12.2024 | Universal Sompo General Insurance Invited Policyholders & Claimants for interaction to its Corporate Office in Mumbai | Mumbai, Maharashtra, India
Universal Sompo General Insurance welcomed policyholders and claimants for interaction, to its new progressive corporate office in Mumbai. This provided an opportunity to connect with its honoured customers and un... |
| 09.12.2024 | Samunnati issues Rs 50 Cr green bond to boost climate-smart agriculture
Recommended Stories For You | Samunnati, an agri value chain enabler, has issued its first-ever Rs 50 crore green bond, with Northern Arc Capital as the primary subscriber.
Samunnati will use the green bond proceeds to develop climate-smart agriculture solutions acro... |
| 04.11.2024 | Indian Overseas Bank launches online Re-KYC service for hassle-free updates | Indian Overseas Bank (IOB) has introduced an online Re-KYC service to streamline its clients‘ Know Your Customer (KYC) update process. This digital facility enables customers to update their KYC information through the IOB website, SMS, or ... |
| 21.10.2024 | Empowering Women: The Mahila Shaksham Scheme and Its Impact on Entrepreneurship | In a world where financial independence is often the key to empowerment, the Indian Overseas Bank (IOB) has taken a bold step. On October 19, 2024, IOB launched the Mahila Shaksham scheme. This initiative aims to uplift women entrepreneurs ... |
| 20.10.2024 | Punjab & Sind Bank Q2 net up 26.98% at ₹240 crore | Punjab & Sind Bank (PSB), a public sector bank, has reported a 26.98 percent increase in net profit for the quarter ended September 30, 2024 at ₹240 crore (₹189 crore).
The latest bottom line performance is also 32.60 percent higher ove... |
| 19.10.2024 | Indian Overseas Bank launches Mahila Shaksham scheme to empower women entrepreneurs | Public sector Indian Overseas Bank on Saturday launched the 'Mahila Shaksham' scheme designed to finance individual Women Self-Help Group members under the Centre's Deendayal Antyodaya Yojana - National Rural Livelihoods Mission initiative.... |
| 12.10.2024 | IOB unveils new loan centres nationwide, launches heritage-themed ATM in Chennai | Chennai
Public-sector lender Indian Overseas Bank (IOB) has launched new retail loan processing centres (RLPCs) in Chennai and seven other key locations across India, as part of its effort to enhance customer experience and improve service ... |
| 10.10.2024 | Samunnati Secures INR 1,123 Cr in Debt Funding in H1 FY25 to Boost Agri-Finance Operations Samunnati expanded its lender network in FY25, onboarding 14 financial institutions, including Kotak Mahindra... | Agri-finance startup Samunnati has raised INR 1,123 crore in debt funding during the first half (H1) of FY25. This marks a significant financial milestone for the Chennai-based firm, which secured USD 155 million (INR 1,158 crore) in total ... |
| 10.10.2024 | RBI approves appointment of Partha Sengupta as Bandhan Bank MD, CEO for 3 years | The Reserve Bank of India (RBI) has approved appointment of former Indian Overseas Bank MD, CEO Partha Pratim Sengupta as MD, CEO of Bandhan Bank for a period of three years, according to an exchange filing by the bank.
“On the basis of rec... |
| 09.10.2024 | Samunnati bags Rs 1,123 Cr in H1 FY25, onboards 14 new lenders for agri-finance growth
Recommended Stories For You | Agri-finance startup Samunnati raised Rs 1,123 crore in debt funding in the first half (H1) of FY25.
The funds will help Samunnati expand its operations and advance its vision of sustainable growth and rural development.
The company has a... |
| 29.07.2024 | Pune-Sholapur Road Restructure Allocates Rs 3.34 billion to Lenders
Infrastructure Today Conclave: Towards a Viksit Bharat @ 2047
Construction entities will maintain healthy revenue growth: ICRA
Top 1... | ROADS & HIGHWAYS Pune-Sholapur Road Restructure Allocates Rs 3.34 billion to Lenders
29 Jul 2024 3 Min Read CW Team
Ten banks, led by Bank of India (BoI), have received Rs 3.34 billion from the toll collections accumulated by the Pune S... |
| 07.07.2024 | Indian Overseas Bank launches upgradation facility on savings scheme | Public sector Indian Overseas Bank has unveiled a slew of upgradation facilities on savings scheme that offer enhanced features to its customers, a top official has said.
The city-headquartered bank said the initiative was in the backdrop o... |
| 24.06.2024 | Universal Sompo settles ₹8 crore claims under Ayushman Bharat in 4 months | Universal Sompo General Insurance Company has provided cashless claims approval of ₹8.03 crore for over 8,170 hospital admissions under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana in the Union Territory Dadra & Nagar Haveli and Dam... |
| 07.06.2024 | Indian Overseas Bank Launches a Start-up Centric Branch in Chennai The bank launched the "IOB Start-up Current Account" and the "IOB Pragati" credit program for financing startups. | - |
| 06.06.2024 | IOB opens an exclusive branch for start-ups in Chennai | Indian Overseas Bank (IOB) has inaugurated a new, exclusive branch on Anna Salai (Mount Road) in Chennai, dedicated entirely to support start-ups. This initiative aims to provide robust financial services and comprehensive support to buddin... |
| 03.06.2024 | Universal Sompo launches ‘insure today for a safe tomorrow’ campaign to promote awareness | Universal Sompo has launched a new theme, “Insure today for a safe tomorrow,” to raise awareness about the importance of insurance in safeguarding against unforeseen risks.
Universal Sompo offers a wide range of insurance products, includin... |
| 31.05.2024 | ARCs misused by 'tainted' promoters: RBI Deputy Governor M Rajeshwar Rao | - |
| 31.05.2024 | Modi govt revived banking sector, Rs 10 lakh cr bad loans recovered: FM | - |
| 28.05.2024 | Indian govt bond yields seen steady as traders await fresh triggers | - |
| 27.05.2024 | PSBs extend rally on RBI's bonanza to central Govt; IOB, PSB rally upto 10% | - |
| 24.05.2024 | Indian Overseas Bank aims to open 88 new branches in FY2024-25, says CEO | - |
| 22.05.2024 | Southeast Asian nations account for half of financial frauds in India: MHA | - |
| 21.05.2024 | NRI deposit flows up 63.5% to $14.7 bn in FY24, the highest in 8 years | - |
| 20.05.2024 | RBI cracks whip on co-lending deals, writes to at least 4 banks advising caution | Co-lending refers to partnerships between two lenders, typically a bank and a non-bank to offer loans to different segments.
The Reserve Bank of India (RBI) has written to at least four banks asking them to be cautious about their co-lendin... |
| 19.05.2024 | Govt will receive 30% more dividend from public sector banks in FY24 | The government will get about 30 per cent more dividends from public sector banks (PSBs) in FY24 vis-a-vis FY23 due to handsome payouts declared by them on the back of strong financial performance.
A back-of-the-envelope calculation shows t... |
| 19.05.2024 | The nomadic life of a PSU banker | - |
| 19.05.2024 | Bank of Maharashtra tops among PSU banks in business growth in FY24 | State-owned Bank of Maharashtra recorded the highest growth rate last fiscal in terms of total business and deposit mobilisation among public sector lenders at a time when most banks are facing difficulty in achieving double-digit growth.
T... |
| 16.05.2024 | Credit offtake stays robust at nearly 16% in May, shows RBI data | - |
| 16.05.2024 | India sees forex reserves as main tool to manage bond index inflows | - |
| 14.05.2024 | Public sector banks' total profit jumps 35%, crosses Rs 1.4 trn in FY24 | - |
| 09.05.2024 | IOB posts record net profit for March quarter & FY24, asset quality improves further | Indian Overseas Bank (IOB) has maintained robust growth in FY24, achieving record net profit for both the March 2024 quarter and the full year, aided by higher income and lower provisions. The bank’s asset quality also improved, with fewer ... |
| 05.05.2024 | IOB adopts multi-pronged approach to ensure recovery from NPA accounts | - |
| 29.04.2024 | 2,000 ghost customers: How a Rs 150 cr loan fraud unfolded in Mizoram | - |
| 24.04.2024 | Electoral bonds: Plea in SC seeks SIT probe into alleged quid pro quo | - |
| 24.04.2024 | DCB Bank Q4 results: Net up 9% at Rs 156 cr, board approves Rs 500 cr QIP | - |
| 23.04.2024 | Immediate Payment Service: All that's to know about instant funds transfer | - |
| 19.04.2024 | Hindustan Construction's Rs 350 crore rights issue oversubscribed 2.5 times | - |
| 16.04.2024 | Senior citizen deposits total Rs 34 lakh crore, a 150% growth in 5 years | - |
| 05.04.2024 | IOB’s total business crosses ₹5 lakh cr mark in FY24 | Chennai-headquartered Indian Overseas Bank has ushered in the new fiscal by surpassing the ₹5-lakh crore mark in total business for the first time in the year that ended on March 31, 2024. This is a major milestone in IOB’s post-turnaround ... |
| 01.04.2024 | RBI imposes ₹74 crore fine on 64 lenders amid heightened supervision in FY24 | With economic conditions largely stable and banks sitting on strong balance sheets, Reserve Bank of India seems to have used the relative calm of FY24 as an opportunity to strengthen supervision and crackdown on regulatory breaches.
Also re... |
| 21.03.2024 | Banks to remain open on March 31 despite Easter Sunday: Here's why | The Reserve Bank of India (RBI) has announced that all agency banks involved in government transactions will remain open on March 31, 2024. This decision coincides with Easter Sunday, a significant celebration for the Christian community. H... |
| 21.03.2024 | IOB launches two new gold loan products to address unique needs | Chennai-headquartered Indian Overseas Bank (IOB) has introduced two new jewel loan products - IOB Gold Powered Card and Jewel Loan Suvidha.
IOB Gold Powered Card will provide instant access to a card linked directly to their jewel loan over... |
| 21.03.2024 | PSU Banks soar: PNB, Indian Bank, Central Bank, PSB, BOI zoom up to 4% | The public sector undertaking (PSU) banks were trading higher on the National Stock Exchange as investors continue to remain bullish on the banking sector among PSUs.
The Nifty PSU Bank index rose sharply at 2.66 per cent against 1.01 per c... |
| 18.03.2024 | Robust domestic fundamentals and global macro landscape supportive of a stronger rupee: BoB report | Robust domestic fundamentals and the global macro landscape are supportive of a stronger rupee, according to a report by Bank of Baroda’s economic research department.
“Despite mixed macro readings, the US economy is in better shape than wh... |
| 06.03.2024 | SBI, BoI, IOB: 5 PSU bank stocks that look good on the technical charts | Shares of PSU Banks continue to hog the limelight on the bourses with sheer outperformance compared to the benchmark index.
The NSE PSU Bank index has rallied over 28 per cent so far this calendar year as against a mere 2.8 per cent gain on... |
| 12.03.2018 | IOB to recruit 387 specialist officers | Indian Overseas Bank is recruiting 387 specialist officers. About 337 of these posts will be for agricultural field officers in the junior management grade (Scale-I).
Candidates, who have taken the common written examination for the recruit... |