by newsworm | Feb 19, 2025 | Banking, Indian Overseas Bank, State Bank of India
The article discusses the 444-day special fixed deposit (FD) schemes offered by three leading banks in India: State Bank of India (SBI), Indian Overseas Bank (IOB), and Federal Bank. These FDs offer higher interest rates than regular term deposits, making them an... by newsworm | Feb 17, 2025 | Banking, Indian Overseas Bank, RBI
Here is a 400-word summary of the content: Indian Overseas Bank (IOB) is celebrating its 89th Foundation Day by introducing new digital solutions to enhance customer experience and financial efficiency. The two key innovations introduced are Aadhaar OTP-Based Account... by newsworm | Feb 13, 2025 | Banking, Indian Overseas Bank, RBI
India’s Chennai-based Indian Overseas Bank (IOB) has made a decision to reduce its Repo Linked Lending Rate (RLLR) by 25 basis points (bps). The reduction brings the RLLR down from 9.35% to 9.10%. This move is a follow-up to the Reserve Bank of India’s... by newsworm | Feb 13, 2025 | Bank of Baroda, Banking, Canara Bank, Indian Overseas Bank, Punjab National Bank, RBI, Union Bank of India
The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 6.25%, its first rate cut in almost two years. In response, several major banks, including Canara Bank, PNB, Union Bank of India, and Bank of Baroda, have cut their repo-linked lending... by newsworm | Feb 10, 2025 | Banking, Indian Overseas Bank
Indian Overseas Bank (IOB) has signed a Memorandum of Understanding (MoU) with B.S. Abdur Rahman Crescent Institute of Science and Technology (Deemed University) to conduct a Cybersecurity Hackathon. The hackathon is aimed at promoting innovation in the banking and... by newsworm | Feb 8, 2025 | Banking, Indian Overseas Bank
Indian Overseas Bank (IOB) has partnered with B.S. Abdur Rahman Crescent Institute of Science and Technology (Deemed University) to launch a Cybersecurity Hackathon. The partnership aims to promote innovation in the banking and financial sectors, aligning with the...