Shares of Indian Overseas Bank (IOB) continued losing streak on Tuesday, extending losses for the fourth straight session. The state-owned bank’s shares have fallen nearly 1% today and around 7% since April 29. On Monday, the stock ended 2% lower, in sync with Nifty PSU Bank index with all indices closing in red, after the Reserve Bank of India (RBI) released a draft proposing tighter project finance norms. The sentiment was further dented after IOB announced that it will sell 92 non-performing accounts having ₹13,472 crore loan outstanding.Early today, Indian Overseas Bank shares opened a tad higher at ₹64.77 against the previous closing price of ₹64.76 on the BSE. The stock…
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Category: Indian Overseas Bank
Indian Overseas Bank share price Today Live Updates : Indian Overseas Bank Stocks Plummet as Investors React to Market Trends
13 May 2024, 01:55 PM IST
Indian Overseas Bank share price update : Volume traded till 1 PM is -35.36% lower than yesterday
The volume of Indian Overseas Bank traded until 1 PM is 35.36% lower than yesterday, while the price is currently at ₹60.59, a decrease of 2.2%. Volume traded is a crucial indicator, alongside price, for analyzing trends. A positive price movement with a higher volume indicates a sustainable upward trend, whereas a negative price movement with a higher volume could suggest a further decline in prices.
13 May 2024, 01:39 PM IST
Indian Overseas Bank share price NSE Live…
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Check Indian Overseas Bank (IOB) Balance Via SMS, Toll-Free Number, Mobile Banking and More
Indian Overseas Bank is also popularly known as IOB in India, This is one of the most popular nationalized banks as well. The bank was started in the 1930s and as of 2022, the bank has over 3,200 domestic branches and about 4 foreign branches and a representative office. During the nationalization, IOB was one of the 14 major banks taken over by the government of India.
The bank offers a whole bunch of services both online and offline at the branch. The bank allows you to check your bank balance, get mini statements, pay bills, and check passbook all using its call, SMS, and app services. In this guide, we will take a look at how one can check the Indian Overseas…
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Source: https://www.mysmartprice.com/gear/internet/internet-features/indian-overseas-bank-balance-check/?amp
Hot Stocks: Pick Indian Metals & Ferro Alloys, IOB, Tata Power for 10-14% return in short term – MSN
Hot Stocks: Pick Indian Metals & Ferro Alloys, IOB, Tata Power for 10-14% return in short term MSN
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Indian Overseas Bank share price Today Live Updates : Indian Overseas Bank closed today at ₹61.2, down -3.36% from yesterday's ₹63.33 | Mint – Mint
Indian Overseas Bank share price Today Live Updates : Indian Overseas Bank closed today at ₹61.2, down -3.36% from yesterday’s ₹63.33 | Mint Mint
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Indian Overseas Bank Q4 results: Net profit rises record 24% to ₹808 crore
Indian Overseas Bank (IOB) on Thursday said the company reported a 24% increase in net profit to ₹808 crore—the highest-ever quarterly profit—for the quarter ended March 31, against ₹650 crore in the same quarter last year.
For the year ending March 31, 2024, the consolidated net profit grew to ₹2,665.66 crore from ₹2,103.99 crore a year ago. The operating profit rose to ₹1,961 crore from ₹1,882 crore year-over-year.
Indian Overseas Bank reports 24% jump in Q4 PAT with improvement in asset quality
SummaryIndian Overseas Bank reported a 4% rise in its operating profit at ₹1,961 crore during the quarter. Gross Advances rose by 16% to ₹2.19 lakh crore as of March 31, 2024. Total deposits increased by 10% to ₹2.85 lakh crore. The bank’s average cost of deposit stood at 4.7% as of March 31, 2024 against 4.13% as of March 31, 2023.Indian Overseas Bank (IOB) on Thursday reported a 24% year-on-year (YoY) increase in its net profit at ₹808 crore for the fourth quarter of fiscal year 2024. Shares of the bank traded nearly 0.25% higher on Friday afternoon.
The bank reported a 4% rise in its operating profit at ₹1,961 crore during the quarter. Gross Advances rose by 16% to ₹2.19…
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Source: https://upstox.com/news/market-news/earnings/indian-overseas-bank-reports-24percent-jump-in-q4-pat/
Indian Overseas Bank Q4 Results: Net profit hits record-high; asset quality improves; approves to raise ₹5,000 crore capital
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 slippages and higher recovery of non-performing assets (NPAs).Also read: IOB plans to sell 92 NPA loans for a total outstanding of ₹13,472 croreThe Chennai-headquartered public sector lender has received the board’s approval to raise capital of ₹5,000 crore in 3-4 tranches.“Over the past 6-8 quarters, IOB has recorded consistently strong performance across all critical parameters without any fluctuations. There is now complete stability, and…
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Indian Overseas Bank’s IT spend to be15-20% higher in FY25 over FY24 : Ajay Kumar Srivastava
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Given the disproportionate effect the digital ecosystem has had on the cash economy—driven in no small part by the world-beating unified payments interface—it is no surprise that information technology or IT is top of the agenda at all lenders. In keeping with that, Indian Overseas Bank (IOB) is expected to spend 15-20 percent more on its IT infrastructure in the current financial year than it did a year earlier, Ajay Kumar Srivastava, managing director and chief executive officer, told Moneycontrol in an…
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Indian Overseas Bank share price Today Live Updates : Indian Overseas Bank Stock Surges in Positive Trading
10 May 2024, 03:38 PM IST
Indian Overseas Bank Live Updates
10 May 2024, 03:13 PM IST
Indian Overseas Bank share price NSE Live :Indian Overseas Bank trading at ₹61.78, up 0.95% from yesterday’s ₹61.2
Indian Overseas Bank share price is at ₹61.78 and is still trading between the key support and resistance levels of ₹59.93 and ₹63.13 on a daily timeframe. If it crosses the support of ₹59.93 then we can expect a further bearish movement. On the other hand if the price crosses 63.13 then it will lead to a bullish movement.