Indian Overseas Bank Corporate Actions

IOB Faces ₹558.96 Crore Tax Demand

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The notice has been served under Section 156 of the Income Tax Act, 1961 on account of some disallowances and additions made in the assessment order.

IOB Receives ₹699.52 Crore GST Demand

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The demand notice was issued after the bank’s GST filings were audited annually. Officials found discrepancies in the filings that resulted in the tax claim.

Top Stocks for Today - 13th January 2025

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Here are some of the stocks that may see significant price movement today: Avenue Supermarts, Just Dial, PCBL, etc.

Indian Overseas Bank’s Q2 net profit up by 24% y-o-y

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The gross non-performing asset (GNPA) ratio was 2.72% in the September quarter, compared to 2.89% in the June quarter.

IOB Secures ₹123.87 Crore Income Tax Refund for FY 2021-22

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The order confirms a tax refund amounting to ₹123.87 Crore, including interest under Section 244A, for the assessment year 2021-22.

Indian Overseas Bank Q1 net profit jumps 26.5% y-o-y to ₹632.80 Crore

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The provision coverage ratio also increased to 96.96% as of the June quarter, up from 96.85% in the same quarter last fiscal.