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This achievement places IOB alongside notable peers such as State Bank of India (SBI), Bank of Baroda, Punjab National Bank, and Union Bank of India
The collaboration facilitates co-lending and loan syndication for a diverse range of renewable energy projects across the country
For fixed deposits that mature in 7 to 45 days, the bank will continue to grant an interest rate of 4.50%, and for those that mature in 46 to 90 days, Indian Overseas Bank (IOB) will continue to offer an interest rate of 4.75%.
The RBI fined Chennai-based public sector lender Indian Overseas Bank Rs 1 crore.
The scheduled commercial banks' one-year median MCLR has climbed from 7.75 % in September
The net profit after tax increased significantly from Rs703 crore last year to Rs893 crore for the half-year ending September 30, 2022.
The state-owned lender located in Chennai said that it will seek shareholder permission before increasing equity capital.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.