Indian Overseas Bank to e-auction 92 non-performing loans worth Rs 13,471.68 crore. Loans include consortium arrangements, NCLT cases, sole banking ventures. Gross NPA reduced to 3.90% by December 31, 2023.
Edelweiss ARC to acquire education loan portfolio of Indian Overseas Bank at 60% discount : Rashtra News #Edelweiss #ARC #acquire #education #loan #portfolio #Indian #Overseas #Bank #discount Edelweiss Asset Reconstruction Company won a distressed education loan portfolio at a 60% discount from Indian Overseas Bank () at an auction last week, said people aware of
The benchmark Nifty 50 ended 0.4% down at 21771.70 points, and the Sensex closed 0.5% lower at 71731.42 points. On the other hand, the Nifty PSE index closed 2% higher at 9189.20 points.
In Friday s trade, the stock rose over 6.5% to hit a 52-week high at Rs 55.5, backed by heavy volumes on the NSE. A total of 5.71 crore equity shares worth Rs 310.7 crore have changed hands so far. IOB is the fifth public lender after the State Bank of India (SBI), Bank of Baroda, Punjab National Bank (PNB), and Union Bank of India to cross the market capitalization of Rs 1 lakh crore.
India Business News: Indian Overseas Bank (IOB) reported a 30% increase in net profit to Rs 723 crore for the December quarter 2023-24. The bank's total income increased t