Indian Overseas Bank (IOB), one of India’s leading public sector banks, has reported a significant financial performance for the fiscal year 2023-2024. Demonstrating robust growth, IOB recorded its highest-ever net profit of ₹808 crores for the fourth quarter and ₹2,656 crores for the entire fiscal year. This performance marks a notable improvement in both operating […]
In a significant move to bolster renewable energy projects across India, Indian Renewable Energy Development Agency Ltd. (IREDA) and Indian Overseas Bank (IOB) have entered into a strategic partnership. This collaboration was formalized with the signing of a Memorandum of Understanding (MoU) at IREDA’s Business Centre in New Delhi, marking a major leap forward in […]
Indian Overseas Bank (IOB) has reported a net profit of Rs. 500 crores for the quarter ended 30th June 2023 (Q1 FY24), as compared to Rs. 392 crores for the quarter ended 30th June 2022. This commendable financial performance is further emphasized by the bank’s improvement in key financial metrics. The bank has managed to […]
Indian Overseas Bank (IOB) has posted a net profit of INR 650 crores for the fourth quarter of the fiscal year 2023 (Q4 2023), an increase of 17.7%, compared to INR 552 crores for the same quarter of the previous fiscal year. The net profit of the Indian public sector bank in the previous quarter, […]