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Tag: Indian Overseas Bank

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Indian Overseas Bank Gets Rs 4360 Cr Capital Infusion

New Delhi: Public sector Indian Overseas Bank has received capital infusion of Rs 4,360 crore from the government. In a regulatory filing to the stock exchanges, the bank said it has received the amount as contribution of the government in preferential allotment of equity shares during the financial year 2019-20 as government’s investment. The bank […]

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Miscreants decamp with Rs 35 lakh in Bhubaneswar

Bhubaneswar: A group of miscreants looted cash worth Rs 35 lakh from a car near Phulnakhara square of Bhubaneswar today. The incident occurred when some employees of Indian Overseas Bank were transporting the cash to Bhubaneswar from Niali in a private car. As per reports, five to six masked miscreants intercepted the car and looted […]

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Banks reduce interest on home, auto loans post-RBI cut

Mumbai: Within days of the Reserve Bank of India (RBI) lowering its key lending rate, state-run State Bank of India (SBI) on Tuesday reduced its benchmark marginal cost of funds based lending rate (MCLR) and home loan rates, effective from April 10. SBI reduced its MCLR by 5 basis points (0.05 per cent) across all […]

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Notorious Inter-state bank robber Madhab Ravi Das nabbed in Bihar

Bhubaneswar: Notorious inter-state bank robber Madhab Ravi Das, who is wanted in four states including Odisha, Bihar, West Bengal and Jharkhand, was nabbed by Bihar Police today. According to sources, a team of Odisha police has left for Bihar to bring Das on a 15-day remand. Das is reported to be involved in robberies at […]

IBPS recruitment 2019 exam notification
IBPS Recruitment 2019-20: Notification out for 4102 Probationary posts; Get Details Here

Institute of Banking Personnel Selection (IBPS) has released a recruitment notification for the positions of Probationary Officer/ Management Trainee under IBPS recruitment 2019-20. Interested and eligible candidates can apply for the positions from August 14, 2018 while the deadline to submit application form is September 4, 2018. Selection Process: The examination will be two tier […]

RBI imposes penalty of Rs 3 cr on Axis Bank

Mumbai: The Reserve Bank of India (RBI) has imposed a penalty of Rs 3 crore on private sector Axis Bank for violation of non-performing asset (NPA) classification norms, and Rs 2 crore on state-run Indian Overseas Bank (IOB) for not complying with the Know Your Customer (KYC) regulations, the banking regulator said on Monday. A […]

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