Indian Overseas Bank has received upgrade in credit rating for Basel III Tier II bonds at ICRA AA- to ICRA AA with revision in outlook from Positive to Stable. Powered by Capital Market - Live News

Net profit of Indian Overseas Bank rose 24.31% to Rs 779.62 crore in the quarter ended September 2024 as against Rs 627.18 crore during the previous quarter ended September 2023. Total Operating Income rose 17.67% to Rs 6853.94 crore in the quarter ended September 2024 as against Rs 5824.90 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income6853.945824.90 18 OPM %53.4451.43 - PBDT984.35635.50 55 PBT984.35635.50 55 NP779.62627.18 24 Powered by Capital Market - Live News

Indian Overseas Bank will hold a meeting of the Board of Directors of the Company on 17 October 2024.Powered by Capital Market - Live News

Indian Overseas Bank has increased the Base Rate by 10 bps to 10.00% with effect from 15 August 2024. Powered by Capital Market - Live News

Indian Overseas Bank has revised the MCLR with effect from 15 August 2024 as under: TenorMCLR (%) Change Overnight8.20  --  One month 8.45 +5bps Three month   8.60+5bpsSix month  8.85+5bps  One year  9.00+5bps  Two year   9.00+5bps   Three year   9.15+10bps Powered by Capital Market - Live News