Indian Overseas Bank

According to sources, Central Bank of India and Indian Overseas Bank are likely candidates for privatisation

HDFC Bank hiked marginal cost of funds based lending rate (MCLR) by 25 bps across all tenures up to 7.7 per cent, effective May 7

Several banks have revised their lending rates based on repo and marginal cost of funds

'This MoU will help the bank in leveraging innovation through the financial technologies engaged under the FinBlue initiative,' the statement said

The lender came up with a Basel-III compliant bond issue with base size of Rs 200 crore and green shoe option of Rs 600 crore

With this, Deepak Kumar, nominated by the government as the RBI nominee director, ceases to be a director on the board with effect from Friday, the lender added

The public sector lender's net interest margin declined to 2.4 per cent in Q3FY22 from 2.45 per cent in Q3FY21

The bank, which came out of the RBI's prompt corrective action (PCA) framework in September 2021, is aiming the net profit to touch around Rs 1,600 crore in the current financial year

Banks clarify no such negotiation or event taking place

The clarification comes a day after Centre's legislative agenda for Winter Session hinted at tabling of Banking Laws (Amendment) Bill 2021 bill for privatisation of two public sector banks

Shares of Raymond Ltd and IOB are showing extreme bullish outlook on the charts

Total income down marginally by 1% to Rs 5,376 crore; asset quality shows signs of improvement

Gross NPAs stood at 10.66 per cent (Rs 15,666 crore), down from 13.04 per cent (Rs 17,660 crore)

The capital position of banks will be reviewed in the next quarter for infusion requirement

RBI removed the public sector bank from the PCA framework after six years citing improvement in the bank's financial health

IOB was placed under PCA in October 2015 on account of high net-performing assets and negative Return on Assets (RoA).

IOB is not in breach of PCA parameters as per its March quarter earnings, says RBI

Central Bank in its annual report for 2020-21 said it was complying with the PCA framework norms meticulously

Total income during the first quarter of 2021-22 was seen at Rs 5,155 crore, down marginally by 1.5% from Rs 5,234 crore a year ago

Meeting quorum of board sub-committees becomes difficult sometimes, say bankers