BANKING & FINANCE
Indian Overseas Bank Bets On Digital, RAM For Next Phase Of Growth
Indian Overseas Bank (IOB) is entering a new phase of strategic growth anchored in financial stability, customer-centric transformation and operational efficiency, with a sharper focus on retail, agriculture and MSME (RAM) segments and technology-led delivery. The bank said rising adoption of mobile banking, UPI and internet banking is reshaping customer engagement, while fintech partnerships and […]
CW Bureau
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Jun 11, 2026
BANKING & FINANCE
RBI’s Policy Signals Focus On Stability Amid Global Uncertainties: IOB Chief
The Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25% and maintain a neutral policy stance reflects a balanced and prudent approach aimed at preserving macroeconomic stability amid an uncertain global environment, according to Indian Overseas Bank (IOB). Growth momentum remains resilient Commenting on the RBI’s latest monetary policy decision, Indian […]
CW Bureau
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Jun 6, 2026
BANKING & FINANCE
IOB Secures IFSCA Approval To Open Banking Unit At GIFT City Of Gujarat
Chennai-headquartered public sector lender Indian Overseas Bank (IOB) has received approval from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU) as a branch at GIFT City in Gujarat. The approval marks IOB’s entry into India’s premier international financial services hub and is expected to strengthen its capabilities in serving […]
CW Bureau
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Jun 2, 2026
BANKING & FINANCE
Indian Overseas Bank Q3 Net Rises 56.18% On Improved Asset Quality
Public sector lender Indian Overseas Bank (IOB) reported December quarter standalone net profit rose 56.18% to ₹1,365 crore against ₹874 crore in the year earlier period due to improved performance and asset quality. Net interest income increased by 18.29% to ₹3,299 crore. Domestic net interest margin rose to 3.42% from 3.35% in Q2FY26. Gross Non-Performing […]
CW Bureau
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Jan 15, 2026
