Indian Overseas Bank Business Update
Indian Overseas Bank disclosed RBI findings on understated risk weights for some exposures. It states no net profit impact, with CRAR remaining well above minimums.
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Indian Overseas Bank disclosed RBI findings on understated risk weights for some exposures. It states no net profit impact, with CRAR remaining well above minimums.
Indian Overseas Bank has announced a revision in its Marginal Cost of Funds based Lending Rate (MCLR) effective from 15.08.2026.
Indian Overseas Bank reduced its Base Rate by 10 bps to 9.70% effective May 15, 2026. The revision follows a periodic review of its rate workings.
Indian Overseas Bank has announced a 5 bps reduction in its Overnight, 1-Year, and 2-Year MCLR, effective from April 15, 2026. The 1-Year MCLR now stands at 8.75%. Other tenors remain unchanged. This adjustment reflects the bank's periodic review of its lending rate structure based on current market conditions.