News for Indian Overseas Bank (IOB.NS)

Union Bank of India and Indian Overseas Bank have reduced lending rates by 50 basis points, aligning with the RBI's recent rate moderation. This revision includes a decrease in the External Benchmark Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR), benefiting both new and existing retail and MSME borrowers. IOB's RLLR will decrease from 8.85% to 8.35%.

Indian Overseas Bank has revised its repo-linked lending rate to 8.35% from 8.85%, according to an exchange filing on Wednesday. The rate is lowered by 50 basis points and set to be effective from Thursday, IOB said. Last week, the RBI cut interest rates by a larger-than-expected 50 basis points, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy.

Cabinet Secretary TV Somanathan will convene a meeting next week to address the financial woes of MTNL, which faces significant loan defaults totaling ₹8,346 crore to state-run banks. The meeting aims to devise a revival strategy, focusing on asset monetization and potential business model adjustments, while exploring short-term measures to tackle immediate loan defaults and long-term solutions for minimizing losses.

Indian Overseas Bank introduced 'Locate IOB' for customers. This helps to find nearby branches and ATMs easily. Customers can access this tool on the IOB portal or website. It provides addresses, directions, and IFSC codes. Users can also call branches directly from the website. This initiative aims to improve customer support with easy access to information.

Kunal Rambhia, Fund Manager and Trading Strategist at The Streets, has shared his top stock picks for today. Rambhia recommends buying shares of Dam Capital Advisors Ltd., Indian Overseas Bank, and Rashtriya Chemicals and Fertilizers Ltd., providing specific stop-loss and target prices for each.

Analysts and brokerage chose Archean Chemical Industries Ltd., Indian Overseas Bank Ltd., PNB Housing Finance Ltd., Rashtriya Chemical & Fertilizers Ltd., and Voltas Ltd. for Tuesday's session.

Indian Overseas Bank (IOB) launches "Locate IOB" online tool for easy branch and ATM location access.

Vijay Mallya, facing accusations of bank loan defaults, has apologized for Kingfisher Airlines' collapse while denying being a thief. He expressed willingness to return to India under specific conditions, claiming his dues have been recovered multiple times over. Despite his claims, Mallya faces charges of criminal conspiracy, fraud, and money laundering, with investigating agencies detailing several cases against him.

Markets surge after RBI cuts rates, shifts stance, and injects liquidity, signaling support for growth and stability.

Indias banking sector saw a mixed Q4FY25, with private banks lagging and small/mid-sized banks outperforming. ICICI and HDFC Bank posted healthy profits, while SBI and Kotak disappointed. Public sector banks reported strong PAT growth. Analysts expect double-digit earnings growth in FY26, with multiple brokerage buy calls on leading banks.

Indian equities closed flat on Monday as IT and metal losses outweighed optimism from strong GDP data. Market consolidation persists amid global tariff worries and geopolitical tensions. Analysts highlight domestic resilience led by institutional flows and select sectors.

Several banks in India are offering competitive interest rates on vehicle loans, with slightly lower rates for electric vehicles to promote eco-friendly transportation. Among public sector banks, Indian Overseas Bank offers interest rates starting from 8.15% for electric vehicles and 8.35% for non-electric ones.

Tamil Nadu government partners with seven banks to offer free insurance benefits and concessions to state employees.

RBI's repo rate cuts in 2025, totaling 50 basis points, have lowered home loan interest rates below 8%. This reduction, following previous rate hikes, makes buying a home more affordable. Several public sector banks now offer floating-rate home loans with attractive interest rates, impacting EMIs based on credit score, benchmark rates, and loan amount.

In 2025, the Reserve Bank of India has already reduced the benchmark repo rate twice, leading to a dip in home loan interest rates to below 8% — the lowest since 2022. This decline in rates presents a valuable opportunity for homebuyers and homeowners, as it reduces interest outflows and enhances loan affordability.Data compiled by BankBazaar indicates that several banks and financial institutions are now offering home loans at competitive interest rates, ranging from 7.5% to 10%. Here’s how banking stocks have performed since RBI rate cuts: Home loan attractive amid falling interest rates

The government-backed Senior Citizen Savings Scheme (SCSS) and bank-offered Senior Citizen Fixed Deposits are two popular investment options for senior citizens to plan a steady income and the safety of capital.

Most PSBs have restricted their employees from choosing any pension fund under the NPS but SBI Pension Funds that has delivered the least returns over multiple time periods.

PSU bank stocks have underperformed in 2025, with several falling sharply despite decent Q4 earnings and macro tailwinds. SBI's results and performance remain critical for a sectoral revival. Technical charts indicate bullish potential, and analysts suggest being stock-specific, favouring names like SBI and Bank of Baroda.

The Supreme Court on Friday declared JSW Steel Limited's resolution plan for Bhushan Power & Steel Limited (BPSL) 'illegal' and ordered the latter's liquidation, four years after the company was acquired by JSW Steel under the Insolvency and Bankruptcy Code (IBC). Following the ruling, JSW Steel shares fell sharply.