News for Indian Overseas Bank (IOB.NS)

RBI imposes penalties on Indian Bank and Indian Overseas Bank for non-compliance, totaling over ₹2.24 crore.

The Reserve Bank of India (RBI) has, by an order dated April 17, 2025, imposed a monetary penalty of ₹63.60 lakh (Rupees Sixty three lakh sixty thousand only)...

RBI imposes penalties on Indian Bank, Indian Overseas Bank, and MMFSL for non-compliance with directions, including collateral security issues.

MTNL Loan Default: Late on Saturday last week, MTNL said it had defaulted on loan repayments of more than ₹8,346 crore to multiple banks led by Union Bank of India. State-owned Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab & Sind Bank and Indian Overseas Bank are also creditors of the company, according to the disclosures.

Amidst market volatility, high beta stocks experienced steeper declines, with many falling significantly from their peaks. Low beta stocks demonstrated greater resilience, declining less on average. Factors like global trade tensions, FII selling, and concerns over corporate earnings have contributed to market wobbles. However, recent FII buying and expectations of India's economic outperformance offer some tailwinds.

MTNL defaults on bank loans worth ₹8,346.24 crore; Adani Ports acquires Australian coal terminal; BHEL posts revenue growth.

Infosys Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Adani Ports and Special Economic Zone Ltd., Kolte-Patil Developers Ltd. and GAIL (India) Ltd. will be among the stocks in focus before going into trade on Monday. Divi’s Laboratories, Zydus Lifesciences and Tata Consultancy Services will be some of the other stocks to watch before going into trade on Monday.

India-Business News: State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,346 crore from seven public sector banks, the company said in a regulatory filing. .

MTNL defaults on Rs 33,568 crore debt, including bank loans and sovereign guarantee bonds, as per regulatory filing.

Foreign institutional investors (FIIs) increased their holdings in several large-cap stocks during the March quarter of FY25, according to data from StockEdge. Here are 10 Nifty 500 companies where FIIs raised their stake in Q4: Bluechip Bets

"The total outstanding principal amount stands at Rs 7,794.34 crore, while the interest due is Rs 482.97 crore," MTNL said in its filing.

PSU banks have rebounded, delivering up to 23% returns in a month, driven by RBIs rate cut stance and improving asset quality. Experts see further upside, with stocks like SBI, BoB, and Canara Bank showing strong potential.

Tax Saving Fixed Deposit: It is a type of deposit scheme where you can get tax deductions under section 80C. Know its features and benefits.

The bank’s repo-linked lending rate (RLLR) has now been reduced from 9.05% to 8.80%.

Indian banks' market cap trends in Q1 2025, with state-owned banks facing declines and private banks showing growth.

Indian Overseas Bank on Friday reduced its repo-linked lending rate, or RLLR, by 25 basis points. The bank's existing RLLR for lending was 9.10%, and has been slashed to 8.85%, according to an exchange filing on Friday. The revised EBLR will be effective from Saturday, April 12.

Banks are set for a muted Q4FY25 due to slower loan growth and NIM pressure. Analysts expect modest earnings, stable asset quality, and elevated credit costs. Private banks may outperform PSU peers. Stock selection should favour strong franchises with liquidity buffers as rate cuts further squeeze margins.

Banks cut interest rates on loans after RBI reduces repo rate, likely to boost demand for loans and economic growth.

Data from ACE Equity shows Bajaj Finance is the top performer in finance and banking space with a robust 29% YTD return till April 8, 2025