Indian Overseas Bank (IOB) Current Affairs, GK & News
IOB out of RBI PCA Framework
Reserve Bank of India (RBI) has moved out the public sector lender Indian Overseas Bank (IOB) from Prompt Corrective Action (PCA) framework after its financial and credit profile improved. Key Points This decision provides lender more freedom to lend, especially to corporations and grow the network. IOB was placed under PCA in October 2015 because of high Net-Performing ..
Month: Current Affairs - September, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Indian Overseas Bank (IOB) • Ministry of Finance • Non-performing Asset • PCA Regime • Prompt Corrective Action • Reserve Bank of India (RBI) • UCO Bank
Sebi exempts govt from making open offer to IOB shareholders
Capital market regulator, Securities and Exchange Board of India (SEBI) exempted the government from making an open offer to public shareholders for acquiring shares of Indian Overseas Bank (IOB). The order was issued after the Government planned to raise its stake in IOB by 5% to 79 % by infusion of Rs 1,200 Crore. After the ..
Month: Current Affairs - December, 2013
Topics: Current Affairs 2013 • Economy • IBPS • Indian Overseas Bank (IOB) • SEBI