Topic: Indian Overseas Bank
Indian Overseas Bank launches an healthcare insurance policy in collaboration with Universal Sompo General Insurance Company Ltd
Public sector Indian Overseas Bank unveiled a healthcare insurance policy through online platform in association with Universal Sompo General Insurance Company Ltd. The policy offered on real time...Merger of Public Sector Banks
The government has unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders. Proposed Merger Punjab National...
Karnam Sekar appointed as new MD and CEO of Indian Overseas Banks
Dena Bank’s former Managing Director Karnam Sekar has been appointed as the new Managing Director (MD) and Chief Executive Officer (CEO) of Indian Overseas Bank. He would take...
EASE Index Report
The BCG-IBA report EASE Reforms for Public Sector Banks measures the performance of each PSB on 140 objective metrics across 6 themes. The 6 themes are: Customer Responsiveness:...
RBI Removes three Banks from PCA Framework
The Reserve Bank of India (RBI) has removed three banks, Dhanlaxmi Bank, Allahabad Bank and Corporation Bank from the PCA framework by moving them out of its weak-bank...
Capital Infusion of Rs. 48,239 Crore into 12 State-Run Banks
The government has approved the capital infusion of Rs. 48,239 Crore into 12 State-Run Banks. The capital inclusion has been undertaken to ensure the lenders are able to maintain... 