Page-2 of Indian Overseas Bank Current Affairs, GK & News

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 regulatory capital requirement and step up lending and boost overall growth. With this latest capital infusion, the government has now the government has now provided Rs 1,00,958 crore ..

Month: 

Topics: 

Relaxation of Norms under PCA Framework

It is said that the finance ministry and the Reserve Bank of India are working on providing some relaxation on the prompt corrective action (PCA) framework for stressed banks. Prompt Corrective Action (PCA) Framework Prompt Corrective Action (PCA) framework has been issued by the RBI to maintain the sound financial health of banks. The RBI will initiate ..

Month: 

Topics: 

Public Sector Banks in India

Public Sector Banks in India refers to those banks in which the Government equity / shareholding is more than 50%. At present, there are 22 Public Sector Banks in India of which 21 are scheduled commercial banks while one viz. India Post Payment Bank is a payment bank. These along with their current government equity ..

Topics: 

IOB signs pact with National Housing Bank for Rural Housing Interest Subsidy Scheme scheme

The Indian Overseas Bank (IOB) has recently signed a MoU with National Housing Bank (NHB) for implementing the Rural Housing Interest Subsidy Scheme (RHISS) of the Union Ministry of Rural Development (MoRD). The purpose of the RHISS is to provide subsidy for housing loans taken by those living in rural areas for construction and modifications ..

Category: 

Topics: 

Current Affairs: Top Headlines September 6, 2013

Iran to set free Indian tanker after 24 days of detention Iran ordered release of an Indian tanker detained by it for the past 24 days at its Bandar Abbas port after being seized in Persian Gulf while carrying crude from Basrah in Iraq. The move comes after hectic negotiations between the two nations with ..

Month: 

Category: 

Topics: