Page-2 of Indian Overseas Bank

Relaxation of Norms under PCA Framework

January 16, 2019

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 ..

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Public Sector Banks in India

November 27, 2018

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. ..

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

January 25, 2018

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 ..

Current Affairs: Top Headlines September 6, 2013

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 ..

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Mini Current Affairs : Current Affairs : Business & Economy

September 13, 2009

August 13, 2009: Urban horticulture scheme of Indian Overseas BankIndian Overseas Bank has introduced a new scheme IOB-Urban Horticulture.What is this scheme about?A loan can be availed (minimum loan amount is Rs. 10,000 and it may go up to Rs. ..

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