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Indian Overseas Bank announces minimum balance charges waiver for savings accounts
Indian Overseas Bank waives penal charges for minimum average balance. This applies to savings accounts with immediate effect. The Chennai-based bank aims to provide relief to customers. This decision makes banking easier for account holders. It reflects a commitment to customer-centricity and financial inclusion. Charges for the period up to September 30, 2025, will be levied as per existing rules.
cityfalcon.com·1mo ago
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FTSE Index Rejig: Indian Overseas Bank, MCX among eight Indian stocks to join All-World Index from September 22
The eight Indian companies joining the global index are Indian Overseas Bank, Authum Investments, Hexaware Technologies, Cholamandalam Financial Holdings, Godfrey Phillips India, JK Cement, Multi Commodity Exchange of India (MCX), and Narayana Hrudayalaya.
cityfalcon.com·2mo ago
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IOB, UCO, Punjab & Sind, Central Bank: Hold Off On Fresh Buys, Says SEBI Analyst
The analyst advised caution on these stocks, noting that all four lenders are trading below their 200-DMA.
Stocktwits·2mo ago
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V K Sasikala paid Rs 450 Cr in old notes to buy sugar factory in Tamil Nadu during demonetisation: CBI
Central Bureau of Investigation has filed a case regarding the purchase of a sugar factory. V K Sasikala allegedly paid Rupees 450 crore in old currency during demonetisation. The payment was for Padmaadevi Sugars Limited. The Indian Overseas Bank faced a loss of Rupees 120 crore. Income tax department seized documents related to the deal.
cityfalcon.com·2mo ago
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CBI alleges Sasikala bought Kancheepuram sugar mill for Rs 450cr in cash during notebandi; bank fraud probe on
CBI is investigating a suspected Rs 120-crore bank fraud case involving Padmaadevi Sugars Ltd, whose directors are accused of cheating Indian Overseas Bank (IOB). The probe was initiated following Madras HC directions. During demonetisation, V K Sasikala allegedly bought the sugar factory in Kancheepuram for Rs 450 crore in cash, according to an FIR.
cityfalcon.com·2mo ago
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60 organic farmers take part in banks outreach programme in Puducherry
Indian Overseas Bank in Puducherry hosts awareness meeting on agriculture schemes for organic farmers, featuring various experts and officials.
cityfalcon.com·2mo ago

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