Corporate News     08-Aug-22
Indian Overseas Bank revises lending rates
With effect from 10 August 2022
Indian Overseas Bank has revised the Marginal Cost of funds, Repo Linked Lending Rate and Benchmark Prime Lending Rate with effect from 10 August 2022.

Tenor-wise MCLR
Overnight - 6.95%
One month - 7.05%
Three month - 7.60%
Six month - 7.60%
One year - 7.65%
Two year - 7.70%
Three year - 7.70%

The Bank has revised the Repo Linked Lending Rate to 8.25% (i.e. 5.40% + 2.85%) with effect from 10 August 2022.

The Bank has reduced the Benchmark Prime Lending Rate of the Bank by 200 basis points from existing 15.50% to 13.50% with effect from 10 August 2022.

Previous News
  Indian Overseas Bank hikes base rate by 35 bps to 9.45%
 ( Corporate News - 13-Nov-23   18:46 )
  Indian Overseas Bank standalone net profit rises 20.06% in the June 2022 quarter
 ( Results - Announcements 08-Aug-22   08:25 )
  Indian Overseas Bank to convene board meeting
 ( Corporate News - 17-Apr-24   09:17 )
  Indian Overseas Bank consolidated net profit rises 18.82% in the March 2023 quarter
 ( Results - Announcements 13-May-23   07:37 )
  Indian Overseas Bank Spikes 2.56%, S&P BSE PSU index Rises 1.14%
 ( Hot Pursuit - 02-Nov-23   09:30 )
  Indian Overseas Bank to discuss results
 ( Corporate News - 26-Jul-23   11:28 )
  Indian Overseas Bank
 ( Results - Analysis 19-May-22   08:35 )
  Indian Overseas Bank to announce Quarterly Result
 ( Corporate News - 27-Jul-21   10:24 )
  Indian Overseas Bank registers PAT of Rs 376 crore in Q2 FY22
 ( Hot Pursuit - 27-Oct-21   15:31 )
  Board of Indian Overseas Bank to consider capital raising plan for FY2025
 ( Corporate News - 16-Apr-24   19:37 )
  Indian Overseas Bank to discuss results
 ( Corporate News - 14-Aug-20   10:24 )
Other Stories
  Aarti Industries allots 13,178 equity shares under ESOP
  04-Jul-24   20:31
  FSN E-Commerce Ventures announces incorporation of subsidiary in Qatar
  04-Jul-24   20:30
  Board of KDDL to consider proposal for buyback of shares
  04-Jul-24   20:28
  Aptech allots 821 equity shares under ESOP
  04-Jul-24   20:27
  InterGlobe Aviation allots 1.88 lakh equity shares under ESOS
  04-Jul-24   20:25
  H.G. Infra Engineering announces incorporation of step-down subsidiary
  04-Jul-24   20:21
  Raymond demerges its real estate biz into Raymond Realty
  04-Jul-24   20:15
  UTI AMD allots 13,512 equity shares under ESOS
  04-Jul-24   20:12
  DCB Bank announces change in senior management
  04-Jul-24   20:08
  Network 18 Media & Investments appoints director
  04-Jul-24   20:02
Back Top