Indian Overseas Bank

By Dharamraj Dhutia

MUMBAI, June 29 (Reuters) - Some Indian banks could see stronger interest margins in the July-September quarter as the central bank's measures boost rupee liquidity and reduce the cost of borrowing for funds that mature within a year, four bankers said.

Certificates of deposit (CDs), which banks use to raise funds for up to one year, have seen rates plunge by up to 60 basis points over the past three weeks.

The Financial Benchmarks India Ltd three-month CD reference rate fell to 6.65% last Friday from 7.25% on June 4.

The Reserve Bank of India's moves to attract foreign currency inflows are expected to bring in billions of dollars, boosting liquidity, lowering funding costs and reducing reliance on CDs, a relatively expensive source of funding.

State-run Canara Bank, among the biggest issuers of CDs, expects the measures to help it refinance existing liabilities at much cheaper rates, said MD & CEO Brajesh Kumar Singh.

"It will help our net interest margins," said Singh.

At its June 5 policy, the RBI said it will bear hedging costs for non-resident foreign currency deposits of 3- to 5-year maturities raised by banks through September 30.

"The (RBI) measures strengthen the ability to mobilise stable, longer-tenor deposits," said Ajay Kumar Srivastava, MD & CEO at Indian Overseas Bank.

MORE ROOM TO FALL

Abhishek Bisen, head of fixed income at Kotak Mutual Fund, believes that CD rates could fall further.

"Current CD yields continue to price in a significant degree of monetary tightening and have room to ease," said Bisen.

The spread between the three-month treasury bill yield and a CD of similar maturity issued by state-run lenders was at 140 bps on Thursday, down from a six-year high of more than 200 bps three months ago.

"Over the next three months, we see the spread normalising towards 100 bps, driven by lower CD issuance requirements," Bisen added.

(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)

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June 2 (Reuters) - Indian Overseas Bank IOBK.NS:

• INDIAN OVERSEAS BANK - RECEIPT OF LICENSE FROM IFSCA FOR ESTABLISHING IFSC BANKING UNIT AT GIFT IFSC

Source text: ID:nBSE4LNPDm

Further company coverage: IOBK.NS

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April 29 (Reuters) - Indian Overseas Bank IOBK.NS:

• GLOBAL NIM STANDS AT 3.25% IN Q4FY26

Source text: ID:nBSE7cndjw

Further company coverage: IOBK.NS

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By Dharamraj Dhutia

MUMBAI, April 8 (Reuters) - India's central bank said on Wednesday it will allow financial institutions, corporates and non-banking financial companies to access the term money market.

Analysts said the move could boost liquidity and improve pricing of short-term borrowings across tenures, but may hurt mutual funds.

Currently, only banks and standalone primary dealers can trade in the uncollateralised market, where funds are borrowed and lent for 15 days to one year. The Reserve Bank of India did not say when the new rules will take effect.

"Broadening participation in the term money market will deepen financial markets, enhance systemic efficiency, and strengthen overall financial stability," Ajay Kumar Srivastava, managing director and CEO at Indian Overseas Bank, said.

The central bank will also raise borrowing limits for standalone primary dealers and outline a framework for the changes soon, it said in its policy statement earlier in the day.

"An active-term money market, apart from providing an alternative funding avenue to the market participants, also helps in enhancing monetary policy transmission by creating a link between the overnight money market and longer-term interest rates," the Reserve Bank of India said in its statement.

Volumes in the term money market have been historically low.

Daily average volumes were 14.7 billion rupees ($158.74 million) from April 2025 to January 2026, compared with 41.7 billion rupees in notice money, where funds are exchanged for 2-14 days, and 274 billion rupees in the overnight call money market, central bank data showed.

Corporates and NBFCs park excess cash in liquid mutual fund schemes, and direct participation in term money could hurt these funds.

Allowing them direct bilateral access to borrow or deploy surplus funds would be a meaningful step but could also affect liquid funds, said Soumyajit Niyogi, director at India Ratings & Research.

"Given the unsecured nature of such transactions, the framework will need tight safeguards — both prudential and counterparty-specific limits to avoid distortions in credit behavior."

($1 = 92.6025 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

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March 30 (Reuters) - Indian Overseas Bank IOBK.NS:

• INDIAN OVERSEAS BANK - RECEIVES PENALTY ORDER OF 82.4 MILLION RUPEES

Source text: ID:nNSE6t2SSx

Further company coverage: IOBK.NS

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March 27 (Reuters) - Indian Overseas Bank IOBK.NS:

• RECEIVES INCOME TAX DEMAND NOTICE FOR 6.43 BILLION RUPEES

Source text: ID:nNSE2Cq6XL

Further company coverage: IOBK.NS

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March 25 (Reuters) -

• ADDS INDIAN OVERSEAS BANK TO BC PARTNER NETWORK

Source text: ID:nBSE2NyPs9

Further company coverage: IOBK.NS

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March 12 (Reuters) - Indian Overseas Bank IOBK.NS:

• ONE YEAR MCLR UNCHANGED, WEF MARCH 15

Source text: ID:nBSEbwX3SW

Further company coverage: IOBK.NS

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March 10 (Reuters) - Indian Overseas Bank IOBK.NS:

• RECEIVES TAX DEMAND ORDER WORTH 5.02 BILLION RUPEES

Source text: ID:nBSE3WwvQY

Further company coverage: IOBK.NS

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March 3 (Reuters) - Indian Overseas Bank IOBK.NS:

• GETS 7.66 BILLION RUPEES TAX DEMAND

Source text: ID:nBSE8Hj8pp

Further company coverage: IOBK.NS

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MUMBAI, Jan 22 (Reuters) - Indian Overseas Bank IOBK.NS has accepted bids worth 10 billion rupees ($109.95 million) for Basel III-compliant Tier II bonds maturing in 10 years, two bankers said on Thursday.

The state-run lender will pay an annual coupon of 7.80% to the investors of this issue and had invited bids earlier in the day, they said.

The bond will have a call option at the end of five years.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on January 22:

*Size includes base plus greenshoe for some issues

(Reporting by Dharamraj Dhutia)

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MUMBAI, Jan 20 (Reuters) - Indian Overseas Bank IOBK.NS plans to raise 10 billion rupees ($109.95 million), including a greenshoe option of 5 billion rupees, through Basel III-compliant Tier II bonds maturing in 10 years, two bankers said on Tuesday.

It has invited coupon and commitment bids for the issue on Thursday, they said.

The bond will have a call option at the end of five years.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on January 20:

*Size includes base plus greenshoe for some issues

($1 = 90.9470 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)

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Jan 14 (Reuters) - Indian Overseas Bank IOBK.NS:

• INDIAN OVERSEAS BANK DEC-QUARTER NET PROFIT 13.65 BILLION RUPEES

• INDIAN OVERSEAS BANK DEC-QUARTER GROSS NPA 1.54%

• INDIAN OVERSEAS BANK DEC-QUARTER INTEREST EARNED 81.72 BILLION RUPEES

• INDIAN OVERSEAS BANK DEC-QUARTER PROVISIONS AND CONTINGENCIES 12.36 BILLION RUPEES

• INDIAN OVERSEAS BANK DEC-QUARTER PROVISIONS FOR NPA 3.08 BILLION RUPEES

Source text: [ID:]

Further company coverage: IOBK.NS

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Jan 13 (Reuters) - Indian Overseas Bank IOBK.NS:

• INDIAN OVERSEAS BANK - MAINTAINS ONE YEAR MCLR AT 8.80%

Source text: ID:nBSE1sS5cv

Further company coverage: IOBK.NS

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Dec 16 (Reuters) -

• GOVERNMENT OF INDIA TO SELL UP TO 385.1 MILLION SHARES OF INDIAN OVERSEAS BANK VIA OFFER FOR SALE - BSE NOTICE

• GOVERNMENT OF INDIA TO SELL SHARES OF INDIAN OVERSEAS BANK VIA OFS AT FLOOR PRICE OF 34 RUPEES PER SHARE - BSE NOTICE

• INDIA GOVERNMENT MAY ADDITIONALLY SELL 192.6 MILLION SHARES IN INDIAN OVERSEAS BANK OFS VIA OVERSUBSCRIPTION OPTION - BSE NOTICE

Further company coverage: IOBK.NS

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** Indian Overseas Bank IOBK.NS rises 2.7% to 39.90 rupees

** Bank to receive income tax refund of 8.35 bln rupees ($93.6 mln)

** IOBK down ~23% YTD

($1 = 89.2000 Indian rupees)

(Reporting by Vijay Malkar)

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Oct 16 (Reuters) - Indian Overseas Bank IOBK.NS:

• INDIAN OVERSEAS BANK- SEPT QUARTER NET PROFIT 12.26 BILLION RUPEES

• INDIAN OVERSEAS BANK- SEPT QUARTER INTEREST EARNED 78.49 BILLION RUPEES

Source text: ID:nNSE8GMfKg

Further company coverage: IOBK.NS

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Sept 11 (Reuters) - Indian Overseas Bank IOBK.NS:

• INDIAN OVERSEAS BANK - ONE YEAR MCLR REDUCED TO 8.85%, EFFECTIVE SEPT 15

Source text: ID:nBSE4xjc11

Further company coverage: IOBK.NS

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Aug 18 (Reuters) - Mahanagar Telephone Nigam Ltd (MTNL) MTNL.NS has defaulted on loan repayments worth 86.59 billion rupees ($990.48 million) to a group of seven public sector banks, the state-run telecom company said on Monday.

In July, MTNL had disclosed defaults of 85.85 billion rupees to the same lenders.

The default includes 77.94 billion rupees in principal and 8.65 billion rupees in overdue interest to lenders including Union Bank of India UNBK.NS, Bank of India BOI.NS, Punjab National Bank PNBK.NS and State Bank of India SBI.NS.

The debt-laden operator, which has long struggled with falling subscriber numbers, mounting losses and shrinking relevance in India’s highly competitive telecom market, has been surviving largely on government support and debt roll-overs.

MTNL’s total debt has risen to 345.77 billion rupees ($3.96 billion) as of July 31, from 344.84 billion rupees in June-end, which also includes sovereign-guaranteed bonds and loans from the Department Of Telecommunications.

($1 = 87.4225 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Janane Venkatraman)

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Aug 11 (Reuters) - Indian Overseas Bank IOBK.NS:

• REVISES ONE-YEAR MCLR TO 8.90% EFFECTIVE AUG 15

Source text: ID:nBSE8sq0S3

Further company coverage: IOBK.NS

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** Indian Overseas Bank IOBK.NS rises as much as 2.4% to 40.7 rupees

** Bank's Q1 net profit jumps ~76% y/y; gross NPA ratio at 1.97% versus 2.89% a year earlier

** IOBK down 23% YTD

(Reporting by Yagnoseni Das in Bengaluru)

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July 14 (Reuters) - Indian Overseas Bank IOBK.NS:

• INDIAN OVERSEAS BANK REVISES ONE-YEAR MCLR TO 9.00% FROM 9.10%, EFFECTIVE JULY 15

Source text: ID:nBSE2krRCP

Further company coverage: IOBK.NS

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May 2 (Reuters) - Indian Overseas Bank IOBK.NS:

• APPROVES RAISING EQUITY CAPITAL UP TO 40 BILLION RUPEES

• APPROVES RAISING TIER II CAPITAL UP TO 10 BILLION RUPEES

Source text: ID:nBSE6401Pl

Further company coverage: IOBK.NS

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April 25 (Reuters) - Indian Overseas Bank IOBK.NS:

• INDIA CENBANK: RBI IMPOSES MONETARY PENALTY ON INDIAN OVERSEAS BANK

• RBI: PENALTY OF 6.4 MILLION RUPEES ON INDIAN OVERSEAS BANK DUE TO NON-COMPLIANCE WITH NORMS ON COLLATERAL FREE AGRICULTURAL, MSME LOANS

Source text: [ID:]

Further company coverage: IOBK.NS

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March 25 (Reuters) - Indian Overseas Bank IOBK.NS:

• RECEIVES NOTICE OF INCOME TAX DEMAND

• DEMAND OF 5.59 BILLION RUPEES

Source text: ID:nBSE81hxYf

Further company coverage: IOBK.NS

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March 19 (Reuters) - Indian Overseas Bank IOBK.NS:

• BOARD APPROVES ISSUE OF LONG TERM INFRA BONDS WORTH 100 BILLION RUPEES

• APPROVED ISSUE OF LONG TERM INFRA BONDS DURING FY 2024-25

Source text: ID:nBSE8v2bM5

Further company coverage: IOBK.NS

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March 7 (Reuters) - Indian Overseas Bank IOBK.NS:

• TO CONSIDER FUND RAISING BY ISSUE OF LONG TERM INFRASTRUCTURE BONDS

Source text: ID:nBSE2YXZH

Further company coverage: IOBK.NS

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** Shares of Indian Overseas Bank IOBK.NS fall as much as 5.8% to 41 rupees, lowest since December 21, 2023

** IOBK eyes its third straight session of falls

** The lender got tax demand from Deputy Commissioner, Chennai for liability of 7 billion rupees ($80.15 million)

** More than 8.7 mln shares change hands, 1.7x its 30-day avg

** Stock down 16% so far this year

($1 = 87.3360 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Feb 28 (Reuters) - Indian Overseas Bank IOBK.NS:

• INDIAN OVERSEAS BANK - RECEIVES TAX LIABILITY DEMAND OF 7 BILLION RUPEES

Source text: ID:nBSE3P10Cj

Further company coverage: IOBK.NS

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