Hyderabad: The Detective Department Hyderabad arrested two persons on charges of cheating a bank of Rs 1.39 crore after obtaining loans. The arrested persons Mudavath Srinivas Naik (37) and Palathya Ravi (25), residents of Saidabad, along with six others obtained a loan of Rs 1.39 crore from the Indian Overseas Bank Pathergatti Branch for starting […]
Earlier, NITI Aayog has submitted the names of a few public sector banks (PSB) and one public sector general insurer which can be sold off under the government's new privatisation policy.
Central Bank of India, Indian Overseas Bank, Bank of Maharashtra and Bank of India are some of the names that may be considered for privatisation by the Core Group of Secretaries on Disinvestment.
Infusion will be made in the next few days, the sources said, adding the biggest beneficiary of this round of capital infusion would be the banks that are under the prompt corrective action
Hyderabad: The CBI on Friday booked six former officials of the Indian Overseas Bank in Andhra Pradesh’s Vijayawada and Guntur for allegedly misappropriating Rs 4.56 crore of depositors money. It was alleged that the secretary, Arogya Bhadratha was maintaining savings accounts with Indian Overseas Bank, Mangalagiri Branch in Guntur district and having four deposits of […]
It was alleged that the bank officials and unknown persons entered into a conspiracy and closed the four deposit accounts of the Arogya Bhadratha Secretary without any request from the account holder.
IOB which has posted profit for the last three consecutive quarters, expects to continue the trend in the remaining part of the current fiscal year with focus on recovery and business pick up
