Indian Overseas Bank

Indian Overseas Bank, Central Bank of India Can Be Privatised Soon? This Is What We Know So Far.. As per some latest reports, the government of India has now started inviting bids from many companies for their privatization. …

The bill would pave the way for two public sector banks to be privatised. Indian Overseas Bank (IOB) and Central Bank of India (CBoI) have said that there is no information regarding the reported privatisation of both. Why The…

Both the banks could see the sale of 51% stake in the first phase of disinvestment. Share prices of Central Bank of India and Indian Overseas Bank increased ahead of privatisation talks. Rise In Share Prices Central Bank of…

Privatization Of PSU Banks Should Stop: Employee Union With 1 Lakh Members Urge President Of India AIBOA has appealed to the President of India to advise the Council of Ministers to rescind the proposed moves to privatize two public…

She explained that the move to privatise these banks is so that they could become bigger, citing SBI as an example.  The govt will bring in amendments to the Banking Regulations Act and Banking Law Act to move ahead with the…

Govt hopes to raise around Rs 1.75 lakh crore from the privatisation program and LIC’s public listing. Central Bank of India and Indian Overseas Bank (IOB) will be the next in the Union Budget’s privatisation drive to be sold off to…

Bank Of India, IOB & 2 Other Govt Banks Will Be Sold To Private Firms; Employees Oppose We had earlier reported about the government's plans of privatizing two PSU banks which Finance Minister, Nirmala Sitaraman mentioned in her…

There have been over 50,000 bank fraud cases hitting the Indian banks in the last 11 fiscal years. Right from big PSBs to small ones, private banks even international banks with their branches in India, these financial institutions…

Fraudsters have now resorted to fake banking apps, to steal data from gullible users. And they are doing this with some fair amount of success as well. As per a recent report by IT Security firm, as many as 160,000 users may have been…

The reason is convenience fee and MDR, which is charged from the customer. IRCTC wants a portion of that, and banks are refusing to give that.