Indian Overseas Bank (IOB) has informed about the following:
1. The Board of Directors of the Bank at their meeting held on April 28, 2008 approved / took on Record the Audited financial results for the year ended March 31, 2008 and considered / recommended a dividend of 32% (Rupees Three and Paise twenty only per equity share of Rs 10/- each) for the financial year 2007-2008. The aforesaid dividend was to be payable to those share holders of the bank who were on the Register of Shareholders as on May 06, 2008.
2. Upon a proposal for reconsideration of dividend received by the Bank from the Government of India, the Majority shareholder of the Bank, late in the evening on June 11, 2008, a meeting of the Board of Directors is being convened on June 13, 2008 to :
- Reconsider the Audited financial results for the year ended March 31, 2008, now revised and
- Recommend dividend afresh payable to those share holders of the bank who were on the Register of Shareholders as on May 06, 2008.
June 15, 2008
IOB updates - recommends dividend
January 30, 2008
IOB Q3FY08 Results
Indian Overseas Bank (IOB) has announced the following Unaudited results for the quarter ended December 31, 2007:
The Bank has posted a net profit of Rs 3081.846 million for the quarter ended December 31, 2007 as compared to Rs 2467.806 million for the quarter ended December 31, 2006. Total Income has increased from Rs 16080.722 million for the quarter ended December 31, 2006 to Rs 22953.448 million for the quarter ended December 31, 2007.
October 29, 2007
IOB Q2FY07 Results
Indian Overseas Bank (IOB) has announced the following Unaudited results for the quarter ended September 30, 2007:
The Bank has posted a net profit of Rs 3197.038 million for the quarter ended September 30, 2007 as compared to Rs 2498.544 million for the quarter ended September 30, 2006. Total Income has increased from Rs 14685.312 million for the quarter ended September 30, 2006 to Rs 21047.794 million for the quarter ended September 30, 2007.
