Indian Overseas Bank News

Income Tax Dept Demands Rs 559 Crore from Indian Overseas Bank: A Deep Dive into the Financial Standoff

The income tax department has demanded Rs 559 crore from Indian Overseas Bank (IOB) under Section 156 of the Income Tax Act, 1961. IOB plans to appeal, citing strong legal grounds ...

IOB's Q3 Profit Surges 30% to Rs 723 Crore: A Closer Look

Indian Overseas Bank reports a 30% rise in net profit for Q3 2023-24, reaching Rs 723 crore, driven by improved core income and reduced bad loans.