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Indian Overseas Bank eyes $650 million foreign deposits by September
Indian Overseas Bank aims to gather $650 million in foreign currency deposits by September. The bank has already secured $300 million without utilizing leverage options. Overall, the lender plans to raise one billion dollars through deposits and external borrowing. This projection follows a significant 49.3% jump in first quarter net profit. The bank also reported strong growth in advances and net interest income.
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economictimes.indiatimes.com
Indian banks mobilise $20.7 billion under RBI's special incentive window
In a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a swap facility provided by the Reserve…
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thehindubusinessline.com
Indian Overseas Bank net rises 49% in Q1FY27 on higher NII, recoveries
Indian Overseas Bank reports a 49% net profit rise in Q1FY27, driven by higher NII and improved asset quality.
