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Indian Overseas Bank (IOB)

₹67.210.31%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Performance

  • Day's Low

    Day's High

    ₹67.05
    ₹68.18
  • 52 Week's Low

    52 Week's High

    ₹23.7
    ₹83.75
1 Month Return+ 8.58 %
3 Month Return+ 11.83 %
1 Year Return+ 176.58 %
Previous Close₹67.42
Open₹67.70
Volume95.44L
Upper Circuit-
Lower Circuit-
Market Cap₹1,27,440.06Cr

Company Information

Indian Overseas Bank (IOB) is an Indian public sector bank established in 1937, headquartered in Chennai. It is one of the leading banks in India with a wide network of branches and ATMs spread across the country.

IOB offers a wide range of banking services such as deposits, loans, credit cards, insurance, mutual funds, foreign exchange, and more. It is a full-service bank with a focus on retail and corporate banking services. Its core lines of business include retail banking, corporate banking, NRI banking, agri-business banking, and SME banking.

The bank's top products include savings accounts, current accounts, fixed deposits, recurring deposits, home loans, personal loans, car loans, gold loans, credit cards, and more. Popular IOB brands include IOB-Udaan, IOB-Wealth, IOB-Ease, IOB-Secure, and IOB-Gyan.

IOB has over 3,400 branches and 4,000 ATMs across India. It also has a presence in 19 countries, including the United States, the United Kingdom, Singapore, Hong Kong, and the United Arab Emirates.

Share Price: ₹67.21 per share as on 14 Jun, 2024 04:01 PM
Market Capitalisation: ₹1,27,440.06Cr as of today
Revenue: ₹9,112.67Cr as on March 2024 (Q1 24)
Net Profit: ₹810.42Cr as on March 2024 (Q1 24)
Listing date: 13 Dec, 2000
OrganisationIndian Overseas Bank
Headquarters
IndustryBanks
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Key events for Indian Overseas Bank

  • Indian Overseas Bank Launches Exclusive Start-up Branch - 06 Jun, 2024

    Indian Overseas Bank has launched an exclusive start-up branch in Chennai, providing bespoke financial services and comprehensive support to budding entrepreneurs. The bank aims to eliminate financial obstacles and empower entrepreneurs to bring their visions to fruition, aligning with the government's promotion of entrepreneurship and start-up culture. IOB intends to open five more start-up branches nationwide.

  • Indian Overseas Bank Introduces Tab Banking Services with Facial Authentication - 01 Jun, 2024

    Indian Overseas Bank has opened its 50th regional office in Tirupati and introduced tab banking services using facial authentication for account opening. This innovative process ensures immediate KYC compliance and allows instant opening of savings bank accounts and access to various services within minutes, eliminating the need to visit any branch.

  • Indian Overseas Bank Shares Gain Momentum - 28 May, 2024

    Indian Overseas Bank shares have rallied over 63% this year due to improved financial numbers. The bank aims to cut gross NPAs by 100 basis points to 2.10% and maintain margins at 3.25%-3.30%. Technical analysis suggests that IOB shares could rise to ₹85. Angel One's analyst recommends IOB as his top pick with potential to reach Rs 81-82 levels. IOB also put up NPAs worth over Rs2,660 crore for sale. Overall

  • Indian Overseas Bank Reports Net Profit of Rs. 808 Crore for Q4 - 25 May, 2024

    Indian Overseas Bank reported a net profit of Rs. 808 crore for Q4, with an operating profit increase of 13.8% and total business standing at Rs. 5,04,923 crore as of March 31, 2024. The bank plans to open 88 new branches per year and introduced three new RuPay debit card variants and launched online real-time safe deposit locker allocation with digital document execution.

  • Indian Overseas Bank Plans Expansion Across India - 24 May, 2024

    Indian Overseas Bank is set to expand its presence by opening 88 new branches across India, with a focus on serving unbanked rural areas. The bank's total business has crossed Rs 5 lakh crore, showcasing substantial growth.

  • Indian Overseas Bank's Q4 FY24 Results Show Significant Improvement - 22 May, 2024

    Indian Overseas Bank's NPA reduced from 1.83% to 0.57%, with net profit increasing by 24%. Interest income rose 21% YoY.

  • Indian Overseas Bank Stock Up 4.02% on NSE - 21 May, 2024

    Indian Overseas Bank stock is up 4.02% on the NSE, with a 179.83% increase in the last year compared to a 23.17% jump in NIFTY and an 81.53% jump in the Nifty PSU Bank index. The PE of the stock is 46.18 based on TTM earnings ending March 24.

  • Indian Overseas Bank Employees Fear Job Losses Amidst Privatization Talks - 20 May, 2024

    The proposed privatization of state-run lenders, including Indian Overseas Bank, has caused concern among bank employees who fear job losses and pension cuts. Unions have threatened indefinite strikes in response to any adverse announcements.

  • IOB Receives Interest for Loan Portfolio; May Seek Extension on Promoter Stake Deadline - 14 May, 2024

    Indian Overseas Bank has received interest from several asset reconstruction companies for its loan portfolio worth Rs 13,472 crore. Meanwhile, the bank is likely to approach the central government to extend the deadline to lower its promoter stake below 75%.

  • Indian Overseas Bank Reports Strong Financial Results - 10 May, 2024

    Indian Overseas Bank (IOB) reported strong financial results for Q4 FY23 and FY24, with a rise in net profit, operating profit, and improved asset quality. The bank also announced plans to maintain margins and reduce NPAs while increasing IT spending.

  • IOB Reports Highest-Ever Quarterly Profit in Q4 FY24 - 09 May, 2024

    Public sector Indian Overseas Bank reported a consolidated net profit of Rs.810.42 crore for Q4 FY24, the highest-ever quarterly profit. The bank's asset quality improved as Gross Non-Performing Assets (NPAs) declined to 3.10% from 7.44% YoY. Consolidated total income surged to Rs.29,730.97 crore compared to Rs.23,523.42 crore last year.

Insights on Indian Overseas Bank

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, IOB has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 6.23K Cr → 9.11K Cr (in ₹), with an average increase of 11.8% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 1 year, IOB stock has moved up by 176.6%

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.03% to 0.05% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 4 quarters, 504.03 Cr → 810.42 Cr (in ₹), with an average increase of 14.6% per quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, IOB has outperformed top 5 stocks with highest market-cap in Banks

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 96.38% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 2.30% to 2.28% in Mar 2024 quarter

Indian Overseas Bank Valuation

Indian Overseas Bank in the last 5 years

  • Overview

  • Trends

Lowest (17.06x)

June 20, 2022

Industry (19.23x)

June 14, 2024

Today (47.67x)

June 14, 2024

Highest (59.89x)

February 7, 2024

LowHigh

Mutual Fund Holdings

Funds Holdings
Nippon India Nifty Smallcap 250 Index Fund Dir GrNippon India Nifty Smallcap 250 Index Fund Dir Gr0.33%
SBI Nifty Smallcap 250 Index Fund Direct GrowthSBI Nifty Smallcap 250 Index Fund Direct Growth0.33%
Motilal Oswal Nifty Smallcap 250 Index Fund Direct GrowthMotilal Oswal Nifty Smallcap 250 Index Fund Direct Growth0.33%
ICICI Prudential Nifty Smallcap 250 Index Fund Direct GrowthICICI Prudential Nifty Smallcap 250 Index Fund Direct Growth0.33%
HDFC Nifty Smallcap 250 Index Fund Direct GrowthHDFC Nifty Smallcap 250 Index Fund Direct Growth0.33%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
96.38%
0.00
Foreign Institutions
0.05%
0.00
Mutual Funds
0.06%
0.00
Retail Investors
2.28%
0.00
Others
1.23%
0.00

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Indian Overseas Bank (IOB) share price today is ₹67.21

Indian Overseas Bank is listed on NSE

Indian Overseas Bank is listed on BSE

  • Today’s highest price of Indian Overseas Bank is ₹68.18.
  • Today’s lowest price of Indian Overseas Bank is ₹67.05.

PE Ratio of Indian Overseas Bank is 47.67

PE ratio = Indian Overseas Bank Market price per share / Indian Overseas Bank Earnings per share

Today’s traded volume of Indian Overseas Bank(IOB) is 95.44L.

Today’s market capitalisation of Indian Overseas Bank(IOB) is ₹127440.06Cr.

Indian Overseas Bank(IOBPrice
52 Week High
₹83.75
52 Week Low
₹23.7

Indian Overseas Bank(IOB) share price is ₹67.21. It is down -19.75% from its 52 Week High price of ₹83.75

Indian Overseas Bank(IOB) share price is ₹67.21. It is up 183.59% from its 52 Week Low price of ₹23.7

Indian Overseas Bank(IOBReturns
1 Day Returns
-0.21%
1 Month Returns
8.58%
3 Month Returns
11.83%
1 Year Returns
176.58%