• Home
  • >
  • Indian Overseas Bank
indian-overseas-bank Logo

Indian Overseas Bank

 
NSE
BSE

Banks

Large Cap

₹61.15
-2.25   (-3.55 %) down
As on 09 May, 2024 16:00
Graph not available
Graph not available

Open Demat Account

50years
*By signing up you agree to our terms & conditions
50 Years
of Trust & Legacy
₹0 AMC
for First Year
₹0 Brokerage
on Delivery, Intraday, Currency and NSE F&O
left-arrow
Fundamentals
Financials
Shareholding
Resistance/Support
Delivery and Volume
About
Management
News
Similar Stocks
right-arrow
left-arrow
Fundamentals
Financials
Shareholding
Resistance/Support
Delivery and Volume
About
Management
News
Similar Stocks
right-arrow

Indian Overseas Bank Performance

Today's Low
60.65
arrowIcon
Today's High
64.20
52 Wk Low
23.55
arrowIcon
52 Wk High
83.75

Open

63.7

Traded Value (Cr)

121.24 Cr

Prev. Close

63.4

VWAP

62.51

Volume

1,08,29,402

Face Value

10

Indian Overseas Bank Fundamentals

Market Cap
₹ 1,17,951 Cr
P/E Ratio (TTM)
46.92
P/B Ratio
4.91
Debt to Equity
0.00
ROE
9.38 %
EPS (TTM)
1.33
Dividend Yield
0.00%
Book Value
12.70

Click here to know more about Fundamentals

Indian Overseas Bank Financials

Indian Overseas Bank Financials

Indian Overseas Bank Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 96.38 % 96.38 % 96.38 % 96.38 %
Retail 1.90 % 1.86 % 1.71 % 1.69 %
Others 1.61 % 1.67 % 1.67 % 1.76 %
Mutual Funds 0.06 % 0.06 % 0.09 % 0.08 %
FII 0.05 % 0.03 % 0.15 % 0.09 %

Promoters

96.38%

Retail

1.90%

Others

1.61%

Mutual Funds

0.06%

FII

0.05%

Promoters

96.38%

Retail

1.86%

Others

1.67%

Mutual Funds

0.06%

FII

0.03%

Promoters

96.38%

Retail

1.71%

Others

1.67%

Mutual Funds

0.09%

FII

0.15%

Promoters

96.38%

Retail

1.69%

Others

1.76%

Mutual Funds

0.08%

FII

0.09%

Resistance and Support

₹63.15

PIVOT

resistance-arrow
Resistance
First Resistance₹64.650
Second Resistance₹66.900
Third Resistance₹68.400
support-arrow
Support
First Resistance₹60.900
Second Resistance₹59.400
Third Resistance₹57.150
RSI49.041
MACD0.742
ADX27.222
CCI-85.748

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day10,829,4021,978,21418.27
Week12,511,8253,650,34726.71
1 Month15,787,5336,780,31435.79
6 Months14,344,2974,203,50829.30

Period

Day

Week

1 Month

6 Months

About Indian Overseas Bank

IOB Share Price Today

Indian Overseas Bank (IOB) was established in 1937 by Shri. M.Ct.M. Chidambaram Chettyar to specialise in foreign exchange banking and expand its global presence. With 195 branches in India, IOB had an aggregate deposit of ₹67.70 Cr and advances of ₹44.90 Cr on the eve of Nationalisation in 1969. In 1973, IOB formed United Asian Bank Berhad and acquired the Bank of Thailand in 1990. The bank launched an IPO in 2000 and a Follow-on Public Offer (FPO) in 2003, and introduced debit cards in 2005. In 2011, IOB expanded its branches to 1,000 in Tamil Nadu and launched Bank on Wheels in 13 districts in Tamil Nadu, and one each in Kerala and Andhra Pradesh. Allahabad Bank was merged into IOB in April 2020. Checkout Indian Overseas Bank share price history for more insights.

Business Segments

IOB Bank's Financial Segment Overview:

  • Domestic Deposits: Accepts public deposits across the country.
  • Domestic Advances: Provides loans to retail, Agri, and MSME sectors.
  • Overseas Operations: Offers banking services to overseas customers.
  • Treasury Operations & Investments: Manages financial assets and liabilities, ensures liquidity, and provides MSME services.

Key Personnel of Indian Overseas Bank

Ajay Kumar Srivastava, CEO and Managing Director

On January 1, 2023, Shri Ajay Kumar Srivastava was elevated from the role of Executive Director to MD and CEO of IOB. In 1991, he started working for Allahabad Bank as a probationary officer (PO). As a result, he worked across the nation in a variety of roles. 

Management Outlook of IOB Bank

  • The bank has developed a digital strategy that is prepared for the future, with an emphasis on the "e-Sankalp" digital transformation path. The plan centres on expanding digitally and improving core technology capacities.
  • Because of the government's significant rise in capital expenditures, IOB is hopeful about double-digit credit growth, which might lead to total PSB business growth.

Track Indian Overseas Bank share price BSE & NSE today with BlinkX. 

Highlights of Indian Overseas Bank's Results

Indian Overseas Bank Announces Q3FY24 Quarterly Results

  • As of December 31, 2023, the total business was Rs 4,94,209 crore, up from Rs 4,32,530 crore the previous year.
  • From Rs 2,57,480 crore on December 31, 2022, to Rs 2,78,046 crore on December 31, 2023, total deposits increased.
  • By December 31, 2023, the Bank's CASA was at Rs 1,20,915 crore at 43.49%, up from Rs 1,14,591 crore at 44.50% in the same period the previous year.

Managing Director

Ajay Kumar Srivastava

Founded

1937

NSE Symbol

IOB

Indian Overseas Bank Management

NameDesignation
Ajay Kumar SrivastavaManaging Director & CEO
Nandakumaran SCompany Sec. & Compli. Officer
S SrimathyExecutive Director
DEEPAK SHARMANon Official Director
Suresh Kumar RungtaNon Official Director
VIVEK AGGARWALNominee (RBI)
B Chandra ReddyNon-official Director
Sanjay Vinayak MudaliyarExecutive Director
Sanjaya RastogiDirector (Shareholder)

Indian Overseas Bank News

Indian Overseas Bank consolidated net profit rises 23.61% in the March 2024 quarter
Total Operating Income rise 27.70% to Rs 6633.50 crore
Indian Overseas Bank drops for fifth straight session
Indian Overseas Bank is quoting at Rs 62.15, down 4.02% on the day as on 13:19 IST on the NSE. The stock jumped 50.48% in last one year as compared to a 21.88% rally in NIFTY and a 71.52% spurt in the Nifty PSU Bank index.
Indian Overseas Bank announces board meeting date
On 9 May 2024
Board of Indian Overseas Bank approves raising capital up to Rs 6000 cr
At meeting held on 22 April 2024
Indian Overseas Bank board to mull fund raising proposal
Indian Overseas Bank (IOB) said that its board will meet on Monday, 22 April 2024, to consider raising funds for financial year 2024-2025 through various modes.
Indian Overseas Bank to convene board meeting
On 22 April 2024
Board of Indian Overseas Bank to consider capital raising plan for FY2025
On 22 April 2024
Indian Overseas Bank revises base rate to 9.70%
With effect from 15 February 2024
Indian Overseas Bank soars 4.95%, up for fifth straight session
Indian Overseas Bank is quoting at Rs 65.75, up 4.95% on the day as on 12:44 IST on the NSE. The stock is up 151.43% in last one year as compared to a 23.57% spurt in NIFTY and a 66.96% spurt in the Nifty PSU Bank.
Indian Overseas Bank up for third straight session
Indian Overseas Bank is quoting at Rs 53.8, up 3.36% on the day as on 12:49 IST on the NSE. The stock is up 101.12% in last one year as compared to a 22.58% jump in NIFTY and a 70.45% jump in the Nifty PSU Bank index.

Similar Stocks

CompanyMarket CapMarket PriceP/E Ratio
HDFCBANK₹ 10,99,652 Cr
₹ 1,447.50
(-2.37 %)
18.09
ICICIBANK₹ 7,83,922 Cr
₹ 1,115.70
(-0.65 %)
19.17
SBIN₹ 7,31,639 Cr
₹ 819.80
(1.11 %)
11.02
AXISBANK₹ 3,44,450 Cr
₹ 1,115.65
(-1.15 %)
13.85
KOTAKBANK₹ 3,26,635 Cr
₹ 1,643.10
(-0.32 %)
23.69
Company
HDFCBANK
ICICIBANK
SBIN
AXISBANK
KOTAKBANK

Indian Overseas Bank FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Indian Overseas Bank shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Indian Overseas Bank's share price is ₹61.15 as of May 9, 2024

Indian Overseas Bank's P/E ratio is 46.92 times as of May 9, 2024.

Indian Overseas Bank's most recent financial reports indicate a price-to-book ratio of 4.91, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Indian Overseas Bank's market is 117,951 Cr as on May 9, 2024.

The current financial records of Indian Overseas Bank show a 9.38% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Indian Overseas Bank stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Indian Overseas Bank's 52-week high and low as of May 9, 2024 are ₹64.2 and ₹60.65 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Indian Overseas Bank stands at 96.38%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 0.03% to 0.05%.