Raghuram Mallela | Business Upturn

Indian Overseas Bank postpones earnings call originally scheduled for 29 April 2026

Kinjal — Fri, 24 Apr 2026 14:58:35 +0000

Indian Overseas Bank has announced the postponement of its earnings call and analyst meet, which was initially slated for 29 April 2026. The call was intended to discuss the audited financial results for the quarter and year ending 31 March 2026. Originally scheduled to take place virtually at 17:00 IST, the meeting will now be conducted in person in Mumbai. The bank has stated that the revised date, time, and venue for the meeting will be communicated in due course.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Indian Overseas Bank reduces MCLR by 5 bps effective 15 April 2026

Yash Agarwal — Mon, 13 Apr 2026 13:32:13 +0000

Indian Overseas Bank has announced a reduction in its Marginal Cost of Funds based Lending Rate (MCLR) by 5 basis points (bps) for select tenors. This decision was made during the Asset Liability Management Committee (ALCO) meeting held on 13 April 2026. The revised rates will come into effect from 15 April 2026.

The bank has reduced the Overnight, 1-Year, and 2-Year MCLR by 5 bps each. The Overnight MCLR will decrease from 7.95% to 7.90%, while the 1-Year and 2-Year MCLR will both be reduced from 8.80% to 8.75%. The rates for the One-Month, Three-Month, Six-Month, and Three-Year MCLR remain unchanged at 8.20%, 8.40%, 8.65%, and 8.85%, respectively.

The revised MCLR rates are part of the bank’s periodic review of its lending rates, aimed at ensuring competitive pricing for its customers. The changes are effective from 15 April 2026 and will remain in place until the next review.

The decision to revise the MCLR is significant for borrowers as it directly impacts the interest rates on loans linked to these benchmarks. A reduction in MCLR typically results in lower interest rates for borrowers, thereby reducing the cost of borrowing.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Indian Overseas Bank reports ₹3,165 crore in outstanding debt securities as of March 2026

Business Desk — Tue, 07 Apr 2026 13:33:51 +0000

Indian Overseas Bank has disclosed its half-yearly statement of debt securities, revealing a total outstanding amount of ₹3,165 crore as of 31 March 2026. The statement, submitted in accordance with SEBI guidelines, details various debt issues by the bank.

The bank’s debt securities include four issuances, each with distinct terms and conditions. The first issuance, with an ISIN of INE565A08035, was issued on 24 September 2019 and is set to mature on 24 September 2029. This issuance carries a coupon rate of 9.0802% with an annual interest payment frequency, and the entire issued amount of ₹500 crore remains outstanding.

Another notable issuance, with an ISIN of INE565A08043, was issued on 31 March 2022 and will mature on 31 March 2032. This issuance has a coupon rate of 8.60% and also features an annual interest payment frequency. It includes a call option at the end of the fifth year, subject to prior approval from the Reserve Bank of India (RBI). The issued amount of ₹665 crore remains fully outstanding.

The third issuance, identified by ISIN INE565A08050, was released on 24 March 2023 and is due to mature on 24 March 2033. With a coupon rate of 9.00% and an annual interest payment frequency, this issuance also includes a call option at the end of the fifth year. The entire issued amount of ₹1,000 crore is outstanding.

The most recent issuance, with an ISIN of INE565A08068, was issued on 23 January 2026 and is set to mature on 23 January 2036. This issuance carries a coupon rate of 7.80%, with interest paid annually. It features a call option at the end of the fifth year, pending RBI approval. The full issued amount of ₹1,000 crore remains outstanding.

The debt securities are managed by IDBI Trusteeship Services Ltd and SBICAP Trustee Company Limited, ensuring compliance and oversight.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Indian Overseas Bank reduces one-month MCLR by 10 bps effective 15 March 2026

Business Desk — Thu, 12 Mar 2026 12:33:54 +0000

Indian Overseas Bank has announced a reduction in its one-month Marginal Cost of Funds based Lending Rate (MCLR) by 10 basis points, effective from 15 March 2026. This decision was made during the Asset Liability Management Committee meeting held on 12 March 2026.

The revised one-month MCLR will now stand at 8.20%, down from the previous rate of 8.30%. Other MCLR tenors, including overnight, three-month, six-month, one-year, two-year, and three-year, remain unchanged at 7.95%, 8.40%, 8.65%, 8.80%, 8.80%, and 8.85% respectively. The bank’s adjustment reflects its ongoing efforts to optimise its lending rates in line with market conditions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).