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Hong Kong Monetary Authority Slaps Indian Overseas Bank with Hefty Fine for AML Lapses

Michael Lee 23 Jul, 2025

The Hong Kong Monetary Authority fines Indian Overseas Bank's Hong Kong branch HK$8.5 million for lapses in anti-money laundering controls, alongside penalties for other banks. The...

Business

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

Emily Rodriguez 25 Mar, 2025

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 ...

Business

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

Jessica Bennett 21 Dec, 2024

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.

Indian Overseas Bank News

Hong Kong Monetary Authority Slaps Indian Overseas Bank with Hefty Fine for AML Lapses

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

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

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