Indian Overseas Bank will hold a meeting of the Board of Directors of the Company on 9 February 2023.

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Indian Overseas Bank dropped for a fifth straight session today. The stock is quoting at Rs 27.1, down 5.24% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.88% on the day, quoting at 17556.4. The Sensex is at 59263.69, down 1.56%.Indian Overseas Bank has eased around 15.71% in last one month.Meanwhile, Nifty Pharma index of which Indian Overseas Bank is a constituent, has eased around 9.49% in last one month and is currently quoting at 4040.3, down 5.37% on the day. The volume in the stock stood at 198.56 lakh shares today, compared to the daily average of 650.28 lakh shares in last one month.

The PE of the stock is 28.27 based on TTM earnings ending September 22.

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Indian Overseas Bank dropped for a fifth straight session today. The stock is quoting at Rs 29.6, down 4.05% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.12% on the day, quoting at 17897.85. The Sensex is at 60069, down 1.12%.Indian Overseas Bank has gained around 10.24% in last one month.Meanwhile, Nifty Pharma index of which Indian Overseas Bank is a constituent, has eased around 3.82% in last one month and is currently quoting at 4322.2, down 3.01% on the day. The volume in the stock stood at 262.73 lakh shares today, compared to the daily average of 1452.84 lakh shares in last one month.

The PE of the stock is 30.54 based on TTM earnings ending September 22.

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Indian Overseas Bank has revised the Marginal Cost of Funds based Lending Rate with effect from 10 January 2023 as under:

Overnight - 7.70%
One month - 7.75%
Three month - 8.05%
Six month - 8.20%
One year - 8.30%
Two year - 8.40%
Three year - 8.45%

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