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Time of India
5 days ago
- Business
- Time of India
IOB LBO admit card 2025 released for July 12 exam at iob.in; download here
IOB LBO admit card 2025 released for July 12 exam; download at (AI Image) IOB LBO admit card 2025: The Indian Overseas Bank (IOB) has officially released the admit card for the Local Bank Officer (LBO) Exam 2025. Candidates who have applied for this recruitment can now download their hall tickets from the official website The exam is scheduled to be held on July 12, 2025, across multiple centres throughout India. This announcement comes as a crucial update for all aspirants preparing for the IOB LBO examination, providing them access to their admit cards well ahead of the exam date. The admit card is a mandatory document that candidates must carry to the examination centre for verification purposes. How to download the IOB LBO admit card 2025 To obtain the IOB LBO admit card, candidates should follow the official procedure available on the bank's website. Here are the steps to download the admit card online: Step 1: Visit the official website of Indian Overseas Bank at Step 2: Locate the 'Recruitment' or 'Careers' section on the homepage. Step 3: Find the link for 'IOB LBO Admit Card 2025' and click on it. Step 4: Enter your registration number and date of birth in the required fields. Step 5: Submit the details and download the admit card. Take a printout for future reference. Direct link to download the IOB LBO admit card 2025 Important details about the IOB LBO exam The IOB LBO recruitment offers 400 vacancies for the post of Local Bank Officer. Candidates must possess a graduation degree from a recognised university or an equivalent qualification approved by the Central Government. The age limit is set between 20 and 30 years, with relaxation available as per government norms. The selection process consists of an online written examination, a local language test, personal interview, document verification, and a medical examination. The exam fee for general, EWS, and OBC candidates is INR 850 inclusive of GST, while SC, ST, and PwBD candidates pay INR 175 as intimation charges. Successful candidates can expect a starting basic salary of INR 48,480, with increments as per the pay scale. The official notification and admit card provide essential guidelines and instructions to be followed on exam day, ensuring a smooth examination experience for all candidates. Candidates are advised to download their admit cards at the earliest and check all details carefully to avoid last-minute issues. For further updates, regularly visit the official website Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
Time of India
02-07-2025
- Business
- Time of India
IOB AGM gives nod for raising Rs 4,000 cr
Chennai: Indian Overseas Bank (IOB) shareholders approved a special resolution for the bank to raise equity share capital of up to Rs 4,000 crore. The special resolution was among the eight resolutions that were passed during its 25th Annual General Meeting conducted through virtual mode on Wednesday. It would be through follow-on public offer, rights Issue, Qualified Institutional Placements (QIP), issue of shares to employees under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, issue of shares on preferential basis to LIC and other insurance companies, mutual funds, qualified institutional buyer (QIB) or any other mode during the current fiscal (2025- 2026), the bank informed the stock exchange.
Indian Express
30-06-2025
- Business
- Indian Express
Gujarat: CBI court sentences former bank manager, 4 others to five years' RI in fraud case dating back to 2006
Five persons, including a former bank manager, have been sentenced to five years of Rigorous Imprisonment (RI) and a total fine of Rs 3.5 lakh in a bank fraud matter dating back to 2006. The Special Judge for CBI cases, Court No. 06, in Ahmedabad convicted five accused, including Ravinder Sakhram Pathak, the then Manager of Indian Overseas Bank (IOB) in Porbandar, on Monday. A statement from CBI on Monday said the court convicted and levied a fine of Rs 1 lakh each on three firms – M/s Tulsi Pharma Distributors, Porbandar; M/s Tulsi Telecom, Porbandar; and M/s Vachhraj Petroleum, Porbandar; in the case of conspiracy, cheating, forgery of valuable securities, forgery for the purpose of cheating, and using forged documents as genuine, and criminal misconduct. The CBI said it had registered the case on April 17, 2012, on the basis of a complaint of the then Chief Regional Manager of IOB, against Pathak, Tulsi Pharma Distributors, Tulsi Telecom, and Vachhraj Petroleum, along with one Rajshibhai alias Raju Chanchiya and another person. According to the allegations, the accused firms, through its key partners, Chanchiya and the other accused, in conspiracy with Pathak, had committed a fraud and availed various CC (cash credit) limits and term loan accounts by mortgaging already sold properties, submitting fabricated valuation reports, availing double financing against the machinery already hypothecated to the bank, and mortgaging the same properties with another bank. The fraud had caused the bank a loss to the tune of Rs 224.75 lakh, it was alleged. According to the CBI statement, 'Investigation revealed that R S Pathak… from December 2006 to June 2007, had forwarded the proposal of (the three companies) with recommendation to IOB Regional Office, Ahmedabad, without proper scrutiny as per the applicable provisions of the manual, especially when taking over loans from other banks.' The statement further noted, 'He had not confirmed whether the properties offered as security to IOB Porbandar were actually owned by Chanchiya or not. Chanchiya had deposited the original sale deed with IOB Porbandar for a property which was already sold by him. This was not verified by him (Pathak). He had disbursed the advance to the party before creation of charge over immovable properties, which were to be done before disbursement of advance as stipulated in sanction endorsement.' It further said, 'He (Pathak) failed to get vetted security loan documents by the bank's approved lawyer before disbursement of advance facility. He also failed to make an equitable mortgage before disbursement of advance facility. He had wrongly informed IOB, RO (regional office), Ahmedabad, vide letter dated 19.05.2007, that collateral security in each account is obtained as per IOB, RO, Ahmedabad sanction. The false valuation reports prepared by manipulation of one valuation report and one estimate for repair for one property were not scrutinised thoroughly by Pathak.' On December 10, 2012, the CBI filed a chargesheet against Pathak and the three companies for criminal conspiracy, cheating, forgery of valuable securities, forgery for the purpose of cheating, and using forged documents as genuine, and criminal misconduct. After the trial, the court found the accused guilty and sentenced them accordingly, said the CBI.
Time of India
23-06-2025
- Politics
- Time of India
Farmers protest bank deductions in Trichy
Trichy: Members of the National South Indian Rivers Interlinking Farmers Association staged a protest at the Indian Overseas Bank's (IOB) regional office in Trichy on Monday, demanding that the bank stop deducting government scheme assistance from their accounts to recover unpaid loans. Led by association president P Ayyakannu, the farmers locked the office gates near Cantonment and staged a sit-in inside the premises. They alleged that the bank was unfairly deducting funds credited under Union government schemes, checking CIBIL scores before issuing agricultural loans, and seizing farm equipment for loan defaults. Bank officials appealed to the protesters not to disrupt operations or obstruct staff and customers. Cantonment police, who arrived at the scene, urged the farmers to submit a written petition outlining their grievances. Following this, Ayyakannu and senior representatives held a meeting with IOB officials in the presence of police. The bank assured them that the demands would be reviewed, after which the protesters dispersed.
Time of India
11-06-2025
- Business
- Time of India
Union Bank of India, IOB cut lending rate by 50 bps
Union Bank of India and Indian Overseas Bank have reduced lending rates by 50 basis points, aligning with the RBI's recent rate moderation. This revision includes a decrease in the External Benchmark Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR), benefiting both new and existing retail and MSME borrowers. IOB's RLLR will decrease from 8.85% to 8.35%. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Two state-owned lenders, Union Bank of India and Indian Overseas Bank (IOB), on Wednesday slashed lending rates by 50 basis points in line with the rate moderation done by RBI last changes include downward revision of External Benchmark Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR) by 50 basis points, the Union Bank said in a this move, Union Bank of India has completely aligned its EBLR and RLLR with the recent RBI rate cut which will be beneficial to new and existing retail (home, vehicle, personal, etc.) and MSME borrowers, it Liability Management Committee (ALCO) in its meeting held on Wednesday has approved a reduction of Repo Linked Lending Rate (RLLR) by 50 basis points from 8.85 per cent to 8.35 per cent effective Thursday, IOB said in a the RBI action, many banks have slashed lending rate remaining will follow suit RBI last week cut interest rates by a larger-than-expected 50 basis points, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the RBI's six-member monetary policy committee, headed by Governor Sanjay Malhotra and consisting of three external members, voted five to one to lower the benchmark repurchase or repo rate by 50 basis points to 5.5 per also cut the cash reserve ratio by 100 basis points to 3 per cent, adding Rs 2.5 lakh crore to already surplus liquidity in the banking system.
