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Indian Overseas Bank. Indian Overseas Bank (IOB) was founded on February 10th 1937, by Shri.M.Ct.M.Chidambaram Chettyar, a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.
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All rates are purely indicative rates and should not be used for any transactional purposes. The rates are taken at a specific point in time and may be subject to varying degrees of change throughout the day depending on prevailing market volatility.
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Reference currency rates are obtained from European Central Bank and Other countries Central banks like Deutsche Bundesbank, La Banque de France, De Nederlandsche Bank and etc. The middle-market exchange rates are calculated using the averages of aggregated (bid and ask) prices offered by the market makers and quotes from financial institutions.
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Read more about PNB, IOB cut lending rates by 75 basis points on Business Standard. State-owned banks Punjab National Bank (PNB) and Indian Overseas Bank on Tuesday announced reduction in their lending rates linked to the repo rate by 75 basis points, effective April 1.This follows last week's decision by the RBI to cut the repo
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Exchange Rate ( 31/03/2020 ) Home >> Interest & Forex Rates: INTEREST RATES: Fixed deposit. APPLY THESE RATES FOR THE FOLLOWING AMOUNTS FROM 5TH FEBRUARY 2015
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2012/05/06 · This move is aimed at making it attractive for people abroad to park their money with Indian banks, so that more foreign exchange flows into India.
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State-owned banks Punjab National Bank (PNB) and Indian Overseas Bank on Tuesday announced reduction in their lending rates linked to the repo rate by 75 basis points, effective April 1. This follows last week's decision by the RBI to cut the repo rate by 75 bps. Most of the public sector banks have passed on the benefit of the repo rate cut to their customers.
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2020/03/31 · PNB, IOB cut lending rates by 75 basis points "We have decided to pass on the full benefit of the recent RBI's policy rate cut of 75 bps to our borrowers covered under external benchmark-linked product of repo-linked lending rate (RLLR)," PNB said in a statement.
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