Stakeholders’ Education | Corporate Governance Research | Corporate Governance Score | Proxy Advisory STAKEHOLDERS EMPOWERMENT SERVICES 1 | P AGE SECTOR: BANKS REPORTING DATE: 25 TH NOVEMBER, 2017 INDIAN OVERSEAS BANK www.iob.co.in Indian Overseas Bank NSE Code - IOB TABLE 1 - MARKET DATA (STANDALONE) (AS ON 23 RD NOVEMBER, 2017) Sector - Banks NSE Market Price (`) 24.45 NSE Market Cap. (₹ Cr.) 6,974.51 Face Value (`) 10.00 Equity (` Cr.) 2,852.56 Business Group – N.A. 52 weeks High/Low (₹) 32.20/19.80 Net worth (₹ Cr.)* 13,089.31 Year of Incorporation - 1937 TTM P/E (TTM) N.A. Traded Volume (Shares) 8,49,240 TTM P/BV 0.64 Traded Volume (lacs) 207.64 Registered Office - Source - Capitaline, TTM - Trailing Twelve Months, N.A. - Not Applicable, *As on 30 TH Sept, 2017 763, Anna Salai, COMPANY BACKGROUND Chennai – 600 002, Indian Overseas Bank (IOB) was founded in February 10 th of the year 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. IOB had the unique distinction of commencing business in 10 th February, 1937 (on the inaugural day itself) in three branches simultaneously - at Karaikudi and Chennai in India and Rangoon in Burma (presently Myanmar) followed by a branch in Penang. Indian Overseas Bank has an ISO certified in-house Information Technology department, which has developed the software that 3,405 branches use to provide online banking to customers. At the dawn of Independence IOB had 38 branches in India and 7 branches abroad. The Products & Services of the bank includes NRI Services, Personal Banking, Forex Services, Agri Business Consultancy, Credit Cards, Any Branch Banking and ATM Banking. Saga of the IOB is covered into four categories, such as Pre-nationalisation era (1947- 69), at the time of Nationalisation (1969), Post - nationalisation era (1969-1992) and Post-Reform Period - Unprecedented developments (1992 & after). Tamil Nadu Company Website: www.iob.co.in Revenue and Profit Performance The revenue of the Bank decreased from ₹4,991.99 crores to ₹4,645.77 crores from quarter ending Sep’16 to quarter ending Sep’17. The Bank made a loss of ₹1,222.50 crores in quarter ending Sep’17 vis-a-vis making a loss of ₹765.13 crores in quarter ending Sep’16. Source: Moneycontrol Performance vis-à-vis Market TABLE 2- Returns 1-m 3-m 6-m 12-m Indian Overseas Bank -9.11% 6.13% -5.60% -3.17% Nifty 0.52% 4.21% 7.85% 25.83% NIFTY PSU BANK 0.51% 17.63% 13.88% 26.76% Source - Capitaline/NSE 4,645.77 4,629.60 4,991.99 -1,222.50 -646.66 -765.13 -2,000 0 2,000 4,000 6,000 Sep'17 Mar'17 Sep'16 Quarterly revenue and Profit (₹ CRORE) Revenue Profit 0.75 1.00 1.25 1.50 Nov 16 Jan 17 Mar 17 May 17 Jul 17 Sep 17 Indian Overseas Bank NIFTY NIFTY PSU BANK
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S EPORTING ATE OVEMBER Indian Overseas Bank · S Stakeholders’ Education | orporate Governance Research | Corporate Governance Score | Proxy Advisory STAKEHOLDERS EMPOWERMENT SERVICES
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