IOB2020-04-012020-06-30in-bse-fin:OneOperatingExpenses01Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentRevenue01Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentRevenue02Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentRevenue03Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentRevenue04Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentRevenue05Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentResults01Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentResults02Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentResults03Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentResults04Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentResults05Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentAssets01Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentAssets02Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentAssets03Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentAssets04Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentAssets05Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentAssets06Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentAssets07Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentAssets08Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentAssets09Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentAssets10Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentLiabilities01Member IOB2020-06-30in-bse-fin:OneReportableSegmentLiabilities01Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentLiabilities02Member IOB2020-06-30in-bse-fin:OneReportableSegmentLiabilities02Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentLiabilities03Member IOB2020-06-30in-bse-fin:OneReportableSegmentLiabilities03Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentLiabilities04Member IOB2020-06-30in-bse-fin:OneReportableSegmentLiabilities04Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentLiabilities05Member IOB2020-06-30in-bse-fin:OneReportableSegmentLiabilities05Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentLiabilities06Member IOB2020-06-30in-bse-fin:OneReportableSegmentLiabilities06Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentLiabilities07Member IOB2020-06-30in-bse-fin:OneReportableSegmentLiabilities07Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentLiabilities08Member IOB2020-06-30in-bse-fin:OneReportableSegmentLiabilities08Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentLiabilities09Member IOB2020-06-30in-bse-fin:OneReportableSegmentLiabilities09Member IOB2020-04-012020-06-30in-bse-fin:OneReportableSegmentLiabilities10Member IOB2020-06-30in-bse-fin:OneReportableSegmentLiabilities10Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares IOB Indian Overseas Bank 2020-04-01 2021-03-31 INR First quarter Not applicable 2020-06-30 Unaudited Standalone 27815300000.00 14223400000.00 979700000.00 0.00 43018400000.00 9317900000.00 52336300000.00 28895200000.00 8839800000.00 3659800000.00 12499600000.00 41394800000.00 10941500000.00 9695200000.00 0.00 1246300000.00 39400000.00 1206900000.00 0.00 1206900000.00 1206900000.00 164369900000.00 10.00 0.9584 0.0838 0.00 0.07 0.07 0.07 0.07 182908400000.00 60808900000.00 0.139 0.051 0.0016 The above Standalone Unaudited Financial results have been reviewed by the Audit Committee of the Board and approved by the Board of Directors in their repective meetings held on August 20, 2020. The results have been subjected to limited review by the Statutory Central Auditors of the Bank in line with the guidelines issued by the Reserve Bank of India and as per the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. nThe above financial results have been arrived at after considering provision for loan losses, restructured assets, standard assets, stressed sector accounts, employees' estimated wage revision, income tax, depreciation on investments and fixed assets provision for employees' benefits and other necessary provisions on the basis of prudential norms and directions issued by RBI. Provision for employee benefits pertaining to Pension, Gratuity and Leave Encashment and other benefits has been made on the basis of actuarial valuation. nThe above Standalone Unaudited Financial results have been prepared following the same accounting policies and practices as those followed in the Annual Financial Statements for the year ended March 31, 2020. nIn accordance with RBI circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015, banks are required to make Quarterly Pillar 3 disclosures including Leverage Ratio and Liquidity Coverage Ratio under Basel III Framework. The disclosures are being made available on bank website at the following link http://www.iob.in/investor_cell.aspx. The disclosures are not subjected to verification by the Statutory Central Auditors of the Bank. nBased on the available financial statements and the declaration from borrowers, the Bank has estimated the liability towards Unhedged Foreign Currency Exposure to their constituents in terms of RBI circular DBOD.NO.BP.BC.85/21.06.200/2013-14 dated January 15, 2014 and holds a provision of Rs. 11.08 crores as on June 30, 2020 nDuring the pendency of the wage revision negotiations, the Bank has been providing towards wage arrears on an adhoc basis. A MoU has been entered between Indian Bank's Association and Workmen Unions and Officer's Association on 22nd July 2020 towards wage revision. Pending conclusion of Bipartite Agreement and receipt of Government approval for the said MOU, the Bank as a matter of prudence made an adhoc provision of Rs.50 Crore nThe Bank has restructured 18917 MSME accounts and treated them as standard assets amounting to Rs. 676.16 crore upto June 30, 2020 as per RBI Circular 2018-19 DBR No BP.BC. 18/21.04.048/2018-19 dated January 1, 2019 RBI/2019-20/160 DOR.No.BP.BC.34/21.04.048/2019-20 dated 11.02.2020and maintained provision of Rs. 38.94 crore on such standard assets. nThe Bank, based on internal evaluation, presently has decided to continue with the existing tax regime. Further, the Bank has recognized net Deferred Tax Assets upto 31st March, 2020 aggregating to Rs. 6285.40 crore, on timing differences in accordance with Accounting Standard - 22 on Accounting for Taxes on Income issued by The Institute of Chartered Accountants of India, and no incremental Deferred Tax Asset/ Liability is recognised for the quarter under review and the same will be recognised upon remeasurement at the end of the year. nIn respect of various Direct Tax and Indirect Tax litigation pending before appellate authorities, taking into consideration certain judicial rulings and expert advice from independent tax consultants, Bank is of the view that there is a fair chance of succeeding in the appeals filed with the appeallate authorities and accordingly no additional provision has been made in respect of disputed income tax liability of Rs.5734.33 Crores and Indirect tax liability of Rs.192.28 Crores. Other Operating Expenses 3659800000.00 Corporate / Wholesale Banking 13419100000.00 Other Banking Operations 671500000.00 Retail Banking 16664300000.00 Treasury Operations 21580200000.00 Unallocated 1200000.00 52336300000.00 0.00 52336300000.00 Corporate / Wholesale Banking -1444400000.00 Other Banking Operations 459200000.00 Retail Banking 4140700000.00 Treasury Operations 7787500000.00 Unallocated -1500000.00 10941500000.00 9695200000.00 1246300000.00 Corporate / Wholesale Banking 794703600000.00 Corporate / Wholesale Banking 794703600000.00 Other Banking Operations 5551500000.00 Other Banking Operations 5551500000.00 Retail Banking 777966900000.00 Retail Banking 777966900000.00 Treasury Operations 998788100000.00 Treasury Operations 998788100000.00 Unallocated 96680700000.00 Unallocated 96680700000.00 2673690800000.00 Corporate / Wholesale Banking 776089500000.00 Corporate / Wholesale Banking 776089500000.00 Other Banking Operations 4517300000.00 Other Banking Operations 4517300000.00 Retail Banking 762429800000.00 Retail Banking 762429800000.00 Treasury Operations 966740800000.00 Treasury Operations 966740800000.00 Unallocated 333000000.00 Unallocated 333000000.00 2510110400000.00 Segment expenses and liabilities have been apportioned on the basis of average segment assets, wherever direct allocation is not possible. n nFigures of the previous years / current year / quarters have been recouped / reclassified / rearranged wherever considered necessary to correspond with the current year / quarter classification / presentation.