Indian Overseas Bank Share Price target is a state-owned bank based in Chennai. It has a total of 3,220 domestic branches, 2 digital banking units, 4 foreign branches, and a Delegation Office. It was founded in 1937 by Mr. MCCM CHIDAMBARCHYAIRE with the aim of specialising in Foreign Exchange Business and Overseas Banking. It also provides Agricultural Short Term Loans, Agri Business Consulting Services, and Foreign Exchange Collection Services. It offers Personal Banking, NRI Banking, and Corporate Banking services. It also manages government businesses such as Payment of Direct Tax, Indirect Tax, Pension Scheme, Sales Tax Collection, Provident Fund Scheme, etc.
The Bank’s Latest News
On February 2, it became the 5th State-owned bank to cross the Rs 1lakh crore market price on a daily basis. On the same day, Indian Overseas Bank Share Price target 2030 market value increased by Rs.10,000 crore, i.e. 204.89%, or more than three times in the previous one year.
IOB share price Target for 2024
Month Target
January 2024 target for IOB ₹64.06
February 2024 target for IOB ₹65.49
March 2024 target for IOB ₹64.06
April 2024 target for IOB ₹63.36
May 2024 target for IOB ₹66.1
June 2024 target for IOB ₹66.09
July 2024 target for IOB ₹66.11
August 2024 target for IOB ₹82.87
September 2024 target for IOB. ₹82.86
October 2024 target for IOB ₹82.87
November 2024 target for IOB. ₹82.87
December 2024 target for IOB. ₹82.88
IOB share price Target for 2025
Month Target
January 2025 target for IOB ₹88.45
February 2025 target for IOB ₹89.87
March 2025 target for IOB ₹88.44
April 2025 target for IOB ₹87.74
May 2025 target for IOB ₹87.74
June 2025 target for IOB ₹87.74
July 2025 target for IOB ₹87.75
August 2025 target for IOB ₹87.73
September 2025 target for IOB. ₹87.73
October 2025 target for IOB ₹87.73
November 2025 target for IOB. ₹87.73
December 2025 target for IOB. ₹87.72
IOB share price Target for 2026
Month Target
January 2026 target for IOB ₹95.77
February 2026 target for IOB ₹97.19
March 2026 target for IOB ₹95.78
April 2026 target for IOB ₹95.07
May 2026 target for IOB ₹95.08
June 2026 target for IOB ₹95.08
July 2026 target for IOB ₹95.08
August 2026 target for IOB ₹95.07
September 2026 target for IOB. ₹95.07
October 2026 target for IOB ₹95.06
November 2026 target for IOB. ₹95.07
December 2026 target for IOB. ₹95.08
IOB share price Target from 2024 to 2030
Year Initial Target Mid-Year Year-End
2024 ₹64.06 ₹66.09. ₹82.88
2025 ₹88.45 ₹87.74 ₹87.72
2026 ₹95.77 ₹95.08 ₹95.08
2027 ₹103.46 ₹102.76 ₹102.77
2028 ₹111.56 ₹110.84 ₹110.83
2029 ₹120.03 ₹119.33 ₹119.34
2030 ₹128.95 ₹128.24 ₹128.27
IOB financials
(INR) Sept 2023 Y/Y
Revenue 2.42TCr 15.19%
Net income 627.18Cr 25.39%
Diluted EPS – –
Net profit margin 25.91% 8.87%
Operating income 635.5Cr 25.87%
Net change in cash – –
Cash on hand – –
Cost of revenue – –
IOB share holding pattern
Summary Dec 2023 Dec 2022
Promoter 96.4% 96.4%
Holding 96.4% 96.4%
Pledged 0.0% 0.0%
Locked 13.53% 53.58%
IOB competitors
● SBI with market capitalisation 675,816.24 cr
● PNB with market capitalisation 143,693.75 cr
● Bank of Baroda with market capitalisation 143,324.30 cr
Conclusions
Indian Overseas Bank is entering the banking business. The Bank’s different departments include Treasury, Corporate/ Wholesale Banking and Retail Banking and Other banking Operations. The Bank’s operations include Domestic deposits, Domestic advances, Foreign Interchange Operations, Investments, Micro, Small and Medium Effort (MUDRA) Loan Scheme, Retail Bank Accounts, Mid Corporate Department, Agricultural Credit Documents, Loans to Small and Peripheral Farmers, Loans to Non-Corporate Farmers and Microfinance. The Bank’s Individual Banking Services include Saving Bank, Current Account, Term Deposit, Retail Loans, Engagement and Depository Services, Merchant Banking for issues, Bond Trustee, Dividend or Interest Warrant and others. The Bank also offers Internet and Mobile Banking Services.
FAQ
- What is the highestIndian Overseas Bank Share Price target 2024?
- The highest price of Indian Overseas Bank stock is ₹83.75 in the last 52-week.
- What is the Indian Overseas Bank Share Price target 2025?
- The initial price target for Indian Overseas Bank in 2025 is projected to be ₹88.45.