Indian Overseas Bank (IOB) Share Price Target 2022, 2023, 2024, 2025, 2030

Indian Overseas Bank (IOB) Share Price Target 2022, 2023, 2024, 2025, 2030– The Indian Overseas Bank (IOB) was founded on February 10, 1937 by Shri. M.Ct.M. Chidambaram Chettyar, a pioneer in many fields. The Bank was established by him with the great intention of becoming an expert in foreign exchange banking business in order to facilitate the International Bank.

Here in this article we try to analyze the Indian Overseas Bank share in a completely different way. So, just read this article-

Indian Overseas Bank (IOB) Share Price Target 2022, 2023, 2024, 2025, 2030 Table

YearIndian Overseas Bank (IOB) Share Price Target
2022 First TargetRs 21
2022 Second TargetRs 23
2023 First TargetRs 25
2023 Second TargetRs 27.50
2024 First TargetRs 30
2024 Second TargetRs 32
2025 First TargetRs 35
2025 Second TargetRs 37
2030 First TargetRs 55
2030 Second TargetRs 60
Indian Overseas Bank (IOB) Share Price Target 2022, 2023, 2024, 2025, 2030 Table

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Indian Overseas Bank (IOB) Share Price Target 2022

IOB was one of the largest state-owned enterprises in 1969. The Indian Overseas Bank is a pioneer in many fields – Banking, Insurance and Industry with a dual purpose of focusing on foreign exchange business and overseas banks. The products and services offered by the bank are named Personal Banking, Digital Banking, NRI, Rural, MSME and Corporate and forex.

The number of two target share prices in the Indian Overseas Bank IOB was reached in the 2022 financial year. The initial target price of Indian Overseas Bank shares will be Rs 21. And the second target price of the Indian Overseas Bank can be found for about Rs 23.

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Indian Overseas Bank (IOB) Share Price Target 2023

In any Banking Company, the main source of income is the interest earned on the various loans offered to individuals and companies. Indian Overseas Bank acquired Rs 16,965.53 Cr. income in the latest financial year. It posted negative revenue growth of -1.80% over the past 3 years. The lender improperly manages the entire portfolio of assets. Gross NPA and Net NPA stand at 11.69% and 3.58% respectively from the most recent financial year.

Target number of shares of Indian Overseas Bank Ltd. enters into it in the 2023 Financial Year. The target price of the Indian Overseas Bank for the first share price Target for the 2023 financial year can be obtained at Rs 25. And the second target price of Indian Overseas Bank Ltd. is estimated at Rs 27.50.

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Indian Overseas Bank (IOB) Share Price Target  2024

Non-interest income or other revenue is very important to banks as it gives banks a normal source of revenue without any additional risk. The other income of the Indian Overseas Bank increased and is currently Rs 5,559.02 Cr. The company has a Good Capital Adequacy Ratio. Leading matrix providing details about bank balance P / B ratio. Indian Overseas Bank currently trades at P / B of 1.81. The historical PB rating was 0.98.

At this point, we are trying to predict the price of two targeted shares of Indian Overseas Bank Ltd. which will be available in 2024. The first target price of Indian Overseas Bank Ltd. is Rs 30. And the second target price of Indian Overseas Ltd. can exceed Rs 32.

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Indian Overseas Bank (IOB) Share Price Target 2025

Indian Overseas Bank has signed a memorandum of understanding with MoU and Software Technology Parks of India and STPI NEXT to promote the renaming of financial technology operated under the FinBlue program. This MoU will assist the bank in implementing innovations in financial technology operated under the FinBlue system. The FinBlue initiative by STPI is an integrated startup program to improve its nesting site. Provides access to a financial technology system that includes banks, financial institutions, advisors, investors among others.

Here we are trying to analyze the price of two targeted shares in the Indian Overseas Bank that could be acquired by 2025. The initial target price of Kellton Tech will be Rs 35. And the second target price for the same share for the 2025 financial year is likely to be around Rs 37.

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Indian Overseas Bank (IOB) Share Price Target 2022, 2023, 2024, 2025, 2030

Indian Overseas Bank (IOB) Share Price Target 2030

As part of the Bank’s Business Growth and Credit Funding program aimed at infrastructure development nationwide, the Indian Overseas Bank has approved a loan of Rs. 1,000 crore from the Jammu and Kashmir Infrastructure Development which is certified by the Union Territory of J&K, in part to finance the completion of J&K infrastructure projects and other new infrastructure projects that are very important to government.

The price of two targeted shares in the Indian Overseas Bank could be given to you by the end of 2030. The first target of the Indian Overseas Bank to be able to make a profit by 2030 is Rs 55. And the second target price of the Indian Overseas Bank until the end of this decade is Rs 60.

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Future Prospects of Indian Overseas Bank (IOB) Share

  • Recently, Indian Overseas Bank signed a memorandum of understanding with MoUwith the Software Technology Parks of India and STPI NEXT to promote the renaming of financial technology conducted under FinBlue’s initiative to maximize profits from the program.
  • As part of the Bank’s Business Growth and Credit Funding program aimed at infrastructure development nationwide, the Indian Overseas Bank has approved a loan of Rs. 1,000 crore from Jammu and Kashmir Finance Corporation.

Investment Risk of Indian Overseas Bank (IOB) Share

  • The bank has an excellent ROA record from the last 3 financial years.
  • The company had the lowest ROE in the last 3 years.
  • The Bank has the highest NPA .The NPA rate from the last 3 years is 6.61%.
  • The company has brought slow revenue growth over the past 3 financial years.
  • Poor Development Growth over the past 3 years.

Expert Views on Indian Overseas Bank (IOB) Share

According to experts on Indian Overseas Bank stock, trend analysis suggests that the stock price of Indian Overseas Bank (IOB) may increase in the near future and in terms of long-term analysis it will also rise to help investors make a profit.

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I hope you have got a good idea after reading the Indian Overseas Bank (IOB) Share Price Target 2022, 2023, 2024, 2025, 2030 article, what kind of performance can be seen in the growth of the company. If you still have any question or suggestion related to this article, then do not forget to tell in the comment. For the detailed information of such stocks related to the share market, do not forget to grow our other posts at all.

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