Indian Overseas Bank (IOB) has announced that the Reserve Bank of India (RBI) has levied a monetary penalty of ₹63.60 Lakhs (Rupees Sixty-Three Lakh Sixty Thousand only) on the bank.

• Authority: Reserve Bank of India (RBI)
• Penalty Amount: ₹63.60 Lakhs
• Date of Order: 25-Apr-2025
• Reason: The penalty was imposed for non-compliance with certain directions issued by RBI on ‘Credit Flow to Agriculture - Collateral free agricultural loans’ and ‘Lending to Micro, Small & Medium Enterprises (MSME) Sector’.
• Stated Impact: The bank has reported that the impact on its financial, operational, or other activities is NIL.