IOB Indian Overseas Bank Legal Disputes Announcement 2023 - Penalty imposed by RBI Indian Overseas Bank has been levied a penalty of Rs. 1.00 Crore by the Reserve Bank of India for non-compliance with certain directions on Loans and Advances - Statutory and Other Restrictions..Find Corporate Announcements for Press Releases, AGM, Insider Trading & SAST, Results and Corporate Action for Indian Overseas Bank