Indian Overseas Bank (BOM:532388) Long-Term Capital Lease Obligation : ₹0 Mil (As of Mar. 2024)

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What is Indian Overseas Bank Long-Term Capital Lease Obligation?

Indian Overseas Bank's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil.

Indian Overseas Bank Long-Term Capital Lease Obligation Historical Data

The historical data trend for Indian Overseas Bank's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Indian Overseas Bank Long-Term Capital Lease Obligation Chart

Indian Overseas Bank Annual Data

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Long-Term Capital Lease Obligation

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Indian Overseas Bank Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Indian Overseas Bank (BOM:532388) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Indian Overseas Bank (BOM:532388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Indian Overseas Bank (BOM:532388) » Definitions » Long-Term Capital Lease Obligation

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IOB:India

Address

No. 763, Anna Salai, Chennai, TN, IND, 600 002

Website

https://www.iob.in

Indian Overseas Bank is engaged in banking sector. The bank is based in India and has branches in several Asian countries. The majority of revenue is earned domestically. Its segments are corporate/wholesale banking, treasury, retail banking and other banking operations. The corporate/wholesale banking provides working capital finance, term loans and loans for the information technology sector. The Treasury segment offers asset management services, credit cards, settlement services, and locker facilities while the retail banking segment provides current accounts, term deposits, retail loans, mortgages, insurance, and Internet banking.

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