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Indian Overseas Bank receives capital infusion of Rs 2157 crore

19 Jul 2018 Evaluate

Indian Overseas Bank has received a communication from Government of India regarding capital infusion of Rs 2157 crore towards contribution of the Central Government in the preferential allotment of equity shares (Special Securities/Bonds) of the Bank during the financial year 2018-19, as Government's investment.

Indian Overseas Bank is a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.

Peers
Company Name CMP
State Bank Of India 969.40
PNB 114.20
Bank Of Baroda 232.95
Canara Bank 122.40
Union Bank Of India 175.30
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