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Indian Overseas Bank to get capital infusion of Rs 3806 crore from govt

21 Feb 2019 Evaluate

Indian Overseas Bank has received a communication from Government of India regarding capital infusion of Rs 3806 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 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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