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Indian Overseas Bank gets capital infusion of Rs 3857 crore from Government

30 Sep 2019 Evaluate

Indian Overseas Bank has received a capital infusion of Rs 3857 crore from Government of India towards contribution of the Central Government in the preferential allotment of equity shares of the Bank during the financial year 2019-20, 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 1004.50
PNB 116.85
Bank Of Baroda 238.00
Canara Bank 124.20
Union Bank Of India 180.80
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