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Govt sanctions Rs 4360 crore capital infusion into Indian Overseas Bank

27 Dec 2019 Evaluate

Government of India (GoI) has sanctioned release of capital of Rs 4360 crore towards contribution of the Central Government in the preferential allotment of equity shares of the Indian Overseas 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 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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