Indian Overseas Bank (IOB) has received amount of Rs 4360 crore on January 03, 2020 towards contribution of the Central Government in the preferential allotment of equity shares (Special Securities/Bonds) 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.