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Indian Overseas Bank gets nod to issue shares to Govt

22 Jan 2020 Evaluate

Indian Overseas Bank has received an approval for the issue of equity shares by bank on preferential basis to Government of India for the capital infusion of Rs 4360 crore received during FY 2019-20. The Board of the Bank at its meeting held on January 21, 2020, approved the same.

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.

Indian Overseas Bank Share Price

34.97 0.03 (0.09%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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