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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.

Peers
Company Name CMP
State Bank Of India 979.25
PNB 115.85
Bank Of Baroda 234.20
Canara Bank 122.85
Union Bank Of India 176.60
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