Indian Overseas Bank is currently trading at Rs. 7.84, up by 0.17 points or 2.22% from its previous closing of Rs. 7.67 on the BSE.
The scrip opened at Rs. 7.98 and has touched a high and low of Rs. 7.98 and Rs. 7.71 respectively. So far 26971 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.28 on 25-Apr-2019 and a 52 week low of Rs. 6.17 on 13-Mar-2020.
Last one week high and low of the scrip stood at Rs. 8.11 and Rs. 7.15 respectively. The current market cap of the company is Rs. 12787.98 crore.
The promoters holding in the company stood at 94.56%, while Institutions and Non-Institutions held 2.46% and 2.98% respectively.
Indian Overseas Bank (IOB) has rolled out a special credit facility for its existing borrowers from the agriculture sector and allied activities, which have been impacted by the coronavirus pandemic. The working capital demand loan is available to all its existing borrowers from poultry, dairy, fisheries and other allied activities and infrastructure activities such as cold storage and rural godowns.
The bank will be offering loans of 10 per cent of the existing fund based working capital limit with a maximum of Rs 10 crore to the poultry sector. For other allied activities, it is offering Rs 2 crore of loans.
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.
