Indian Overseas Bank has convened an extraordinary general meeting (EGM) next month to seek shareholders' approval for issuance of preferential shares to government for Rs 4,100 crore capital infusion in 2020-21. The EGM will be held on May 12, 2021 through video conferencing or other audio visual means.
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.