MoneyWorks4Me

Indian Overseas Bank reply to clarification sought by exchange

24 Nov 2021 Evaluate

With reference to the mail dated 24.11.2021 requesting clarification/ confirmation on the news item appeared in the www.business-standard.com dated November 24, 2021 captioned ‘IOB, Central Bank of India surge up to 20% on privatization buzz’. In this regard, Indian Overseas Bank has informed that the company has not received any communication regarding privatization of Bank from DFS/ Government of India and unaware of the reasons for the sudden movement in stock price. It may be due to speculation.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
View more..