Indian Overseas Bank to raise funds up to Rs 800 crore

Indian Overseas Bank | Bank - Public | BFSI | BSE: 532388 | NSE: IOB

10 Dec 2012 Evaluate

Indian Overseas Bank has received an approval to raise funds up to Rs 800 crore by way of Tier 1 perpetual bonds in one or more tranches. The board at its meeting held on December 08, 2012 has approved for the same.

The bank has reported a fall of 23.63% in its net profit at Rs 158.43 crore for the quarter ended September 30, 2012 as compared to Rs 207.46 crore for the same quarter in the previous year. However, total income of the bank has increased by 14.36% to Rs 5515.04 crore for quarter under review as compared to Rs 4822.56 crore for the quarter ended September 30, 2011.

Peers

Company Name	CMP
State Bank Of India	997.00
PNB	116.65
Bank Of Baroda	237.80
Canara Bank	123.90
Union Bank Of India	178.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.