Indian Overseas Bank has successfully raised Rs 1000 crore Unsecured, Non-Convertible, Listed, Redeemable, Basel III Compliant Tier II Bonds (Series V) through Private Placement Basis. Maturity date of the said bonds will be March 24, 2033.
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.