You are here: Home » News-CM » Companies » News
Business Standard

Board of Indian Overseas Bank approves capital plan for FY21

Capital Market 

At meeting held on 30 July 2020

The Board of Indian Overseas Bank at its meeting held on 30 July 2020 has approved the capital plan of the Bank for FY 2021 that includes the issue of up to a maximum of 500 crore equity shares and to raise Tier II capital by issue of Basel III compliant Tier II Bonds up to a maximum extent of Rs 1500 crore.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 30 2020. 17:07 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU