IOB Receives Rs173 cr Capital Infusion from Government

Indian Overseas Bank (IOB) has received Rs173.06 crore capital infusion from the government in the current fiscal.


In a regulatory filing, IOB has received Rs173.06 crore a the contribution of the central government in the preferential allotment of equity shares of the bank as government’s investment during the 2017-18 fiscal.

Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-

  • IOB MD & CEO- R. Subramaniakumar, Headquarters- Chennai.
Source- The Hindu