Indian Overseas Bank receives Rs173.06 crore capital infusions from government
IOB received Rs173.06 crore as contribution of the central government in the preferential allotment of equity shares of the bank during the 2017-18 fiscal
New Delhi: Indian Overseas Bank (IOB) on Thursday said it has received Rs173.06 crore capital infusions from the government in the current fiscal.
In a regulatory filing, IOB said it has received Rs173.06 crore as contribution of the central government in the preferential allotment of equity shares of the bank as government’s investment during the 2017-18 fiscal.
“The bank has received the said amount of Rs173.06 crore on January 31, 2018,” it said.
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