Don’t miss the latest developments in business and finance.

Indian Overseas Bank to receive capital infusion of Rs 1100 cr from GoI

Image
Capital Market
Last Updated : Mar 22 2017 | 5:28 PM IST

As part of turnaround linked capital infusion

Indian Overseas Bank announced that the Bank has received a communication from Ministry of Finance, Government of India, vide its letter dated 16 March 2017, informing inter alia, capital allocation of Rs.1100 crore in the Bank, as a part of turnaround linked capital infusion plan.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Mar 22 2017 | 5:02 PM IST

Next Story