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

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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.

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

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