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IOB receives government capital infusion of Rs 4,360 crore

IOB receives government capital infusion of Rs 4,360 crore

Saturday, January 4, 2020, 4:31 PM

Public sector Indian Overseas Bank has received capital infusion of Rs 4,360 crore from the government of India, the bank said on Saturday. In a regulatory filing to the stock exchanges, the bank said it has received the amount as contribution of the government in preferential allotment of equity shares during the financial year 2019-20 as government's investment.
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