IOB to raise ₹5,000cr
Chennai: Indian Overseas Bank (IOB) on Thursday said its board has given the nod for the public sector lender to raise Rs 5,000 crore during the current financial year (2026-27).
Issue of BASEL III compliant Tier II bonds up to a maximum extent of Rs 1,000 crore depending upon the requirement, with or without green shoe option, in one or more tranches on private placement or to retail segment by way of public issue, either domestically or overseas, the regulatory filing added.
Issue of BASEL III compliant Tier II bonds up to a maximum extent of Rs 1,000 crore depending upon the requirement, with or without green shoe option, in one or more tranches on private placement or to retail segment by way of public issue, either domestically or overseas, the regulatory filing added.
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