Hot Pursuit     18-Apr-24
Indian Overseas Bank board to mull fund raising proposal
Indian Overseas Bank (IOB) said that its board will meet on Monday, 22 April 2024, to consider raising funds for financial year 2024-2025 through various modes.
“To discuss and approve the capital raising plan for FY 2024-25 through follow-on public offer (FPO)/rights issue/ qualified institutional placement (QIP) / preferential issue or any other mode or combination thereof and /or through issue of BASEL III compliant Tier II Bonds or such other securities as may be permitted under the applicable laws subject to necessary regulatory approvals and in one or more tranches within a period of 12 months from the date of approval,” the bank stated in the regulatory filing.

Indian Overseas Bank is engaged in the business of banking & financial services.

The company’s consolidated net profit jumped 30.5% to Rs 724.13 crore in Q3 FY24 as compared with Rs 555.05 crore in Q3 FY23. Total income increased 32.8% YoY to Rs 7,442.85 crore in Q3 FY24.

The scrip rose 0.44% to end at Rs 61.99 on Tuesday, 16 April 2024.

Previous News
  Indian Overseas Bank
 ( Results - Analysis 03-Aug-23   08:59 )
  Indian Overseas Bank schedules AGM
 ( Corporate News - 10-Jun-24   10:31 )
  Indian Overseas Bank consolidated net profit rises 23.61% in the March 2024 quarter
 ( Results - Announcements 09-May-24   14:58 )
  Board of Indian Overseas Bank to consider capital raising plan for FY2025
 ( Corporate News - 16-Apr-24   19:37 )
  Indian Overseas Bank announces board meeting date
 ( Corporate News - 11-May-22   12:18 )
  Volumes spurt at Indian Overseas Bank counter
 ( Hot Pursuit - 15-Jun-23   11:00 )
  Indian Overseas Bank up for third straight session
 ( Hot Pursuit - 15-Sep-23   13:05 )
  Indian Overseas Bank consolidated net profit rises 28.22% in the June 2023 quarter
 ( Results - Announcements 03-Aug-23   17:00 )
  Indian Overseas Bank hikes base rate by 35 bps to 9.45%
 ( Corporate News - 13-Nov-23   18:46 )
  Indian Overseas Bank to convene board meeting
 ( Corporate News - 17-Apr-24   09:17 )
  Indian Overseas Bank rises for third consecutive session
 ( Hot Pursuit - 18-Nov-22   13:06 )
Other Stories
  IndusInd Bank PAT rises to Rs 2,152 cr in Q1 FY25
  26-Jul-24   17:40
  Cipla spurts as Q1 PAT rises 18% YoY to Rs 1,178 cr
  26-Jul-24   15:53
  Shriram Finance soars as Q1 PAT rises 18% YoY
  26-Jul-24   15:33
  Indus Towers spurts on buyback plan
  26-Jul-24   15:28
  MMTC Ltd leads losers in 'A' group
  26-Jul-24   15:00
  Nova Agritech Ltd leads losers in 'B' group
  26-Jul-24   14:45
  Volumes soar at New India Assurance Company Ltd counter
  26-Jul-24   14:30
  Piramal Pharma Q1 net loss narrows to Rs 89 crore
  26-Jul-24   14:28
  Mphasis spurts as Q1 PAT rises 3% QoQ to Rs 405 cr
  26-Jul-24   14:10
  Go Digit General Insurance gains after PAT rises 74% YoY to Rs 101 cr in Q1 FY25
  26-Jul-24   13:25
Back Top