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Monday, December 15, 2014

Epic Research Update : Indian Overseas Bank

Epic Update Indian Overseas BankIndian Overseas Bank (IOB) has received an approval to raise capital of Rs 2,000 crore with an option to retain oversubscription up to Rs 600 crore aggregating to Rs 2,600 crore as capital by way of issue of perpetual bonds (Additional Tier I Bonds) at appropriate time in one or more tranches on private placement basis depending upon the market conditions.

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