Indian Overseas Bank
š¹ Indian Overseas Bank Unveils Capital Plan for FY 2026-27
- The Board of Directors of IOB approved a Capital Plan for FY 2026-27.
- Equity capital raising up to ā¹5000 Crores via FPO, Rights Issue, QIP, or Preferential Issue.
- Proposal to issue 10 crore new equity shares (ā¹10 face value) under Employees Share Purchase Scheme (IOB-ESPS 2026-27).
- Approval to issue Basel III compliant Tier II Bonds up to ā¹1000 Crores, domestically or overseas.
- Plans to adjust accumulated losses from the Share Premium Account as of 31.03.2026.