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.
In December 2019, the bank had said it would receive capital infusion of Rs 4,360 crore from Government in the current financial year for meeting the regulatory requirement.