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Thursday, Jul 01, 2004
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 Money & Banking - Public Sector Banks


IOB to raise Rs 200 cr

CHENNAI: Indian Overseas Bank has informed the stock exchange that it intends to raise Rs 200 crore by way of a bond issue on a private placement basis. This would be reckoned with the Tier II Capital of the bank, for calculating the capital adequacy ratio, the notification to the stock exchange says.

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