indian overseas

Indian Overseas Bank saw its market capitalization nearly double during July-Sep quarter

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Indian Overseas Bank saw its market capitalization nearly double during July-Sep quarter

91.60 percent gain propelled the state-owned lender to the eighth place in the top 20 Indian banks by market capitalization as of September 30, from rank 14 three months ago. Five other public sector banks rose in the market cap rankings over the previous quarter. Central Bank of India‘s market cap grew 76.59 per cent … Read more

Govt may not infuse capital into state-run banks in FY23

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The government may not allocate funds towards bank capitalisation in the FY23 budget, a first in a decade. This comes as all state-run banks have turned profitable and the newly set up bad bank is expected to help free up capital for lenders. In FY22 budget, the government had set aside Rs 20,000 crore for … Read more