Indian Overseas Bank Mobilises ₹500 Cr
Public sector Indian Overseas Bank on Saturday said it has raised ₹500 crore through Basel III Tier-II bonds issue to meet growth and regulatory requirements.
The city-headquartered bank, in a statement, said it mobilised ₹500 crore through the Tier-II bonds.
The bank received bids for ₹855 crore with various coupon rates. However, the bank has decided to accept the bids for base issue of ₹500 crore.
The funds raised would be used to meet the ‘growth’ requirements of the bank apart from regulatory requirements, it said.
In May this year, the bank had said it planned to raise ₹850 crore during this financial year through sale of non-core assets to augment capital.
USAA To Gift Vehicle To Military Family In The Chicago Area
USAA proudly announces the donation of four National Auto Body Council (NABC) Recycled Rides®. Read more
Former Army Maj. Gen. John B. Richardson IV Joins USAA To Lead Military Affairs
Two-star general and decorated combat veteran to bring forward-looking vision in continued service to military members a... Read more
Steeped In Tradition: USAA Kicks Off 124th Army-Navy Game Celebrations In A Massive Way, Honoring 250th Anniversary Of The Boston Tea Party
USAA honors history of rivalry game and the city, bringing giant bag of tea to Boston’s historic sites Read more
USAA Life Insurance Announces New Relationship With Trust & Will
USAA Life Insurance Company, a leading financial services brand for military members and their families, and Trust &... Read more
“Go Beyond Thanks:” New Survey Reveals We Should Do More Than Simply Thank Our Veterans For Their Service
Data Reveals Half of Military/Veterans Surveyed Feel Uncomfortable or Awkward When Someone Says the Phrase “Thank You ... Read more
USAA Expanding Education Program To Include Tuition-Free Support For Employees And Employee Dependents
Company also announces student loan 401(k) contribution match up to 8% Read more