Indian Overseas Bank is currently trading at Rs. 38.70, up by 0.15 points or 0.39% from its previous closing of Rs. 38.55 on the BSE.
The scrip opened at Rs. 39.05 and has touched a high and low of Rs. 39.35 and Rs. 38.35 respectively. So far 35380 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.85 on 07-Jan-2013 and a 52 week low of Rs. 37.15 on 19-Aug-2013.
Last one week high and low of the scrip stood at Rs. 41.00 and Rs. 37.20 respectively. The current market cap of the company is Rs. 3580.87 crore.
The promoters holding in the company stood at 73.80% while Institutions and Non-Institutions held 14.01% and 12.19% respectively.
In a bid to enhance its capital base, Indian Overseas Bank (IOB) is looking for capital support of Rs 2,100 crore from the government. With this, the bank’s Tier I capital will reach to 8%. Tier I capital or the equity capital of the bank stood at 7.80% at the end of March 2013.
Earlier this year, Finance Minister P Chidambaram had said all public sector banks are meeting Basel III requirements for capitalisation, though four of them -- Indian Overseas Bank, IDBI Bank, Bank of Maharashtra and Dena Bank -- have Tier-1 capital below 8%.
Last year, the bank received Rs 1,000 crore from the government as part of recapitalisation package.
As of March 2013, the total capital funds of the bank stood at Rs 18,366 crore due to allotment of preferential shares to the government of India.
The scrip opened at Rs. 39.05 and has touched a high and low of Rs. 39.35 and Rs. 38.35 respectively. So far 35380 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.85 on 07-Jan-2013 and a 52 week low of Rs. 37.15 on 19-Aug-2013.
Last one week high and low of the scrip stood at Rs. 41.00 and Rs. 37.20 respectively. The current market cap of the company is Rs. 3580.87 crore.
The promoters holding in the company stood at 73.80% while Institutions and Non-Institutions held 14.01% and 12.19% respectively.
In a bid to enhance its capital base, Indian Overseas Bank (IOB) is looking for capital support of Rs 2,100 crore from the government. With this, the bank’s Tier I capital will reach to 8%. Tier I capital or the equity capital of the bank stood at 7.80% at the end of March 2013.
Earlier this year, Finance Minister P Chidambaram had said all public sector banks are meeting Basel III requirements for capitalisation, though four of them -- Indian Overseas Bank, IDBI Bank, Bank of Maharashtra and Dena Bank -- have Tier-1 capital below 8%.
Last year, the bank received Rs 1,000 crore from the government as part of recapitalisation package.
As of March 2013, the total capital funds of the bank stood at Rs 18,366 crore due to allotment of preferential shares to the government of India.
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