Indian Overseas Bank Financial Update

Rights Issue Committee Meeting

On July 29, 2025, the Rights Issue committee of Indian Overseas Bank announced that the payment for the First Call money will open from August 4, 2025, to August 18, 2025. This announcement is part of the bank’s ongoing efforts to raise capital and strengthen its financial position. The bank, which operates in various segments including Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations, continues to focus on expanding its domestic and international presence.

Upcoming 90th Annual General Meeting

Indian Overseas Bank has scheduled its 90th Annual General Meeting (AGM) for August 22, 2025. The meeting will be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in compliance with the Companies Act, 2013, and SEBI regulations. This AGM will provide shareholders with an opportunity to discuss the bank’s performance, strategic direction, and future plans.

Financial Performance and Market Position

As of July 27, 2025, Indian Overseas Bank’s close price was INR 37.74, with a 52-week high of INR 68.46 and a low of INR 33.5. The bank’s market capitalization stands at INR 749,850,000,000, and it has a Price Earnings ratio of 18.97. These figures reflect the bank’s current market valuation and investor sentiment.

Banking Operations and Services

Indian Overseas Bank offers a wide range of banking services, including domestic deposits, advances, foreign exchange operations, and investments. The bank is also involved in micro, small, and medium enterprises, including the MUDRA Loan Scheme, and provides retail banking services such as savings bank accounts, current accounts, term deposits, retail loans, and mortgages. Additionally, the bank offers merchant banking services and Internet and mobile banking facilities. Its international presence includes branches in Singapore, Colombo, Hong Kong, and Bangkok.

Conclusion

Indian Overseas Bank continues to focus on strengthening its financial position and expanding its services both domestically and internationally. The upcoming Rights Issue and AGM are key events that will provide further insights into the bank’s strategic direction and performance.