Why are Indian Overseas Bank shares falling for last 4 sessions?
The share price of PSU bank has declined nearly 1% today and around 7% since April 29.
The share price of PSU bank has declined nearly 1% today and around 7% since April 29.
Indian Overseas Bank shares gained as much as 7.9% to hit a fresh 52-week high of ₹56.22 on the BSE, while the m-cap surged to ₹1.2 lakh crore.
The board of Indian Overseas Bank has approved the capital plan for FY23, which includes raising up to ₹2,000 crore by issuing equity shares and bonds.