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IOB May Float QIP in H2 FY26
Financial Express Lucknow
|July 22, 2025
INDIAN OVERSEAS BANK (IOB) plans to raise ₹4,000 crore through a qualified institutional placement (QIP).
INDIAN OVERSEAS BANK (IOB) plans to raise ₹4,000 crore through a qualified institutional placement (QIP). "It is still under process, and we plan to raise the funds sometime in Q3 and Q4," IOB MD and CEO Ajay Kumar Srivastava said on Monday.
Meanwhile, the demand from companies for credit has fallen short of expectations, Srivastava said.
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