Indian Overseas Bank plans to raise up to ₹5,000 crore in FY27

Indian Overseas Bank plans to raise up to ₹5,000 crore in equity capital during FY27 through various routes, including QIPs, rights issues and follow-on public offers. The proposal will be placed before shareholders at the bank's AGM on July 7. The Government of India held a 92.44% stake in the lender as of March 31, 2026.