Indian Overseas Bank to raise $500 million as Q2 profit jumps 56% - The
Indian Overseas Bank plans to raise $500 million through external commercial borrowings in two tranches by December. The lender reported a 56% rise in Q2 net profit to Rs 1,912 crore, alongside stronger credit growth and improved asset quality.
Indian Overseas Bank plans a $500 million overseas borrowing while reporting 56% quarterly profit growth, stronger lending, higher net interest income and fewer bad loans. Listen to this article in summarized format FIIs dump Indian stocks for 10th straight week as markets slide: Is the worst over or more pain ahead? Jio IPO GMP today: Grey market signals over 22% listing gains; check allotment, listing date
