IOB Board of Directors approve proposal of PPUNCSP Bonds

Mumbai, Mar 24 (UNI) Indian Overseas Bank informed BSE that the Board of Directors (BoD) of the Bank at its meeting held today, have approved the proposal of Private Placement of Unsecured Non Convertible Subordinated Perpetual (PPUNCSP) Bonds (Series 1) in the nature of Promissory Notes of Rs 10,00,000 each, for cash, at par, aggregating to Rs 30 crore.

UNI AR KU SKB2006