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IOB may raise ₹5,000 crore of capital from December quarter-end: MD Srivastava

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Summary

The capital raise could reduce the government’s shareholding in IO. The bank plans to bolster cybersecurity safeguards by engaging consultants and increasing technology spending

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  1. Livemint Not rated IN
    IOB may raise ₹5,000 crore of capital from December quarter-end: MD Srivastava

    The capital raise could reduce the government’s shareholding in IO. The bank plans to bolster cybersecurity safeguards by engaging consultants and increasing technology spending