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The Economic Times

Markets / The Economic Times

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IOB, Punjab & Sind Bank plan QIPs to raise Rs 7,000 crore

Indian Overseas Bank and Punjab & Sind Bank plan to raise Rs 7,000 crore via qualified institutional placements to fund growth, meet Basel norms and reduce high government shareholding, even as IOB flags challenges in meeting minimum public shareholding norms by August.

14 Jan 2026 6:31 pm