Indian Overseas Bank — Others, 02-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Indian Overseas Bank has announced a board meeting to consider the financial results for the quarter and half-year. The bank raised ₹1436.89 Cr through a Qualified Institutional Placement to strengthen Tier I capital, supporting future growth and capital needs. The entire amount has been utilized as intended, with no deviations. Reviews by the audit committee and auditors confirmed proper use of these funds, ensuring transparency and confidence for shareholders.