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Indian Overseas Bank ( (IN:IOB) ) just unveiled an update.
Indian Overseas Bank has announced the amalgamation of Odisha Gramya Bank and Utkal Grameen Bank into a single entity named Odisha Grameen Bank, effective from May 1, 2025. This strategic move, sanctioned by the Central Government, aims to enhance the operational efficiency and service delivery of regional rural banks, with Indian Overseas Bank as the sponsor of the newly formed bank.
More about Indian Overseas Bank
Indian Overseas Bank is a prominent financial institution in India, operating in the banking industry. It provides a range of banking products and services, focusing on retail and corporate banking, with a significant presence in rural and urban areas.
YTD Price Performance: -32.90%
Average Trading Volume: 662,984
Current Market Cap: 710.4B INR
See more data about IOB stock on TipRanks’ Stock Analysis page.