IOB and Punjab & Sind Bank Plan ₹7,000 Crore Share Sale Through QIP
Published on: Jan. 15, 2026, 6:40 a.m. | Source: scanx.trade
Indian Overseas Bank and Punjab & Sind Bank have announced plans to raise a combined ₹7,000 crore through qualified institutional placements this quarter. IOB targets ₹4,000 crore and has received all regulatory approvals, currently appointing merchant bankers for the process. Punjab & Sind Bank aims to raise ₹3,000 crore and will hold an extraordinary general meeting on January 21 for shareholder approval.
