Indian Overseas Bank has confirmed the status of its promoter holdings for the financial year ended March 31, 2026. The President of India maintains a majority stake of 92.44% in the bank. Furthermore, the bank has officially declared that its promoter, along with all persons acting in concert, has not created any encumbrance on these shares, either directly or indirectly, throughout the 2025-26 financial year.
Promoter Shareholding Details
In a recent declaration, Indian Overseas Bank provided details regarding the stake held by its promoter. As of March 31, 2026, the President of India continues to be the primary shareholder, retaining a significant 92.44% equity interest in the institution. This holding reflects the continued ownership structure and government stake in the bank.
Encumbrance Declaration
The bank has formally confirmed that no shares held by the promoter or associated persons acting in concert have been pledged or encumbered. This assurance covers the entirety of the financial year 2025-26. The declaration confirms that the promoter’s stake remains free of any encumbrance, directly or indirectly, ensuring clarity for stakeholders regarding the status of the bank’s equity capital.
Source: BSE
