Indian Overseas Bank has released a statement concerning deviations or variations in the utilization of funds for the quarter ended December 31, 2025. The statement confirms that there were no deviations or variations in the use of funds raised. It covers statements related to both fund raising and the proceeds from listed non-convertible debt securities.
No Deviation in Fund Utilization
Indian Overseas Bank (IOB) confirms that for the quarter ending December 31, 2025, there were no deviations or variations in the utilization of funds raised. This announcement covers fund utilization as per the relevant guidelines for the financial period.
Details on Fund Raising
The bank has stated that there were no deviations related to the original objectives for which the funds were raised. This includes adherence to planned allocations and utilization.
Non-Convertible Debt Securities
Regarding Non-Convertible Debt Securities, IOB reports that there were also no deviations in the use of issue proceeds. The bank confirms alignment with the intended purposes and amounts as originally disclosed.
Source: BSE
