Indian Overseas Bank has issued a statement indicating no deviations or variations in the utilization of funds for the quarter ended September 30, 2025. This declaration aligns with regulatory requirements and confirms that funds were managed as originally intended. The statement covers both utilization of funds raised through debt and equity instruments.
No Deviations in Fund Utilization
Indian Overseas Bank (IOB) confirms that there were no deviations or variations in the utilization of funds raised during the quarter ending September 30, 2025. This applies to both non-convertible debt securities and other fund-raising activities.
Compliance Statement
The bank has complied with all relevant regulations in the utilization of funds. As detailed in the statement, there were no changes to the originally disclosed objectives or amounts utilized. The bank maintains adherence to the intended purposes outlined in fundraising documents.
Details of the Statement
The statement confirms the following:
- Mode of Fund Raising: Not Applicable
- Date of Raising Funds: NIL
- Amount Raised: NIL
- Monitoring Agency: Not Applicable
The bank confirms that no approval was required to vary the objects of the issue.
Source: BSE