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Indian Overseas Bank to raise $500 million as Q2 profit jumps 56%

Indian Overseas Bank plans to raise $500 million through external commercial borrowings in two tranches by December. The lender reported a 56% rise in Q2 net profit to Rs 1,912 crore, alongside stronger credit growth and improved asset quality.

We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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