Indian Overseas Bank trades higher on the BSE
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Indian Overseas Bank is currently trading at Rs. 43.90, up by 0.58 points or 1.34% from its previous closing of Rs. 43.32 on the BSE.
The scrip opened at Rs. 43.30 and has touched a high and low of Rs. 44.28 and Rs. 43.14 respectively. So far 1883230 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 51.00 on 04-Oct-2023 and a 52 week low of Rs. 20.87 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 44.44 and Rs. 42.75 respectively. The current market cap of the company is Rs. 82905.98 crore.
The promoters holding in the company stood at 96.38%, while Institutions and Non-Institutions held 1.49% and 2.13% respectively.
Indian Overseas Bank has introduced savings account portability online, an initiative aimed at catering to customers who move to different locations for their career or education and find it cumbersome to relocate their home bank accounts to their current location.
The facility, being available online, helps customers avoid the laborious process of filling up endless forms manually and cuts short the days of waiting for the account transfer to take place.
Indian Overseas Bank is a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.
