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Public Sector Bank
Corporate Governance26 Oct 2026, 01:47 pm

IOB Files NIL Deviation/Variation Statement for Q2 FY27

AI Summary

Indian Overseas Bank (IOB) has submitted a NIL Statement of Deviation(s) or Variation(s) for the quarter ended September 30, 2026, as per SEBI (LODR) Regulations. This filing confirms that there were no deviations or variations in the utilization of proceeds from the issuance of Equity Shares and Non-convertible Debt securities. The bank reported no funds were raised during the quarter, and consequently, no utilization or deviation occurred. The statement was reviewed by the Audit Committee and Auditors, with no adverse comments.

Key Highlights

  • IOB reports NIL deviation in fund utilization for Q2 FY27.
  • No funds were raised by the bank during the quarter.
  • The filing adheres to SEBI (LODR) Regulations 32(1), 52(7) & 52(7A).
  • No adverse comments from Audit Committee or Auditors.