StockWatch
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Public Sector Bank
Regulatory29 Apr 2026, 01:19 pm

IOB Reports Nil Deviation in Fund Utilization for Q4 FY26

AI Summary

Indian Overseas Bank has submitted a NIL Statement of Deviation(s) or Variation(s) in the utilization of proceeds from equity shares and non-convertible debt securities for the quarter ended March 31, 2026. The bank confirmed that no funds were raised through equity shares during the quarter. For the ₹1000 crore Basel III Compliant Tier II Bonds raised via private placement on January 23, 2026, there was no deviation or variation in the use of these funds. This filing ensures compliance with Regulation 32(1), 52(7) & 52(7A) of SEBI (LODR) Regulations, 2015.

Key Highlights

  • IOB filed a NIL deviation statement for Q4 FY26 fund utilization.
  • No equity funds were raised during the quarter ended March 31, 2026.
  • ₹1000 Cr Basel III Tier II Bonds showed no deviation in fund usage.
  • The bank confirms compliance with SEBI (LODR) Regulations.