Government infused Rs. 4360 Crore in Indian Overseas Bank

The Government of India has Infused Rs. 4360 Crore in Indian Overseas Bank in the year 2019-20.
Indian Overseas Bank is under the Prompt Corrective Action framework of the Reserve Bank of India.
RBI placed a bank under the PCA when a bank breach the three key regulatory points namely capital to risk weighted assets ratio, net non-performing assets and return on assets.
Indian Overseas Bank was founded in 1937.
Headquarter - Chennai,Tamil Nadu.
MD & CEO - Karnam Sekar