State-run Indian Overseas Bank (IOB) has received capital infusion of Rs 4,360 crore from the government. IOB said it has received the amount as contribution of the government in preferential allotment of equity shares during the financial year 2019-20 as government’s investment. Fresh capital infusion in the PSU banks by the government is a part of the announcement made by Finance Minister Nirmala Sitharaman, in her maiden Budget in July 2019.