Indian Bank board approves raising additional ₹5,000 cr. via bonds

The board of directors of Indian Bank has approved raising an additional ₹5,000 crore through long-term infrastructure bonds.

This is over and above the ₹5,000 crore already raised in the current fiscal, the public sector lender said in a regulatory filing.

The amount will be raised in one or more tranches during the current or subsequent financial year based on the requirement for financing/refinancing of infrastructure and affordable housing in compliance with applicable RBI guidelines and other applicable laws, rules and regulations.

Published - September 26, 2024 08:03 pm IST

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
You might also like