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Indian Bank plans to raise Rs 1,100 crore

12 Jan 2016 Evaluate

Indian Bank is planning to raise about Rs 1,100 crore to raise Basel III complaint Tier II Bonds. In this regard, the bank is proposing to seek approval of its board in ensuing board meeting.

The meeting is to be held on January 19, 2016 to permit the bank to raise Basel III compliant Tier II Bonds for Rs 1,100 crore in one or more tranches in the current or subsequent years based on the requirement.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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