Indian Bank has successfully raised further Rs 600 crore under Basel III compliant Tier II Bonds on July 28, 2016 with a coupon of 8.10% per annum for a tenor at 10 years and Call Option after completion of 5 years, on private placement basis. CRISIL has assigned ‘AAA/Negative’ rating, while CARE has assigned ‘AAA’ rating for the said bonds.
Indian Bank offers wide range of services in Personal Banking, Corporate Banking, Mobile banking and Phone banking etc.