MoneyWorks4Me

Indian Bank gets SEBI’s nod to raise funds

23 Nov 2017 Evaluate

Indian Bank has received Securities and Exchange Board of India’s (SEBI’s) approval to raise capital by way of issue of equity shares pursuant to a Qualified Institutional Placement (QIP) subject to the receipt of the approval from Government of India on November 20, 2017.

Indian Bank was established as a part of the Swadeshi movement. The bank provides a wide spectrum of banking products and services.


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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