Indian Bank is planning to raise equity capital up to Rs 7,000 crore in one or more tranches in the current or subsequent years based on the requirement through FPO/ Private Placement/ QIP/ Rights Issue/ Preferential Issue/ Institutional Placement Program. The Board Meeting of the Bank is scheduled to be held on December 19, 2017 to approve the same.
Indian Bank was established as a part of the Swadeshi movement. The bank provides a wide spectrum of banking products and services.