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Indian Bank gets nod to raise funds via bonds

09 Jan 2019 Evaluate

Indian Bank has received approval for raising Basel III Compliant AT1 Bonds up to Rs 2200 crore and Tier 2 Bonds up to Rs 1100 crore. The bank will raise the funds in one or more tranches in the financial year 2019-20 based on the requirement.

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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