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.