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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.

Indian Bank Share Price

832.65 -10.75 (-1.27%)
25-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
State Bank Of India 1045.15
PNB 107.85
Bank Of Baroda 279.25
Canara Bank 129.00
Union Bank Of India 174.80
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