Indian Bank has successfully raised Rs 600 crore under Basel III Compliant Tier 2 Bonds on January 22, 2019 with a coupon rate of 8.53% per annum (p.a.), tenor at 10 years with call option after completion of 5 years, on private placement basis. The CRISIL assigned ‘AAA/Stable’ rating and CARE assigned ‘AAA’ rating.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
