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Indian Bank raises Rs 1048 crore through bonds

09 Dec 2020 Evaluate

Indian Bank has successfully raised Tier 1 Capital Fund through Private Placement of Basel III compliant AT 1 Perpetual Bonds aggregating to Rs 1048 crore at a coupon of 8.44% p.a. payable annually. The issuance/placement of said Bonds has been completed by the bank through BSE-EBP.

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 980.00
PNB 123.90
Bank Of Baroda 241.50
Canara Bank 119.75
Union Bank Of India 186.15
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