MoneyWorks4Me

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 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
View more..