Indian Bank has raised Tier 1 Capital Fund through Private Placement of Basel III compliant AT 1 Perpetual Bonds aggregating to Rs 392 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.
| Company Name | CMP |
|---|---|
| SBI | 979.65 |
| PNB | 105.65 |
| Bank Of Baroda | 271.35 |
| Canara Bank | 133.00 |
| Union Bank Of India | 166.55 |
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