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Indian Bank raises Rs 392 crore through bonds

31 Dec 2020 Evaluate

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.

Indian Bank Share Price

836.80 -10.80 (-1.27%)
04-Jun-2026 16:59 View Price Chart
Peers
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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