The board of directors of Indian Bank has approved raising an additional ₹5,000 crore through long-term infrastructure bonds.
This is over and above the ₹5,000 crore already raised in the current fiscal, the public sector lender said in a regulatory filing.
The amount will be raised in one or more tranches during the current or subsequent financial year based on the requirement for financing/refinancing of infrastructure and affordable housing in compliance with applicable RBI guidelines and other applicable laws, rules and regulations.
Published - September 26, 2024 08:03 pm IST
