Thursday , 18 April 2019
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Indian Bank gets nod to raise funds via bonds

Indian Bank gets nod to raise funds via bonds

Indian Bank has received approval for raising Basel III Compliant AT1 Bonds up to Rs 2200 crore and Tier 2 Bonds up to Rs 1100 crore. The bank will raise the funds in one or more tranches in the financial year 2019-20 based on the requirement.

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services

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