Board of Indian Bank accords approval to raise up to Rs 1000 cr in bond issue

At meeting held on 02 August 2016

Indian Bank announced that the Board of Directors of the Bank has in the meeting held on 02 August 2016 accorded approval to the Bank to raise Basel III compliant AT 1 and / or Tier 2 Bonds upto Rs. 1000 crore in one or more tranches in the current or subsequent years based on the requirement.

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