Under Basel III compliant Tier II Bonds
Indian Bank has successfully raised further Rs. 600 crore under Basel III compliant Tier II Bonds on 28 July 2016 with a coupon of 8.10% p.a., tenor at 10 years and Call Option after completion of 5 years, on private placement basis. The Credit Rating assigned is "CRISIL AAA/Negative" and "CARE AAA".Powered by Capital Market - Live News
