Indian Bank to consider fund raising plan at board meeting

Indian Bank (BSE: INDIANB) announced that its Board of Directors will convene on March 20, 2025, to consider and potentially approve a fund raising plan. This decision was communicated to the National Stock Exchange of India Limited and the Bombay Stock Exchange, in compliance with SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The notice, dated March 14, 2025, was issued by Dina Nath Kumar, AGM & Company Secretary, from the Investor Services Cell of Indian Bank. The bank is headquartered in Chennai, and its BSE Scrip Code is 532814. The meeting is intended to assess options for boosting the bank's capital reserves.