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Indian Bank approves raising up to INR 15,000 crore via bonds

March 27, 2025 at 09:14 PM UTCBy FilingReader AI

Indian Bank (INDIANB.BO) announced its board's approval to raise additional Long Term Infrastructure Bonds aggregating up to ₹5,000 crore, over and above the ₹10,000 crore already raised. This decision, made during a board meeting held on March 20, 2025, allows the bank to potentially raise ₹15,000 crore in the current and/or subsequent financial year (FY 2024-25). The fund raise will occur in one or more tranches, strategically timed based on funding needs. The raised funds are earmarked for financing or refinancing infrastructure and affordable housing projects, aligning with RBI guidelines and other applicable regulations. The bank made the announcement to comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:INDIANBBombay Stock Exchange

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