Board of Indian Bank accords in-principle approval for issue of LT bonds

At meeting held on 05 May 2017

Indian Bank announced that the Board of Directors of the Company in its meeting held on 05 May 2017, accorded in-principle approval for issue of Long Term Bonds for financing of Infrastructure and Affordable Housing upto an amount of Rs.5,000 crore. The Board will consider specific approval for the same at the time of actual floating of the Bonds.

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