Indian Bank raises Tier I Capital aggregating Rs 560 cr

Indian Bank has further raised Tier 1 Capital Fund through Private Placement of Basel III compliant AT 1 Perpetual Bonds aggregating to Rs.560 crore at a coupon of 8.44% p.a. payable annually.

The issuance/placement of said Bonds has been completed by the Bank through BSE-EBP.

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