Indian Bank receives credit ratings from CARE

Indian Bank announced that CARE Ratings has assigned CARE AAA / (Outlook: Credit watch with developing implications) to Bank's Proposed Tier 2 Bonds (Basel III) aggregating to Rs.2000 crore and CARE AA+/(Outlook: Credit watch with developing implications) to Bank's Proposed Additional Tier 1 Perpetual Bonds (Basel III) aggregating to Rs.2000 crore.

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