Indian Bank board to mull fund raising plan on 20th March'25

Indian Bank said that its board is scheduled to meet on Thursday, 20 March 2025, to consider raising funds.

A meeting of board of directors of the Bank is scheduled to be held on Thursday, the 20th March 2025, inter alia, to consider a proposal regarding fund raising plan, Indian Bank stated n exchange filing.

The said announcement was made on Friday, 14 March 2025.

Indian Bank is a public sector bank. The Government of India held a 73.84% stake in the bank as on 31st December 2024.

The banks net profit increased 36.2% to Rs 2706.44 crore on a 12.9% rise in total income to Rs 17,769.68 crore in Q2 FY25 as compared with Q2 FY24.

The scrip shed 0.51% to end at Rs 491.5 on Friday, 14 March 2025.

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