"The bank is planning to come out with follow-on offer. As per regulations, government must bring down its stake to 75 per cent. Currently, the government holds 82% in the bank. We will look at follow-on offer and may look at raising around Rs 1,000-1,200 crore. We should be able to do this before September-October," said Kishor Kharat, new MD & CEO of Indian Bank.
Indian Bank reports 278% profit growth in Q4 of FY17
Total income rises to Rs 4,601.88 crore from Rs 4,512.18 crore in March quarter of previous year
 "Indian Bank")
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<a href="http://www.shutterstock.com/gallery-1778405p1.html?cr=00&pl=edit-00">TK Kurikawa</a> / <a href="http://www.shutterstock.com/editorial?cr=00&pl=edit-00">Shutterstock.com</a>
"The bank is planning to come out with follow-on offer. As per regulations, government must bring down its stake to 75 per cent. Currently, the government holds 82% in the bank. We will look at follow-on offer and may look at raising around Rs 1,000-1,200 crore. We should be able to do this before September-October," said Kishor Kharat, new MD & CEO of Indian Bank.
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