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Indian Bank receives ratings for proposed Tier 2 and Tier 1 bonds

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Indian Bank announced that CARE Ratings vide their letter dated 10 May 2021 has assigned CARE AAA, Outlook Stable rating to Bank's proposed Basel III Tier 2 Bonds of Rs.1000 crore and CARE AA, Outlook Stable rating to Bank's proposed Basel III Additional Tier 1 (AT1) perpetual Bonds of Rs.500 crore.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, May 11 2021. 11:02 IST