INDIAN BANK Q2: BOARD APPROVES FUNDRAISING PLAN OF UP TO ₹7,000 CR 🟢

• Infrastructure Bonds: Plans to raise up to ₹5,000 Cr through long-term infrastructure bonds. • Funds will be utilised for financing/refinancing infrastructure and affordable housing projects. • AT1 / Tier-2 Bonds: Plans to raise up to ₹2,000 Cr through Basel III-compliant bonds. • Fundraising will be undertaken in one or more tranches during the current or subsequent financial years, based on requirements. • Total proposed fundraising stands at ₹7,000 Cr, excluding equity capital.

INDIAN BANK

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