Indian Bank board approves fund raising up to Rs 7,000 cr via bonds

At meeting held on 15 October 2026

The board of Indian Bank at its meeting held on 15 October 2026 has approved fund raising plan other than equity capital as detailed below:

1. Raising Long Term Infrastructure Bonds aggregating upto Rs.5000 crore in one or more tranches during the current or subsequent financial years based on the requirement, for financing/refinancing of Infrastructure and Affordable Housing in compliance with applicable RBI guidelines and other applicable laws, rules and regulations.

2. Raising AT 1/ Tier-2 Capital aggregating upto Rs.2000 crore through issuance of Basel Ill Compliant AT 1 / Tier 2 Bonds in one or more tranches during the current or subsequent financial years based on the requirement.