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Friday 27 Sep, 2024 02:41 PM

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Indian Bank board fund raising proposal via issue of LT infra bonds worth Rs 5,000 crore

27-Sep-24 11:32 Hrs IST

The above fund raising would be over and above Rs 5000 crore already raised by the bank in current FY 2024-25.

The fund raising via issue of infrastructure bonds would be undertaken during the current or subsequent financial year, based on the requirement for financing/refinancing of infrastructure and affordable housing in compliance with applicable RBI guidelines and other applicable laws.

Indian Bank is a public sector bank. The Government of India held 73.84% stake in the bank as on 30 June 2024.

The scrip rose 0.90% to currently trade at Rs 536.45 on the BSE.

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