Indian Bank raises Rs 5000 crore

Ace News

26th Oct 2024

Indian Bank has raised Rs 5000 crore through the allotment of 7.12%, Senior, Rated, Listed, Unsecured, Redeemable, Long Term, Fully Paid-up, Non-Convertible Bonds in the nature of Debentures, Series II. Date of Allotment is October 25, 2024.  

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.