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.
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