The Board of Indian Bank at its meeting held on 03 May 2025 has approved the following:
- Raising equity capital of the Bank aggregating upto Rs.5000 crore
(including premium) through various modes viz. QIP/FPO/ Rights Issue or
in combination thereof.
- Raising AT-1/ Tier-2 capital aggregating upto Rs.2000 crore through
issuance of Basel III Compliant AT-1 Perpetual Bonds / Tier 2 Bonds in
one or more tranches during the current or subsequent financial years
based on the requirement.
The Bank was having similar approval for raising equity capital and AT-1/ Tier 2 capital during FY 2024-25. However, the Bank has not
approached the market to raise equity capital or AT-1/Tier 2 capital during the FY 2024-25.