The state owned bank, Indian Bank is planning to raise Rs 1,100 crore from bonds to fund the business growth.
The Indian Bank Said in a regulatory filing that it plans to raise Basel III compliant Tier II Bonds for Rs 1,100 crore in one or more tranches in the current or subsequent years based on the requirement.
It further informed that the decision in this regard will be taken in the board meeting to be held on January 19.
