Indian Bank — Board Meeting, 20-03-2025: Outcome of Board Meeting

The Board has announced a board meeting outcome, approving a fund-raising proposal for additional Long Term Infrastructure Bonds up to ₹5,000 Cr, in addition to the ₹10,000 Cr already raised in FY 2024-25. The bonds will be issued in one or more tranches to support infrastructure financing and affordable housing, aligning with RBI guidelines. This strategic move aims to bolster the bank’s financial capabilities in the current and subsequent financial years.