Indian Bank to raise Rs 1,100 crore from bonds

Chennai headquarters Indian Bank plans to raise Rs 1,100 crore from bonds to fund business growth.

• The bank 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, Indian Bank said in a regulatory filing.

Keys Indian Bank:

• CEO – Mahesh Kumar Jain
• Tagline – Your Tech-friendly bank