Indian Bank Raises Basel lll Compliant AT1 Bonds and Tier 2 Bonds

Indian Bank at its board meeting held on January 8, 2019 approved to raise Basel lll Compliant AT1 Bonds upto INR 22 billion and Tier 2 Bonds upto INR 11 billion e in one or more tranches in the financial year 2019-20 based on the requirement.