Indian Bank To Raise Rs 5,000 Cr

New Delhi: State-owned Indian Bank on Thursday said its board has approved raising of Rs 5,000 crore through long-term infrastructure bonds to finance projects.The board approved raising of additional long-term infrastructure bonds aggregating up to Rs 5,000 crore over and above Rs 5,000 crore already raised by the bank in FY25, the bank said in a regulatory filing. It would be done in one or more tranches during the current or subsequent financial year based on the requirement for financing/refinancing of infrastructure and affordable housing in compliance with applicable RBI guidelines and other applicable laws, rules and regulations, it said.