State-run Indian Bank today said it has raised Rs 500 crore by issuing additional tier-I bonds.
Earlier this month, Indian Bank had informed that its Board has given approval to raise Basel III compliant tier II or additional tier I bonds for Rs 1,100 crore in one or more tranches in the current or subsequent years based on the requirement.
Indian Bank shares were trading 1.59 per cent up at Rs 105.30 apiece during afternoon session on the BSE.
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