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INDIANB - Indian Bank News Story

₹125.65 -0.2  -0.2%

Last Trade - 17/05/21

Mid Cap
Market Cap £1.37bn
Enterprise Value £2.85bn
Revenue £1.93bn
Position in Universe 235th / 3112

BRIEF-Indian Bank raises 5 bln rupees under Basel III bonds

Thu 31st March, 2016 6:55am
March 31 (Reuters) - Indian Bank  INBA.NS : 
 * Indian bank-bank raised inr 5 billion under Basel III compliant additional 
   tier i bonds with a coupon of 11.15% p.a. from rural electrification corp 
* Source text: Indian Bank has informed the Exchange that the approval accorded by Banks Board to raise Basel III compliant Tier II or Additional Tier I Bonds for Rs.1100 crore in one or more tranches in the current or subsequent years based on the requirement. Accordingly, the Bank has successfully raised Rs.500 crore under Basel III compliant Additional Tier I Bonds on March 30, 2016 with a coupon of 11.15% p.a. from M/s Rural Electrification Corporation Limited. 
 * Further company coverage  INBA.NS   
  ((Bengaluru Newsroom; +91 80 6749 1130))
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