State-owned Indian Bank on Thursday said it proposes to raise Rs 5,000 crore through long-term infra bonds to fund infrastructure sector projects.
The proposal in this regard was approved by the bank's board meeting on Thursday.
The board approved for raising additional long-term Infrastructure Bonds, aggregating up to Rs 5,000 crore over and above Rs 10,000 crore already raised by the bank in the current FY 2024-25, in one or more tranches during the current or subsequent financial year, Indian Bank said in a regulatory filing.
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