Mumbai, Oct. 15 -- The board of Indian Bank at its meeting held on 15 October 2026 has approved fund raising plan other than equity capital as detailed below:

1. Raising Long Term Infrastructure Bonds aggregating upto Rs.5000 crore in one or more tranches during the current or subsequent financial years 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.

2. Raising AT 1/ Tier-2 Capital aggregating upto Rs.2000 crore through

issuance of Basel Ill Compliant AT 1 / Tier 2 Bonds in one or more tranches during the current or subsequent financial years based on the requirement.

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