New Delhi: State-owned Indian Bank announced on Thursday that its board has given the green light to raise Rs 5,000 crore through long-term infrastructure bonds in order to fund projects.
In a regulatory filing, the bank stated that the board has authorized the increase of additional long-term infrastructure bonds totaling Rs 5,000 crore, in addition to the Rs 5,000 crore previously raised by the bank in FY25.
It is stated that the financing/refinancing for infrastructure and affordable housing will be completed in one or more installments in the current or upcoming financial year, in accordance with RBI guidelines and other laws.
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