India, Jan. 14 -- Indian Bank has successfully raised Tier 2 Capital Fund through Private Placement of Basel III compliant Tier 2 Bonds aggregating to Rs 2000 crore at a coupon of 6.18% p.a. payable annually. The issuance/placement of said Bonds has been completed by the Bank through BSE-EBP.

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.

Published by HT Digital Content Services with permission from Accord Fintech....