Mumbai, May 3 -- The Board of Indian Bank at its meeting held on 03 May 2025 has approved the following:

- Raising equity capital of the Bank aggregating upto Rs.5000 crore

(including premium) through various modes viz. QIP/FPO/ Rights Issue or

in combination thereof.

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

issuance of Basel III Compliant AT-1 Perpetual Bonds / Tier 2 Bonds in

one or more tranches during the current or subsequent financial years

based on the requirement.

The Bank was having similar approval for raising equity capital and AT-1/ Tier 2 capital during FY 2024-25. However, the Bank has not

approached the market to raise equity capital or AT-1/Tier 2 capital during the FY 2024-25.

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