Indian Bank raises Rs 20 billion via bonds for infrastructure, affordable home loans

Public sector lender Indian Bank has raised Rs 20 billion through the issue of long-term bonds to finance infrastructure and affordable housing. The amount raised is part of the bank’s Rs 50 billion fundraising plan to support infrastructure and affordable housing in the country. Earlier, in May 2017, the bank’s board approved the raising of Rs 50 billion in tranches through the issue of seven-year bonds.