Indian Bank to raise Rs 5,000 crore via infrastructure bonds

Indian Bank plans to raise Rs 5,000 crore through the issuance of infrastructure bonds in FY25. The funds will be used to finance and refinance infrastructure projects, including those in the renewable energy and transportation sectors. This fundraising effort is part of Indian Bank’s strategy to support the country’s infrastructure development and meet regulatory requirements. The bank has previously raised capital through similar bond issuances and aims to leverage the current favorable market conditions to secure the necessary funding.