PSU Bank Fundraise: Rs 10,000 crore in FY25 - Big update from BSE 200 public lender

Several public sector banks, including Indian Bank, have announced plans to raise a total of Rs 10,000 crore in FY25 through the issuance of bonds. This fundraising effort aims to finance and refinance infrastructure and affordable housing projects in compliance with RBI guidelines. The funds will be raised in multiple tranches throughout the financial year. This move follows similar fundraising initiatives by other PSU banks like SBI, Canara Bank, and PNB, which are also raising capital to support their business growth and meet regulatory requirements.