Indian Bank has approved raising ₹5,000 crore via long-term infra bonds to fund infrastructure sector projects. The funding aims to support financing and refinancing in compliance with applicable guidelines.

Indian Bank's board has approved to raise ₹5,000 crore through long-term infrastructure bonds. This funding will support infrastructure sector projects, particularly in affordable housing. The fundraising will occur in one or more tranches as required, adhering to RBI guidelines. Shares of the bank ended higher as news of the fundraising came in.