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

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26 Aug, 2025 12:21

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State-owned Indian Bank on September 26 said its board has approved raising of Rs 5,000 crore through long-term infrastructure bonds to finance projects.

The board approved raising of additional long-term infrastructure bonds aggregating up to Rs 5,000 crore over and above Rs 5,000 crore already raised by the bank in FY25, Indian Bank said in a regulatory filing.

The fund raise would be done in one or more tranches during the current or subsequent financial year based on the requirement for financing/refinancing of infrastructure and affordable housing in compliance with applicable RBI guidelines and other applicable laws, rules and regulations, it said.

Indian state-run banks have been raising funds via infrastructure bonds in the past few months. While Bank of Baroda raised Rs 5,000 crore at a coupon rate of 7.26 percent per annum through long-term 10-year infrastructure bonds earlier this month, State Bank of India (SBI) raised Rs 10,000 crore through its fifth infrastructure bond issuance, in June.