The board of administrators of Indian Financial institution has authorized elevating a further ₹5,000 crore by way of long-term infrastructure bonds.
That is over and above the ₹5,000 crore already raised within the present fiscal, the general public sector lender mentioned in a regulatory submitting.
The quantity shall be raised in a number of tranches in the course of the present or subsequent monetary 12 months based mostly on the requirement for financing/refinancing of infrastructure and reasonably priced housing in compliance with relevant RBI pointers and different relevant legal guidelines, guidelines and laws.
Revealed – September 26, 2024 08:03 pm IST
