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Indian bank can raise cr to 4,000 crores. Via QIP

Indian bank can raise cr to 4,000 crores.  Via QIP

Indian Bank has decided to raise up to Rs 4,000 crore equity capital through qualified institutional placement (QIP). In a filing, the bank said that the committee of directors had approved to raise up to ₹ 4,000 crore (including premium) in one or more installments through QIP.

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