Indian Bank pays Rs 43.9 cr interest on its debt securities

Indian Bank in a regulatory filing on Friday stated that it had paid interest amount of Rs 43.9 crores on its debt securities

PSU Watch Bureau

Published:20th Jan, 2023 at 8:14 PM

New Delhi: State-owned Indian Bank in a regulatory filing on Friday stated that it had paid interest amount of Rs 43.9 crores on its debt securities. The filing also stated that the bank pays interest annually. It said that the issue size was Rs 500 crore.

Additionally, the filing also stated that the record date for interest payment was January 5, 2023. It said that the "bank has duly paid interest on its Debt Securities, Basel III, Compliant Tier 2 Bonds Series I."

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, j oin PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Indian Bank pays Rs 43.9 cr interest on its debt securities

Indian Bank in a regulatory filing on Friday stated that it had paid interest amount of Rs 43.9 crores on its debt securities

Also Read

Coal despatch to power sector dips 2.23% in April-Aug as power demand remains subdued

EIL and NTPC ink MoA for quality assurance, inspection and engineering services

PESB recommends Jatinderjit Singh Mann as Director (Marketing) of MMTC Limited

Stock mkt benchmark indices trade higher tracking rally in global peers amid US Fed rate cut hopes

DoT comes out with draft rules for provision of main telecom services under new authorisation framework