Indian Bank FPO

Indian Bank FPOIndian Bank plans to improve Rs 1,500 cr via a follow-on public issue, that is going to hit the market in July. The DRHP for the IPO issue may be filed most likely in May, following the present years financial results are audited, Chairman and Managing Director of Indian Bank’s T M Bhasin, mentioned, Indian Bank FPO: DRHP to be filed in May

Indian Bank is 80percent held by the Govt of India and, therefore, a 10percent dilution will never threaten the public sector| character| of the bank.

Indian Bank complete business comprises deposits around Rs 98,000 cr as well as advances of Rs 70,000 cr.

More update and analyst view come later,,,,,,,,,,,,,,,,.


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