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The Committee of Directors of state-owned Indian Bank has given approval for raising fund up to what amount through share sale?

The Committee of Directors of state-owned Indian Bank has given approval for raising fund up to what amount through share sale? Correct Answer 4000 crore

The correct answer 4000 crore.

  • The Committee of Directors of state-owned Indian Bank has given approval for raising up to ₹4,000 crores through share sale.
  • The fund raising would be subject to all statutory and regulatory approvals.
  • The bank required to increase its public shareholding to at least 25% within a period of three years from August 3, 2018.

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