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Indian Bank Raises Rs. 2,000 Crores for Affordable Home Loans
September 25, 2017
Public sector Indian Bank said that it has raised Rs. 2,000 crores to offer infrastructure and housing solutions to its customers.
The funds were raised through the issuance of long-term bonds that are a part of a Rs. 5,000 crore plan aimed at supporting the infrastructure and affordable housing in India.
Affordable housing is one of the high-priority projects of the government that aims at “Housing for All by 2022”. Indian bank said that boosting infrastructure is another key area that’s given a high priority.
