Indian Bank raises Rs 2000 crore for affordable housing

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Public sector lender Indian Bank has raised Rs 2,000 crore to finance infrastructure and affordable housing.

The amount raised through issuance of long term bonds is part of the bank’s Rs 5,000 crore fund raise plan to support infrastructure and affordable housing in the country.

Highlighting that boosting the infrastructure is a key priority, earlier in May this year, Indian Bank had announced about board’s approval to raise Rs 5,000 crore under the governments most ambitious project- ‘Housing for All by 2022.’