Indian Bank Gets RBI Nod to Exercise Call Option on Basel III Tier 2 Bonds
Indian Bank, one of the significant players in the country’s banking sector, has won the green light from the Reserve Bank of India (RBI) to exercise the call option on its Basel III Tier 2 bonds Tranche C, which holds a substantial value of ₹600 crore. The call option provides the bank with an opportunity to redeem these bonds prior to the scheduled maturity date. This move marks a significant point in the bank’s financial strategy, demonstrating a dynamic approach to capital management.
Understanding the Basel III Regulations
Introduced in the aftermath of the financial crisis of 2007-2008, Basel III…
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