PSU lender Indian Bank on Tuesday said it has received approval to raise capital up to ₹4,000 crore.The committee of directors for capital raising, at its meeting held on Tuesday, accorded approval for raising of equity capital of the bank aggregating up to ₹4,000 crore (including premium) through Qualified Institutions Placement (QIP) in one or more tranches subject to all statutory and regulatory approvals, the banks said in a filing to stock exchanges.
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