INDIAN BANK - Board Meeting on Jan 19, 2016

Indian Bank has informed BSE that pursuant to the Bank's Strategic Plan discussed by its Board on October 26, 2015, the Bank is proposing to seek the approval of its Board in the ensuing Board Meeting to be held on January 19, 2016 to permit the Bank to raise Basel III compliant Tier II Bonds for Rs. 1100 crore in one or more tranches in the current or subsequent years based on the requirement.