Indian Bank, a leading lender in public sector, is going to raise an amount of Rs.5000 crore to give aid loans for affordable housing and infrastructure.
A meeting is to be conducted next week in which the board of directors of the bank will bring this proposal for raising money.
The concept of affordable housing is one of the most progressive projects by the government in the vision of Housing for All by 2022. The growth in infrastructure has become one more important area which is being given priority.
About Indian Bank
The much reputed Indian Bank was established in 1907 on one of the most important days for India, 15th August. It was launched with the Swadeshi Movement. The bank has a dedicated and sincere staff of over 20661 people. It also has branches out of India in Colombo and Singapore.