Indian Bank has announced the exercise of a call option on its outstanding Tier 2 Bonds Tranche A (ISIN INE562A08024) aggregating to ₹290 crore and Tier 2 Bonds Tranche B (ISIN INE562A08032) aggregating to ₹110 crore, subject to prior approval of RBI, with record dates fixed on 16th October 2023 and 23rd October 2023 respectively.