Indian Bank to raise another USD 500 mn ECB by Dec-end; USD 1 bn total planned, MD says

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Indian Bank targets an ambitious goal of raising an extra USD 500 million via external commercial borrowings by the end of December. This move will elevate their total ECBs to USD 1 billion. A significant USD 150 million tranche will be finalized soon. The effective deployment of funds from FCNR(B) deposits has bolstered liquidity management, as the bank strategically trims bulk deposits while managing retail term deposits efficiently.

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Indian Bank to raise another USD 500 mn ECB by Dec-end; USD 1 bn total planned, MD says

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