Indian Bank plans $400 million ECB raise this week
pre-market1 source ↓written by the desknot a recommendation
- through External Commercial
- $400 million
- by December
- $600 million
- in ECB fundraising
- $1 billion
Indian Bank plans to raise $400 million through External Commercial Borrowings this week to support its business growth. The lender may also raise an additional $600 million by December, aiming for a total of $1 billion in ECB fundraising. This move follows RBI's special foreign exchange measures, allowing banks to capitalize on overseas borrowing opportunities.
Not investment advice. For informational purposes only.