Indian Bank to raise USD 400 million via ECB this week
pre-market1 source ↓written by the desknot a recommendation
Indian Bank plans to raise USD 400 million through External Commercial Borrowings (ECB) this week, leveraging the RBI's concessional swap window. The bank aims to secure a total of USD 1 billion from ECBs and USD 2 billion from FCNR(B) deposits by December 2026. This move is expected to support business growth and enhance liquidity. 💼
Not investment advice. For informational purposes only.