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The Economic Times
The Economic Times

Indian Bank plans to garner $400 million via ECB this week: MD Binod Kumar

Binod Kumar Indian Bank ECB India RBI FCNR FCNR B Reserve Bank Reserve Bank of India

Chennai, To cash in on the RBI's concessional swap window, Indian Bank plans to raise $400 million through External Commercial Borrowings (ECB) this week to support its business growth.

In addition, the public sector lender may mop up another $600 million via ECB before the Reserve Bank of India's deadline of December 31, 2026.

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