Indian Bank to raise $1bn through ECBs by Dec-end
Public sector lender Indian Bank is targeting to raise $1 billion through External Commercial Borrowings (ECBs) by Dec-end under the RBI’s concessional swap window. This comes close on the heels of the state-owned lender mobilising FCNR(B) deposits worth Rs 22,486 crore (about $2.4 bn) and raising Rs 3,806 crore (about $393 mn) through Overseas Foreign Currency Borrowings (OFCBs).



