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The Economic Times

Economy / The Economic Times

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

Indian Bank plans to raise $400 million via External Commercial Borrowings this week. The bank may raise an additional $600 million through ECB before December 2026. It also aims to gather USD 2 billion from FCNR(B) deposits, seeing good demand. The Reserve Bank of India has already closed its concessional swap facility early. These efforts support the bank's business growth and digital initiatives.

16 Aug 2026 11:37 am