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IndusInd Bank concludes $500 million Syndicated Term Loan Facility

01 Jan 2018 Evaluate

IndusInd Bank has concluded a $500 million Syndicated Term Loan Facility from a group of overseas lenders. The tenor of the facility is 3 years and will be used for general banking purposes.

This fund-raising, along with the funds raised during this financial year from multilateral institutions, viz., ADB and OPIC, will help the bank in expanding its lending to clients.

IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate customers. As on June 30, 2017, IndusInd Bank has 1210 branches, and 2090 ATMs spread across 687 geographical locations of the country.


Peers
Company Name CMP
HDFC Bank 710.20
ICICI Bank 1341.60
Axis Bank 1248.50
Kotak Mahindra Bank 431.25
Indusind Bank 906.95
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