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.