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Indusind Bank informs about raisiing of funds

01 Jan 2018 Evaluate

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Indusind Bank has informed about availing 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, ADB and OPIC, will help the Bank in expanding its lending to clients. compliance with the Regulation 46, this information is being hosted on the Bank's website.

The above information is a part of company’s filings submitted to BSE.


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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