Indian Bank Raises USD 400 Million in Long Term Funding via GIFT City Branch
Indian Bank has successfully raised long term USD funds totaling USD 400 Million through its GIFT City Branch. The financing arrangement was completed on August 18, 2026, providing a significant infusion of capital for the bank’s operations.The funding facility details indicate that the agreement and value date were both set for August 18, 2026. The secured long term funds carry a tenor of four years.
Key financial details regarding the facility are summarized below:
| Date of Facility Agreement | Value Date | Amount | Tenor |
|---|---|---|---|
| 18.08.2026 | 18.08.2026 | USD 400 Million | 4 years |
This successful fundraising activity by Indian Bank leverages the opportunities within the GIFT City structure, providing the institution with stable, long term US dollar denominated resources.
INDIANB Stock Price Movement
As of 1:41 PM, shares of Indian Bank are shedding value in live trading, slipping by 0.64% to trade at ₹869.40. The equity has demonstrated volatility during the day, currently ranging between a low of ₹867.50 and a high of ₹881.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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