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IndusInd Bank raised USD 500 mn from overseas lenders

Equitypandit_IndusInd_Bank

IndusInd Bank for expanding its business has raised USD 500 million term loan from overseas lending bodies.

In a regulatory filing the bank stated that, the private sector bank has concluded the syndicated term loan facility from a group of overseas investors.

Further it added that, the tenor of the loan is for 3 years and will be used for general banking purposes.

Read EquityPandit’s Technical Analysis of Nifty Bank

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