Indian Bank has successfully raised USD 400 Million in long-term funds through its GIFT City Branch. This significant fundraising event took place on August 18, 2026, with the funds being drawn down on the same date. The facility has a tenor of 4 years, strengthening the bank’s capital and liquidity position for future growth initiatives.
Indian Bank Secures Long-Term Funding
Indian Bank announced today that its GIFT City Branch has successfully raised long-term funds amounting to USD 400 Million. This significant financial transaction was executed in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Details of the Facility
The facility agreement was signed on August 18, 2026, with the value date also set for August 18, 2026. The total amount raised is USD 400 Million, and the tenor for this long-term funding is 4 years. This strategic move is expected to bolster the bank’s financial resources and support its expansion plans.
Disclosure to Stock Exchanges
The bank has formally informed the National Stock Exchange of India Ltd. and BSE Ltd. about this fundraising initiative, providing them with the necessary details for public dissemination. This disclosure aligns with regulatory requirements and ensures transparency with the market.
Source: BSE
