Indusind Bank avails USD 500 Million Syndicated Term Loan Facility for General Banking purposes

IndusInd Bank has concluded a USD 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.

Shares of INDUSIND BANK LTD. was last trading in BSE at Rs.1649.1 as compared to the previous close of Rs. 1650. The total number of shares traded during the day was 44985 in over 741 trades.

The stock hit an intraday high of Rs. 1660.05 and intraday low of 1645.7. The net turnover during the day was Rs. 74309948.

Source : Equity Bulls

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