Chennai: Indian Bank’s GIFT City Branch has raised USD 400 million in long-term funds with a tenor of four years, strengthening the bank’s foreign currency resource base and supporting its international and cross-border business requirements.
The facility agreement was signed on August 18, 2026, which was also the value date of the transaction.
Indian Bank Raises USD 400 Million Through GIFT City Branch
The long-term funding facility will provide Indian Bank with additional foreign currency resources to support its business requirements and future growth.
Key details of the facility:
- Amount raised: USD 400 million
- Branch: Indian Bank’s GIFT City Branch
- Tenor: 4 years
- Facility agreement date: August 18, 2026
- Value date: August 18, 2026
- Purpose: Strengthening foreign currency resources and supporting overseas and cross-border business requirements
The fundraising represents an important addition to the bank’s long-term funding resources.
Read also: Indian Bank Appoints Somesh Biswas as Part-Time Non-Official Director for 3 Years
Funding to Support Overseas and Cross-Border Business
The funds raised through the facility are expected to strengthen Indian Bank’s foreign currency resource base.
The additional resources will support the bank’s overseas operations and cross-border business requirements, providing greater financial flexibility for its international banking activities.
The transaction also forms part of the bank’s broader efforts to strengthen its financial resources and support its expansion plans.
Indian Bank Makes Regulatory Disclosure
Indian Bank disclosed the fundraising to the stock exchanges in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The bank formally informed both the National Stock Exchange of India Ltd. (NSE) and BSE Ltd. about the transaction.
The disclosure provides details of the facility and ensures compliance with applicable regulatory and market disclosure requirements.
GIFT City Branch Strengthens Indian Bank’s Global Funding Base
The USD 400 million long-term facility highlights the role of Indian Bank’s GIFT City Branch in accessing international and foreign currency funding.
With a four-year tenor, the facility provides the bank with a long-term source of funds that can support its overseas and cross-border business activities.
About Indian Bank
Indian Bank is a leading public sector bank headquartered in Chennai, Tamil Nadu. Established in 1907, the bank provides a wide range of banking and financial services to individuals, businesses and institutions. It has a nationwide presence and also undertakes international banking activities to support India’s trade and cross-border financial requirements.
Read also: Indian Bank Q1 FY27 Results: Net Profit Rises 10% to ₹3,273 Crore, Gross NPA Improves to 1.86%
