Economic TimesLean R·
Indian Overseas Bank eyes $650 million foreign deposits by September
Indian Overseas Bank aims to gather $650 million in foreign currency deposits by September. The bank has already secured $300 million without utilizing leverage options. Overall, the lender plans to raise one billion dollars through deposits and external borrowing. This projection follows a significant 49.3% jump in first quarter net profit. The bank also reported strong growth in advances and net interest income.
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