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 Money & Banking - Overseas Borrowings


IDBI gets nod for $500-m ECB

Our Bureau

MUMBAI: Industrial Development Bank of India (IDBI) has received an in-principle approval for a $500-million external commercial borrowing (ECB).

Confirming this, Mr M. Damodaran, CMD of IDBI, said "We have received approval for the ECB last week.''

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