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IndusInd Bank on Monday said it has concluded a $500-million three-year syndicated term loan facility from a group of overseas lenders. The private sector lender said the proceeds of the loan will be used for general banking purposes.
"This funding along with the funds raised during this financial year from multilateral institutions -- Asian Development Bank and Overseas Private Investment Corporation -- will help the bank in expanding its lending to clients," said IndusInd Bank in a stock exchange notice.
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