MUMBAI, Feb 15 (Reuters) - Indian Bank plans
to raise funds through the sale of certificates of deposit
maturing in one year, three merchant bankers said on Wednesday.
The state-run lender will offer a yield of 7.76% on the
issue and has received commitments worth around 20 billion
rupees ($241.49 million) so far, the bankers said.
The notes are rated A1+ by CRISIL.
($1 = 82.8200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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