MUMBAI, Feb 16 (Reuters) - India's Bank of Maharashtra plans to raise funds through certificates of deposit
maturing in three months, three merchant bankers said on
Thursday.
The state-run lender will offer a yield of 7.48% on this
issue and has received commitments worth 5 billion rupees
($60.48 million) so far, the bankers said.
The notes are rated A1+ by CRISIL.
($1 = 82.6670 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
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