($1 = 82.5780 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, March 2 (Reuters) - Indian Bank plans to
raise funds through the sale of certificates of deposit maturing
in one year, three merchant bankers said on Thursday.
The state-run lender will offer a yield of 7.93% on the
issue and has received commitments worth around 30 billion
rupees ($363.3 million) so far, the bankers said.
The notes are rated A1+ by Crisil.
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