Indian Bank raises $140 million in FCNR (B) deposits, aiming for $2 billion by September under new RBI guidelines.

Indian Bank raises $140 million in FCNR (B) deposits, aiming for $2 billion by September under new RBI guidelines.

CHENNAI: Public sector lender Indian Bank is aiming to raise $2 billion through foreign currency non-resident (bank) (FCNR(B)) deposits. The move comes in the wake of the RBI…