IOB eyes $1 billion through FCNR (B) and OFCB | Chennai News
Chennai: Indian Overseas Bank (IOB) is targeting to raise $1 billion under Foreign Currency Non-Resident (Bank) (FCNR (B)) deposits and Overseas Foreign Currency Borrowings (OFCBs). Of this, $650 million would be sourced through FCNR (B) deposits by Sept 2026. The public sector lender is betting on its overseas branches and NRI customers base.IOB MD and…