India, Aug. 17 -- To cash in on the RBI's concessional swap window, Indian Bank plans to raise $400 million through External Commercial Borrowings (ECB) this week to support its business growth. In addition, the public sector lender may mop up another $600 million via ECB before the Reserve Bank of India's deadline of December 31, 2026.

"The bank is considering raising $400 million via the ECB route as early as this week...the overseas fundraise would come at a very competitive rate," Indian Bank MD and CEO Binod Kumar told PTI in an interview. Post August, he said, the bank would consider garnering another $600 million as the RBI window is available till the end of the calendar year.

Overall, the bank is planning to garner $1 billion f...