State Bank of India (SBI) has raised 3-year funds of $500 million (over Rs 3,800 crore) through a syndicated loan facility at "very fine pricing" through its IFSC Gift City branch.
IndusInd Bank has been conferred with the global 'Cellent Model Bank' award under the category of 'Payments System Transformation' for making it a best-in-class enterprise payments hub.