Banks ride RBI swap wave to raise $12 billion via overseas debt
2 sources·Updated August 22, 2026
Covered by 2 sources
- Business Standard·2h agoRBI forex swap facility attracts $72.85 billion inflows as of August 21
FCNR(B) deposits accounted for nearly 90 per cent of the total at $65.40 billion, while ECBs and OFCBs contributed $2.59 billion and $4.86 billion, respectively
Read at Business Standard → - Economic Times·17h agoBanks ride RBI swap wave to raise $12 billion via overseas debt
This week was the busiest for forex debt issuance by Indian lenders. ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank and Bank of Baroda together raised a massive $4.4 billion, and the bulk of the proceeds may be used to help fund the leverage for foreign currency…
Read at Economic Times →
