VERIFIEDET Finance·19 Aug 2026neutral

Kotak Mahindra Bank joins peers in tapping dollar debt before RBI window shuts

AI Summary

·Kotak Mahindra Bank raised $650 million via five-year dollar bonds at a coupon rate 27 basis points below initial guidance.
·Indian lenders have collectively raised $6.95 billion in dollar debt since June 5.
·The Reserve Bank of India's swap facility for such issuances closes on August 31.