VERIFIEDET Finance·22 Aug 2026neutral

Banks ride RBI swap wave to raise $12 billion via overseas debt

AI Summary

·Indian banks collectively raised $4.4 billion this week through overseas debt issuance.
·ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank, and Bank of Baroda were among the lenders.
·The funds raised may be used to finance leverage for foreign currency non-resident (bank) deposits.