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VERIFIEDET Markets·neutral
RBL, BoM eye dollar bonds to refinance FCNR funding
AI Summary
- ·RBL Bank and Bank of Maharashtra are seeking to refinance FCNR(B) deposit funding through dollar bonds.
- ·UCO Bank and Bank of India are also planning overseas fundraising for similar purposes.
- ·These initiatives aim to optimize asset-liability structures and repay short-term loans.