Indian banks tap overseas debt markets after RBI's swap facility
after close1 source ↓written by the desknot a recommendation
- hedging costs
- 1.5% per annum
- available
- 31 Dec 2026
Indian banks are leveraging the RBI's concessional swap facility to reduce hedging costs to 1.5% per annum. HDFC Bank, Axis Bank, and SBI have raised funds, while ICICI Bank plans a dollar bond issue. This initiative, available until 31 Dec 2026, aims to diversify funding sources and stimulate offshore borrowing.
• RBI's swap window revives interest in offshore debt
• Tenures of up to five years available
• Expected to enhance banks' funding capabilities
Not investment advice. For informational purposes only.