Indian banks raise overseas funds after RBI's swap facility
pre-market1 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, reducing hedging costs to 1.5% per annum. HDFC Bank, Axis Bank, and SBI have already raised funds, while ICICI Bank plans a dollar bond issue. This scheme, available until 31 Dec 2026, aims to diversify funding sources and revive offshore borrowing.
• HDFC Bank, Axis Bank, SBI actively tapping markets
• ICICI Bank preparing for dollar bond issue
• Scheme expected to boost offshore debt interest
Traders should monitor the impact on liquidity and funding costs.
Not investment advice. For informational purposes only.