Major lenders like SBI and Axis Bank plan to raise over $2 billion overseas, leveraging RBI's 1.5% fixed-rate swap incentive to strengthen the rupee.
SBI, Axis Bank e BoB racimolano $2B dall'estero sfruttando swap RBI 1.5% su ECB, mentre la rupie perde 1%/mese. Per manager tech con operazioni India-exposed, segnale di supporto policy al funding bancario e riduzione costi cross-border, ma pressione valutaria resta.
Indian lenders plan $2B overseas fundraising amid RBI incentive
Jun 20, 2026
04:13 pm
What's the storyIndia's leading banks, including State Bank of India (SBI), Axis Bank, and Bank of Baroda (BoB), are set to collectively raise at least $2 billion from international markets.
The fundraising drive will also include Power Finance Corporation.
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