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Kotak Mahindra Bank taps HSBC and CTBC for $600-million overseas loan
Kotak Mahindra Bank plans a $600 million loan from HSBC and CTBC Bank. Bank of India also secured $600 million through a dual-tranche term loan. These foreign currency facilities aim to attract dollars into India. The funds will likely support overseas clients making FCNR (B) deposits. This move leverages a special swap facility from the Reserve Bank of India.
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timesofindia.indiatimes.com
Forex schemes: BoB, BoI target over $6bn mop-up
MUMBAI: Bank of Baroda and Bank of India, the two largest public sector banks in terms of overseas branches, are aiming to raise over $6 billion in foreign capital through schemes…
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economictimes.indiatimes.com
Kotak Mahindra Bank taps HSBC and CTBC for $600-million overseas loan
Kotak Mahindra Bank plans a $600 million loan from HSBC and CTBC Bank. Bank of India also secured $600 million through a dual-tranche term loan. These foreign currency…