ICICI Bank has taken a significant step by doubling its overseas borrowing limit to five billion dollars. This strategic decision enhances the bank's ability to tap into international fundraising avenues. Following the closure of a previous swap facility, Indian banks are ramping up efforts, eyeing to collectively secure at least five billion dollars through loans and bonds. So far, ICICI has successfully raised over two billion dollars in dollar-denominated debt.

Indian banks raised $4 billion in global bonds recently, with strong demand expected to continue through late 2026.

HDFC Bank plans to raise $1 billion in overseas debt through bonds, capitalizing on a closing central bank FX swap window.

MUMBAI: Banks are accelerating foreign-currency bond and external commercial borrowing after RBI closed its FCNR(B) deposit swap facility a month ahead of schedule, while its June…

ICICI Bank doubles its overseas borrowing limit to $5 billion, having raised $2.05 billion in the past month.

ICICI Bank has taken a significant step by doubling its overseas borrowing limit to five billion dollars. This strategic decision enhances the bank's ability to tap into…