Story 122 Aug 2026· The Economic Times
Banks ride RBI swap wave to raise $12 billion via overseas debt
Indian banks conducted their busiest week for forex debt issuance, collectively raising $12 billion from overseas markets. ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank, and Bank of Baroda contributed $4.4 billion, largely to fund foreign currency non-resident (bank) deposits.
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