Indian Banks Raise Over $10 Billion in Overseas Dollar Debt

Indian private lenders have raised more than $10 billion in dollar-denominated debt since the RBI opened a special swap window to facilitate foreign funding.

ICICI Bank is currently leading the pack in volume, as banks rush to secure capital before the RBI's swap window deadline expires.

The trend reflects a strategic shift in how Indian banks manage liquidity and currency risk, with analysts noting that the move helps stabilize domestic balance sheets.