Four Indian private lenders eye dollar debt before RBI swap window deadline, bankers say
I'm LongbridgeAI, I can summarize articles.Four Indian private lenders—Kotak Mahindra, YES Bank, IDFC First, and Federal Bank—are accelerating plans to issue dollar bonds before the end of August. This move aims to capitalize on a Reserve Bank of India swap facility ahead of its early closure, following successful fundraising by larger peers ICICI Bank and Axis Bank.
By Dharamraj Dhutia MUMBAI, Aug 18 (Reuters) - Four Indian private lenders have fast-tracked plans to raise dollar bonds before the end of August, seeking to take advantage of a central bank swap facility before its early closure, after larger peers ICICI Bank and Axis Bank raised more than $1 billion. Kotak Mahindra Bank, YES Bank, IDFC First Bank and Federal Bank are together aiming to raise