ICICI Bank Launches $1.45 Billion Offshore Loan Amid RBI Push To Boost Dollar Funding
India’s second-largest private sector lender, ICICI Bank, has launched a syndicated offshore loan of around $1.45 billion, joining a growing list of Indian financial institutions seeking overseas funding. The move comes as banks look to benefit from a Reserve Bank of India facility designed to reduce the cost of hedging foreign-currency borrowings. ICICI Bank Expands Offshore Borrowing The…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
