{
  "id": 2480130,
  "title": "Banks ride RBI swap wave to raise $12 billion via overseas debt",
  "url": "https://urgent.news/2026/08/21/banks-ride-rbi-swap-wave-to-raise-12-billion-via-overseas-debt",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T18:34:04.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/bonds/banks-ride-rbi-swap-wave-to-raise-12-billion-via-overseas-debt/articleshow/133415906.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "This week was the busiest for forex debt issuance by Indian lenders. ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank and Bank of Baroda together raised a massive $4.4 billion, and the bulk of the proceeds may be used to help fund the leverage for foreign currency non-resident (bank) [FCNR (B)] deposits.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}