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Development · 19 Aug 2026

Four Indian private lenders, Kotak Mahindra Bank, YES Bank, IDFC First Bank, and Federal Bank, are fast-tracking plans to raise $1.85 billion through dollar bond sales before the RBI's August 31 deadline for closing its swap facility for FX deposits from non-resident Indians.

1 publisher has reported this development. Each act of reporting is below, cited.

The record

Four Indian private lenders, Kotak Mahindra Bank, YES Bank, IDFC First Bank, and Federal Bank, are fast-tracking plans to raise $1.85 billion through dollar bond sales before the RBI's August 31 deadline for closing its swap facility for FX deposits from non-resident Indians.

indiatimes.com18 Aug 2026

Four Indian private banks, Kotak Mahindra Bank, YES Bank, IDFC First Bank, and Federal Bank, aim to raise $1.85 billion through dollar bond sales before the RBI's swap facility deadline of August 31, 2026.

indiatimes.com18 Aug 2026

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