Kotak Mahindra Bank plans a $600 million loan from HSBC and CTBC Bank. Bank of India also secured $600 million through a dual-tranche term loan. These foreign currency facilities aim to attract dollars into India. The funds will likely support overseas clients making FCNR (B) deposits. This move leverages a special swap facility from the Reserve Bank of India.
Kotak Mahindra Bank plans a $600 million loan from HSBC and CTBC Bank. Bank of India also secured $600 million through a dual-tranche term loan. These foreign currency facilities aim to attract dollars into India. The funds will likely support overseas clients making FCNR (B) deposits. This move leverages a special swap facility from the Reserve Bank of India.
<iframe src="https://hindustansphere.com/embed/cluster/5b717d217d16d7dbc4a52d2d1e4f40e44c182669" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Kotak Mahindra Bank taps HSBC and CTBC for $600-million overseas loan"></iframe>
