Four Indian private banks eye dollar debt before RBI swap window deadline, bankers say
First Bank(US:FRBA) The Economic Times·2026-08-18 21:05Kotak Mahindra Bank, YES Bank, Lenders are rushing to raise funds after the Reserve Bank of India last week said it would close a swap facility for FX deposits from non-resident Indians on August 31, a month earlier than planned.Kotak Bank is leading the race as it has set its final price guidance at 108 basis points above U.S. Treasuries, 22 bps narrower than its initial guidance."Kotak Bank should be finalised before the end of this week, leaving the other three lenders scrambling for funds in the ...