Markets
Indian Banks Set for $2 Billion ECB Fundraising via RBI Swap
State Bank of India, Axis Bank, and other financial institutions are gearing up to tap the overseas bond markets with a potential raise of at least $2 billion through an RBI swap incentive.
askFinz Newsroom· Jun 20, 2026#among#lenders#billion#fundraising
© Joel Rebello
AI Summaryacross 3 sources
- State Bank of India, Axis Bank, and other major Indian banks are set to raise at least $2 billion through overseas bond markets.
- The RBI has provided a 1.5% fixed rate swap on external commercial borrowings (ECBs) as an incentive.
- The fundraising is expected to begin next week with SBI joining the initiative.
askFinz synthesis.Original report synthesised from
Joel Rebello
Akash PandeyAPILeague
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