Banking News
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Source: Economic Times
Economic Times
Source
RBI & Policy
Category
4 min
Read time
28 Jul
Published
RBI & Policy
4 min read· Economic TimesSBI, HDFC Bank seek $1.7 billion overseas to boost dollar resources
State Bank of India and HDFC Bank are raising significant dollar funds. These large Indian banks are borrowing from foreign institutions to boost reserves. The banks aim to leverage the Reserve Bank of India's special dollar attraction facility. This move allows them to attract overseas client deposits without hedgi…
State Bank of India and HDFC Bank are raising significant dollar funds. These large Indian banks are borrowing from foreign institutions to boost reserves. The banks aim to leverage the Reserve Bank of India's special dollar attraction facility. This move allows them to attract overseas client deposits without hedgi
#RBI#SBI#HDFC
Source: Economic Times