Banks had raised $52.3 billion through the facility as of August 14. Following that mobilisation, the RBI moved the closing date to August 31, rather than the previously scheduled September 30, according to the Economic Times report.

The concern highlighted in the report is about certainty around an announced policy timetable. Banks that had been working towards the September deadline now faced an earlier cut-off. For institutions organising funding around that schedule, the change raises questions about how much reliance they can place on the original window.

Bankers cited in the report warned that the shorter timetable could interfere with dollar borrowing arrangements and plans involving leverage. These are concerns about possible disruption, rather than evidence of a quantified loss. The supplied report does not identify affected banks or state the financial impact on them.

The $52.3 billion mobilisation is the key figure given for the facility’s uptake. However, the report does not specify how banks would revise their plans after the early closure, or whether any arrangements already in progress would receive separate treatment. Those details remain unstated.