For RBL and Bank of Maharashtra, the proposed bond funding is intended to refinance short-duration borrowings taken for FCNR(B) deposits. Their current effort involves promoting the dollar bonds abroad. The supplied report describes fundraising activity in progress, rather than announcing that either bank has completed a bond issue.

UCO and Bank of India are also getting ready to seek funds outside India. The report links these preparations to efforts to improve how assets and liabilities are structured. It does not establish that all four lenders are at the same stage: the first two are already marketing bonds, while the other two are preparing similar initiatives.

Important details remain unstated in the supplied material. These include the proposed borrowing amounts, pricing, repayment periods and completion schedules. It also does not give the size or terms of the short-term loans being refinanced. That leaves limited information for assessing the eventual funding cost or comparing the plans across the four banks.