Indian Lenders Pivot to Overseas Foreign Currency Borrowing via OFCB Route

Lenders may turn to OFCB route to raise more funds abroad

Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an advanced deadline on August 31 that altered original plans tied to deposit-linked fundraising. With the Reserve Bank of India (RBI) moving the timeline forward, many lenders have revised their bond issuance approaches.