# ICICI Bank doubles borrowing from overseas markets to $5 billion — retained record

> Retained news record from news:india-et-markets.

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source: [news](https://highsignal.app/data/news) (news:india-et-markets)  published 2026-08-21 12:25 ingested 2026-08-22 06:37

[original source ↗](https://economictimes.indiatimes.com/markets/bonds/icici-bank-doubles-borrowing-from-overseas-markets-to-5-billion/articleshow/133404318.cms)

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Indian banks have accelerated overseas fundraising after the Reserve Bank of India brought forward the closure of a foreign-exchange swap facility to August 31 from the end of September.
Private and state-run lenders were on track to raise at least $5 billion through dollar bonds and loans, bankers told Reuters earlier this week.
On Friday morning, Indian government bonds found stability as oil prices leveled off. The market reacted to hawkish minutes from the central bank and a sudden spike in crude prices. Later today, a major debt sale will gauge investor interest in bonds. As retail inflation surpassed the Reserve Bank of India's target, rising oil prices and global yields will influence the upcoming market direction.
ICICI Bank has already raised $2.05 billion through dollar debt in the past month, the most among Indian banks since the RBI announced the swap window in early June.
Earlier this week, ICICI Bank raised $750 million through five-year dollar bonds, its third dollar fundraising in a month, two merchant bankers told Reuters on Tuesday.
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document fetched 2026-08-22 06:37
