At least four lenders including the State Bank of India are preparing to raise about $2.5 billion selling bonds in the coming weeks, tapping a Reserve Bank of India facility that makes it cheaper to borrow dollars, according to people familiar with the matter.
Signage at the State Bank of India (SBI) headquarters in Mumbai, India, on Tuesday, Nov. 11, 2025. SBI is supportive of another wave of mergers among state-backed lenders as policymakers explore ways to build scale and finance growth in the world’s fastest-growing major economy.
A blazing rally in India’s short-end bonds, driven by plans to attract foreign capital, may fizzle out because the central bank is expected to drain excess cash from the financial system, according to analysts.
Anmelden
