Four Banks Including RBL and Bank of Maharashtra Line Up Overseas Fund Raise
- September 10, 2026
- Posted by: Harsh Piplani
- Category: News
At least four Indian banks including RBL and Bank of Maharashtra are lining up an overseas fund raise via dollar bonds.
Quick Answer
The banks overseas fund raise involves at least four Indian lenders, including RBL Bank and Bank of Maharashtra, marketing dollar bonds abroad in their final stages, according to people familiar with the matter. This banks overseas fund raise is being driven by the need to adjust asset-liability positions after the conclusion of the FCNR(B) deposit window, with RBL Bank and Bank of Maharashtra reportedly seeking five-year funds of between 300 million and 500 million dollars each, swapping short-term loans for tenures matching their FCNR(B) deposits.
A group of Indian banks is turning to overseas debt markets to manage temporary funding mismatches created after a recent deposit scheme wound down.
Here is what is driving this round of banks overseas fund raise and which lenders are involved.
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Which Banks Are Involved
RBL Bank and Bank of Maharashtra are among the lenders in the final stages of marketing their dollar bonds abroad, with people familiar with the matter telling ET that at least four banks are part of this broader banks overseas fund raise effort.
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Why Now: The FCNR(B) Connection
The banks overseas fund raise follows the conclusion of the FCNR(B) deposit window, a concessional swap facility that had drawn large foreign currency inflows. Swapping short-term loans for tenures matching the FCNR(B) deposits will help these banks tide over temporary asset-liability mismatches, with RBL and Bank of Maharashtra reportedly seeking five-year funds of 300 million to 500 million dollars each.
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FAQs
Which banks are part of this overseas fund raise?
Ans. RBL Bank and Bank of Maharashtra are among at least four banks reported to be in the final stages of a banks overseas fund raise via dollar bonds.
Why are these banks raising funds overseas now?
Ans. This banks overseas fund raise is aimed at adjusting asset-liability positions after the conclusion of the FCNR(B) deposit window.
What tenure of funds are RBL and Bank of Maharashtra seeking?
Ans. Both banks are reportedly seeking five-year funds, with amounts between 300 million and 500 million dollars each as part of the banks overseas fund raise.
What is the FCNR(B) window?
Ans. It is a concessional swap facility that allowed banks to raise foreign currency non-resident deposits, which recently concluded.
How does this fund raise help banks manage their balance sheets?
Ans. Swapping short-term loans for longer tenures matching the FCNR(B) deposits helps banks avoid temporary asset-liability mismatches.
Has RBL Bank raised overseas funds before this reported deal?
Ans. Yes, RBL Bank’s board had earlier approved a programme to raise up to 1 billion dollars from overseas investors through bond issuance, ahead of this latest banks overseas fund raise.
