India's ICICI Bank doubles overseas borrowing limit to $5 billion (updated)

ICICI Bank

21/08/2026 06:52

Updates with details paragraph 2 onwards
Aug 21 (Reuters) - India's ICICI Bank ICBK.NS said on Friday its board approved doubling the limit for overseas borrowings to $5 billion, as the country's second-largest private lender ramps up fundraising in international markets.
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.
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.

 (Reporting by Surbhi Misra in Bengaluru; Editing by Ronojoy Mazumdar)
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