Four Indian banks, including RBL and BoM, line up overseas fund raise

Summary

Four Indian banks, including RBL Bank and Bank of Maharashtra, are preparing to raise funds from overseas markets through dollar bonds to adjust their asset-liability positions after the FCNR (B) window concluded. RBL and BoM are in the final stages of marketing their bonds, aiming to raise between $300 million to $500 million each, while UCO Bank and Bank of India have also received board approval for similar plans.