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.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-19/indian-banks-line-up-2-5-billion-debt-sales-using-rbi-swap)