Indian Finance Giants Set to Snag $1.5 Billion in Loans

Three Indian finance giants are on a mission to grab $1.5 billion in foreign loans, opting for the speedy loan route instead of the slow bond process. Nabard, Sidbi, and NaBFID are in the game, with NaBFID already chatting with lenders. Thanks to the RBI's new scheme, this could be a wallet-friendly adventure for them!

Quick rundown

1.Indian DFIs aim to raise $1.5 billion via foreign loans.

2.NaBFID leads the charge with $500 million ECB plans.

3.Loans preferred over bonds for simplicity and speed.

4.RBI's scheme makes overseas borrowing cheaper.

5.Nabard and Sidbi to enter foreign markets soon.

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