SBI decided not to use the greenshoe option to increase the five-year credit line by as much as $250 million.
According to Bloomberg, the volume of foreign currency loans taken by Indian issuers in 2025 decreased by 30% compared to the same period of the previous year and amounted to $3.2 billion. This indicator is currently at its lowest level in four years.
But that trend could soon change, as billionaire Mukesh Ambani's conglomerate Reliance Industries Ltd. is currently in the market for up to $3 billion in loans. Non-bank financial companies, or so-called shadow banks, in particular, are increasingly using dollar loans amid tighter regulations on land.
Shriram Finance Ltd., India's largest truck finance company, is in talks with banks to raise up to $250 million in a three-year loan, adding to a record $2 billion in offshore borrowings raised in the current fiscal year ending March 31.
Source: Bloomberg
