Joel Rebello

RBL Bank and Bank of Maharashtra are actively promoting dollar bonds in international markets as they look to refinance short-term loans acquired for FCNR(B) deposits. Meanwhile, UCO Bank and Bank of India are also gearing up for similar fundraising initiatives overseas, aiming to optimize their asset-liability structures following the closing of the FCNR(B) window. These funds will facilitate the repayment of short-term loans taken by the banks.

RBL Bank and Bank of Maharashtra are actively promoting dollar bonds in international markets as they look to refinance short-term loans acquired for FCNR(B) deposits. Meanwhile, UCO Bank and Bank of India are also gearing up for similar fundraising initiatives overseas, aiming to optimize their asset-liability structures following the closing of the FCNR(B) window.

RBI Deputy Governor Rohit Jain warned financial institutions and fintech firms that rapid adoption of emerging technologies brings risks around speed, concentration and opacity. He said institutions must ensure technology works fairly, reliably and safely for customers, while retaining responsibility for outcomes even when computing, cloud infrastructure or models are outsourced.

RBL Bank has raised $350 million through its first international bond sale, pricing bonds tighter than initial guidance. Strong investor demand supports funding for GIFT City growth and liability management, while Emirates NBD's backing strengthens credit quality and investor confidence.

Vedanta Resources has secured an additional $400 million from a recent bond issuance. This new funding brings the company's total raised through these instruments to $2.15 billion. The company aims to replace existing debt with these new, lower-cost securities. These bonds will help reduce the company's overall borrowing expenses significantly. The refinancing effort also extends the maturity of Vedanta's outstanding debt.

Mumbai fintechs must treat user data as a fiduciary responsibility, not a business asset. RBI governor Sanjay Malhotra stressed trust is key for financial system adoption and endurance. Firms growing significantly must take systemic responsibility beyond their balance sheets. Operational resilience and cybersecurity are essential prices for achieving scale.

In a recent address at the Global Fintech Fest, RBI Governor Sanjay Malhotra emphasized the importance of treating consumer data as a fiduciary responsibility. He warned fintechs against viewing data merely as a business asset, stressing the need for trust and compliance as the industry grows.

RBI deputy governor Shirish Chandra Murmu highlighted extending digital payment success to credit and insurance. Technology must expand formal credit access for underserved borrowers, he stated. Algorithms should not replace human accountability for financial decisions made by lenders. Regulated entities remain responsible for services delivered under their names.

Vodafone Idea is arranging a significant loan to fund its capital expenditures. State Bank of India has approved a substantial portion of this ₹35,000-crore term loan. Other public and private sector banks are expected to join the lending consortium soon. The company needs ₹60,000 crore for service upgrades, with the balance from internal accruals. Kumar Mangalam Birla's continued chairmanship is a condition for this long-term financing.

Vodafone Idea is arranging a significant loan to fund its capital expenditures. State Bank of India has approved a substantial portion of this ₹35,000-crore term loan.