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ICICI Bank's planned $500 million overseas dollar bond issue makes it which commercial bank to use RBI's concessional swap window?

Q: Answer-ICICI Bank's planned $500 million overseas dollar bond issue makes it which commercial bank to use R...

ICICI Bank will become the fourth commercial bank to use RBIs concessional swap window for overseas foreign currency borrowing, following HDFC Bank, Axis Bank and SBI. The RBI swap is fixed at 1.5 per annum for a minimum 3-year maturity.

A Second

B Third

C Fourth

D Fifth

E First

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ICICI Bank's planned $500 million overseas dollar bond issue makes it which commercial bank to use RBI's concessional swap window?

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