{"id":16857,"date":"2026-10-31T11:47:24","date_gmt":"2026-10-31T06:17:24","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=16857"},"modified":"2026-10-31T11:47:25","modified_gmt":"2026-10-31T06:17:25","slug":"indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/","title":{"rendered":"Indian Banks Delay Plans to Borrow in Dollars as Costs Rise"},"content":{"rendered":"<div class=\"gpi-custom-widget-box\" style=\"border-left-color: #0066cc; background-color: #f0f7ff;\">\n<div class=\"gpi-custom-widget-title\" style=\"color: #0066cc;\">\ud83d\udcdd Quick Summary:<\/div>\n<h2 class=\"gpi-custom-widget-h2-content\"><span class=\"ez-toc-section\" id=\"Indian_banks_are_pausing_plans_to_borrow_in_US_dollars_because_rising_global_interest_rates_a_weaker_rupee_and_costlier_currency_protection_have_made_dollar_loans_more_expensive_than_rupee_borrowing\"><\/span><strong>Indian banks are pausing plans to borrow in US dollars because rising global interest rates, a weaker rupee, and costlier currency protection have made dollar loans more expensive than rupee borrowing.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n\n\n<p>Several Indian banks have postponed plans to raise money by selling bonds in US dollars. The reason is simple: borrowing abroad has become more expensive because US interest rates, currency-hedging costs, and the weaker rupee have all moved against them. Canara Bank, Punjab National Bank, and Bank of India had considered raising as much as $2.5 billion together, while Karur Vysya Bank is waiting for better conditions.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#Indian_banks_are_pausing_plans_to_borrow_in_US_dollars_because_rising_global_interest_rates_a_weaker_rupee_and_costlier_currency_protection_have_made_dollar_loans_more_expensive_than_rupee_borrowing\" >Indian banks are pausing plans to borrow in US dollars because rising global interest rates, a weaker rupee, and costlier currency protection have made dollar loans more expensive than rupee borrowing.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#What_Is_a_Dollar_Bond\" >What Is a Dollar Bond?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#Why_Borrowing_Abroad_Became_Expensive\" >Why Borrowing Abroad Became Expensive<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#Dollar_Bonds_vs_Rupee_Borrowing\" >Dollar Bonds vs. Rupee Borrowing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#Which_Banks_Have_Postponed_Plans\" >Which Banks Have Postponed Plans?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#RBIs_Support_Window\" >RBI\u2019s Support Window<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#What_Happens_Next\" >What Happens Next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#Disclaimer\" >Disclaimer<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Is_a_Dollar_Bond\"><\/span><strong>What Is a Dollar Bond?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A dollar bond is a loan raised by selling bonds to investors, with repayments made in US dollars. Indian banks use this route to raise large amounts of money from overseas investors.<\/p>\n\n\n\n<p>But there is a catch: if the rupee weakens against the dollar, repaying the loan in dollars becomes costlier in rupee terms. Banks often buy currency protection (called hedging) to manage this risk. That protection now costs more.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Borrowing_Abroad_Became_Expensive\"><\/span><strong>Why Borrowing Abroad Became Expensive<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Over the past two months, the yield on 10-year US government bonds has risen by about 25 basis points to around 5%. In simple terms, investors now expect a higher return before they lend money.<\/p>\n\n\n\n<p>At the same time, the rupee has weakened by 0.8%, and hedging costs have increased. For government-owned banks, dollar borrowing is now estimated to cost 70-100 basis points more than borrowing in rupees for one year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dollar_Bonds_vs_Rupee_Borrowing\"><\/span><strong>Dollar Bonds vs. Rupee Borrowing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"pcrstb-wrap\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Factor<\/strong><\/td><td><strong>Dollar-bond borrowing<\/strong><\/td><td><strong>Rupee borrowing<\/strong><\/td><td><strong>What it means for banks<\/strong><\/td><\/tr><tr><td>Currency risk<\/td><td>Repayment in US dollars<\/td><td>Repayment in rupees<\/td><td>Dollar loans need costly hedging.<\/td><\/tr><tr><td>Current cost<\/td><td>About 70\u2013100 bps more expensive than one-year rupee funding<\/td><td>Cheaper for now<\/td><td>Banks can save by delaying dollar issuance.<\/td><\/tr><tr><td>Market sensitivity<\/td><td>Driven by US rates, rupee movement, and global sentiment<\/td><td>Driven mainly by domestic liquidity and policy rates<\/td><td>Dollar issuance is harder to time now.<\/td><\/tr><tr><td>Best use case<\/td><td>When global rates and hedging costs are favorable<\/td><td>When domestic funding is cheaper<\/td><td>Current conditions favor rupee borrowing.<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Which_Banks_Have_Postponed_Plans\"><\/span><strong>Which Banks Have Postponed Plans?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Several lenders had been exploring dollar-bond sales under the RBI\u2019s subsidized hedging facility but have held back as borrowing costs climbed.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Canara Bank: Withdrew from its planned dollar-bond sale after rates rose sharply.<\/li>\n\n\n\n<li>Punjab National Bank: Had begun discussions for a possible issuance but deferred it.<\/li>\n\n\n\n<li>Bank of India: Also paused its proposed dollar-debt sale amid unfavorable market conditions.<\/li>\n\n\n\n<li>Karur Vysya Bank: Considered a dollar issue but is waiting for better pricing before deciding.<\/li>\n<\/ul>\n\n\n\n<p>PNB and Bank of India did not respond to Reuters\u2019 request for comment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Latest Bond Updates:<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 has-dates wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/guide\/guaranteed-bonds-in-india\/\" aria-label=\"Guaranteed Bonds in India: How They Work, Key Risks, and What to Check\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31143422\/Guaranteed-Bonds-in-India-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Guaranteed Bonds in India\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31143422\/Guaranteed-Bonds-in-India-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31143422\/Guaranteed-Bonds-in-India-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31143422\/Guaranteed-Bonds-in-India-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31143422\/Guaranteed-Bonds-in-India-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31143422\/Guaranteed-Bonds-in-India.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/guide\/guaranteed-bonds-in-india\/\">Guaranteed Bonds in India: How They Work, Key Risks, and What to Check<\/a><time datetime=\"2026-10-31T14:35:39+05:30\" class=\"wp-block-latest-posts__post-date\">October 31, 2026<\/time><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/patna-municipal-bonds-200-crore-issue-and-bihars-market-debut\/\" aria-label=\"Patna Municipal Bonds: \u20b9200 Crore Raise Marks Bihar\u2019s Debut in India\u2019s Civic Debt Market\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31142355\/Patna-Municipal-Bonds-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Patna Municipal Bonds\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31142355\/Patna-Municipal-Bonds-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31142355\/Patna-Municipal-Bonds-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31142355\/Patna-Municipal-Bonds-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31142355\/Patna-Municipal-Bonds-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31142355\/Patna-Municipal-Bonds.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/patna-municipal-bonds-200-crore-issue-and-bihars-market-debut\/\">Patna Municipal Bonds: \u20b9200 Crore Raise Marks Bihar\u2019s Debut in India\u2019s Civic Debt Market<\/a><time datetime=\"2026-10-31T14:24:54+05:30\" class=\"wp-block-latest-posts__post-date\">October 31, 2026<\/time><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/foreign-holdings-of-indias-index-linked-bonds-hit-4-month-low\/\" aria-label=\"Foreign Holdings of India\u2019s Index-Linked Bonds Hit 4-Month Low as Oil and Rate Fears Mount\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31131407\/Foreign-Holdings-of-Indias-Index-Linked-Bonds-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Foreign Holdings of India\u2019s Index-Linked Bonds\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31131407\/Foreign-Holdings-of-Indias-Index-Linked-Bonds-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31131407\/Foreign-Holdings-of-Indias-Index-Linked-Bonds-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31131407\/Foreign-Holdings-of-Indias-Index-Linked-Bonds-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31131407\/Foreign-Holdings-of-Indias-Index-Linked-Bonds-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31131407\/Foreign-Holdings-of-Indias-Index-Linked-Bonds.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/foreign-holdings-of-indias-index-linked-bonds-hit-4-month-low\/\">Foreign Holdings of India\u2019s Index-Linked Bonds Hit 4-Month Low as Oil and Rate Fears Mount<\/a><time datetime=\"2026-10-31T13:10:45+05:30\" class=\"wp-block-latest-posts__post-date\">October 31, 2026<\/time><\/li>\n<\/ul>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RBIs_Support_Window\"><\/span><strong>RBI\u2019s Support Window<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Reserve Bank of India has allowed banks and state-run companies to raise money overseas and use a subsidized hedging facility from June to December. This facility helps reduce the cost of protecting against currency swings.<\/p>\n\n\n\n<p>Indian banks have already raised about $13 billion through dollar bonds under this scheme. Five government-owned banks account for $3.5 billion of that amount.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Happens_Next\"><\/span><strong>What Happens Next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Banks may return to the dollar-bond market if US interest rates fall, the rupee stabilizes, or hedging becomes cheaper. Credit research firm CreditSights expects some lenders to come back before the RBI facility ends in December.<\/p>\n\n\n\n<p>For now, the banks are choosing to wait. Rather than pay a high price for overseas money, they can borrow more cheaply in rupees at home.<\/p>\n\n\n<div class=\"gpi-custom-widget-box\" style=\"border-left-color: #0066cc; background-color: #f0f7ff;\">\n<div class=\"gpi-custom-widget-title\" style=\"color: #0066cc;\">Ready to Invest?<\/div>\n<div class=\"gpi-custom-widget-content\">\n<p>Visit <a href=\"https:\/\/goldenpi.com\/\">GoldenPi<\/a> to explore current bond options. Compare yields, ratings, and tenures in one place and invest online with as little as \u20b930,000.<\/p>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Disclaimer\"><\/span>Disclaimer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Fixed returns do not constitute guaranteed or assured returns. Investments in corporate debt securities and municipal debt securities\/securitized debt instruments are subject to credit risks, market risks, and default risks, including delay and\/or default in payment. Read all the offer-related documents carefully. This blog\/article should not be construed as financial advice or as an offer or recommendation to buy or sell any security or any products\/services of\/on GoldenPi or any product\/services of its third-party client(s). For a detailed calculation of YTM, visit our website.&nbsp;<a href=\"https:\/\/delivery.goldenpi.com\/XPRBSN?id=162365=ch0GCFVXBVBUH1QDUlZXUlgBVgNSUwJVWgQGDFJQAVsEUwRfBldSBFVUAglRBFJSAA0ZBgxfQFBbERxBFSNTV10FU1cTDBgFDg5OAFIKVVFQBlZTVwQBBgFSAg0aC0BMQRIMFkwBUwoIFVdDHBwCCw1QAAsTWBpSVwgebDYxdmt\/Xl9dHxMF&amp;fl=WRVCSRBfGUkETltfVwNLAxVbCQwNWhpYVkpFGwMOBRcEWQMNUEoHSQJaV1BQAQQHTAZXA1IcAAMOBBxWB1IMFQUEVQxXXAEFBVQEUkpTVlMCUFEHU1JVAwhUAFECAQZaVFEADVAAVQBXVFRUUw==\" target=\"_blank\" rel=\"noreferrer noopener\">T&amp;C\u2019s Apply<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udcdd Quick Summary: Indian banks are pausing plans to borrow in US dollars because rising global interest rates, a weaker rupee, and&hellip;<\/p>\n","protected":false},"author":17,"featured_media":16859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[25],"tags":[],"class_list":["post-16857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bond-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Indian Banks Delay Dollar Bond Borrowing as Funding Costs Rise<\/title>\n<meta name=\"description\" content=\"Indian banks delay plans to raise funds through dollar bonds as borrowing costs increase. Understand how rising global yields, currency risks and funding expenses affect overseas borrowing and India\u2019s bond market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian Banks Delay Dollar Bond Borrowing as Funding Costs Rise\" \/>\n<meta property=\"og:description\" content=\"Indian banks delay plans to raise funds through dollar bonds as borrowing costs increase. Understand how rising global yields, currency risks and funding expenses affect overseas borrowing and India\u2019s bond market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"GoldenPi | Blogs\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/goldenpitech\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-31T06:17:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-31T06:17:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31114656\/Indian-Banks-Delay-Plans-to-Borrow-in-Dollars-as-Costs-Rise.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Deepak Narang | CFA Level 3\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@GoldenPiTech\" \/>\n<meta name=\"twitter:site\" content=\"@GoldenPiTech\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Deepak Narang | CFA Level 3\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/bond-news\\\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/bond-news\\\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\\\/\"},\"author\":{\"name\":\"Deepak Narang | CFA Level 3\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#\\\/schema\\\/person\\\/9781cfb40abd7777b2fcbbbd5b6ac0ba\"},\"headline\":\"Indian Banks Delay Plans to Borrow in Dollars as Costs Rise\",\"datePublished\":\"2026-10-31T06:17:24+00:00\",\"dateModified\":\"2026-10-31T06:17:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/bond-news\\\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\\\/\"},\"wordCount\":700,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/bond-news\\\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/31114656\\\/Indian-Banks-Delay-Plans-to-Borrow-in-Dollars-as-Costs-Rise.jpg\",\"articleSection\":[\"Bond News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/goldenpi.com\\\/blog\\\/bond-news\\\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/bond-news\\\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\\\/\",\"url\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/bond-news\\\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\\\/\",\"name\":\"Indian Banks Delay Dollar Bond Borrowing as Funding Costs Rise\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/bond-news\\\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/bond-news\\\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/31114656\\\/Indian-Banks-Delay-Plans-to-Borrow-in-Dollars-as-Costs-Rise.jpg\",\"datePublished\":\"2026-10-31T06:17:24+00:00\",\"dateModified\":\"2026-10-31T06:17:25+00:00\",\"description\":\"Indian banks delay plans to raise funds through dollar bonds as borrowing costs increase. Understand how rising global yields, currency risks and funding expenses affect overseas borrowing and India\u2019s bond market.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/bond-news\\\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/goldenpi.com\\\/blog\\\/bond-news\\\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/bond-news\\\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\\\/#primaryimage\",\"url\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/31114656\\\/Indian-Banks-Delay-Plans-to-Borrow-in-Dollars-as-Costs-Rise.jpg\",\"contentUrl\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/31114656\\\/Indian-Banks-Delay-Plans-to-Borrow-in-Dollars-as-Costs-Rise.jpg\",\"width\":1600,\"height\":900,\"caption\":\"Indian Banks Delay Plans to Borrow in Dollars as Costs Rise\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/bond-news\\\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Indian Banks Delay Plans to Borrow in Dollars as Costs Rise\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/\",\"name\":\"GoldenPi | Blogs\",\"description\":\"All about bonds online in India\",\"publisher\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#organization\",\"name\":\"GoldenPi Technology Pvt Ltd\",\"url\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/08120536\\\/Logo-01-scaled.png\",\"contentUrl\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/08120536\\\/Logo-01-scaled.png\",\"width\":2560,\"height\":750,\"caption\":\"GoldenPi Technology Pvt Ltd\"},\"image\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/goldenpitech\",\"https:\\\/\\\/x.com\\\/GoldenPiTech\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/goldenpi\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#\\\/schema\\\/person\\\/9781cfb40abd7777b2fcbbbd5b6ac0ba\",\"name\":\"Deepak Narang | CFA Level 3\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8b01d4abf2015896c5b35dc4dc883cfc177884bb57ffa342b832705a103d59c1?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8b01d4abf2015896c5b35dc4dc883cfc177884bb57ffa342b832705a103d59c1?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8b01d4abf2015896c5b35dc4dc883cfc177884bb57ffa342b832705a103d59c1?s=96&d=blank&r=g\",\"caption\":\"Deepak Narang | CFA Level 3\"},\"description\":\"Deepak Narang is a high-impact credit professional and investment analyst with over 9 years of expertise across the global financial landscape. Having cleared CFA Level 3, Deepak specializes in identifying risk profiles and investment potential of diverse sectors, ranging from large-scale manufacturing and traditional financial institutions to the high-growth world of new-age startups.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/deepak-narang-a119a08a\\\/\"],\"url\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/author\\\/deepak-narang\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Indian Banks Delay Dollar Bond Borrowing as Funding Costs Rise","description":"Indian banks delay plans to raise funds through dollar bonds as borrowing costs increase. Understand how rising global yields, currency risks and funding expenses affect overseas borrowing and India\u2019s bond market.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/","og_locale":"en_US","og_type":"article","og_title":"Indian Banks Delay Dollar Bond Borrowing as Funding Costs Rise","og_description":"Indian banks delay plans to raise funds through dollar bonds as borrowing costs increase. Understand how rising global yields, currency risks and funding expenses affect overseas borrowing and India\u2019s bond market.","og_url":"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/","og_site_name":"GoldenPi | Blogs","article_publisher":"https:\/\/www.facebook.com\/goldenpitech","article_published_time":"2026-10-31T06:17:24+00:00","article_modified_time":"2026-10-31T06:17:25+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31114656\/Indian-Banks-Delay-Plans-to-Borrow-in-Dollars-as-Costs-Rise.jpg","type":"image\/jpeg"}],"author":"Deepak Narang | CFA Level 3","twitter_card":"summary_large_image","twitter_creator":"@GoldenPiTech","twitter_site":"@GoldenPiTech","twitter_misc":{"Written by":"Deepak Narang | CFA Level 3","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#article","isPartOf":{"@id":"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/"},"author":{"name":"Deepak Narang | CFA Level 3","@id":"https:\/\/goldenpi.com\/blog\/#\/schema\/person\/9781cfb40abd7777b2fcbbbd5b6ac0ba"},"headline":"Indian Banks Delay Plans to Borrow in Dollars as Costs Rise","datePublished":"2026-10-31T06:17:24+00:00","dateModified":"2026-10-31T06:17:25+00:00","mainEntityOfPage":{"@id":"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/"},"wordCount":700,"commentCount":0,"publisher":{"@id":"https:\/\/goldenpi.com\/blog\/#organization"},"image":{"@id":"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#primaryimage"},"thumbnailUrl":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31114656\/Indian-Banks-Delay-Plans-to-Borrow-in-Dollars-as-Costs-Rise.jpg","articleSection":["Bond News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/","url":"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/","name":"Indian Banks Delay Dollar Bond Borrowing as Funding Costs Rise","isPartOf":{"@id":"https:\/\/goldenpi.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#primaryimage"},"image":{"@id":"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#primaryimage"},"thumbnailUrl":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31114656\/Indian-Banks-Delay-Plans-to-Borrow-in-Dollars-as-Costs-Rise.jpg","datePublished":"2026-10-31T06:17:24+00:00","dateModified":"2026-10-31T06:17:25+00:00","description":"Indian banks delay plans to raise funds through dollar bonds as borrowing costs increase. Understand how rising global yields, currency risks and funding expenses affect overseas borrowing and India\u2019s bond market.","breadcrumb":{"@id":"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#primaryimage","url":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31114656\/Indian-Banks-Delay-Plans-to-Borrow-in-Dollars-as-Costs-Rise.jpg","contentUrl":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/31114656\/Indian-Banks-Delay-Plans-to-Borrow-in-Dollars-as-Costs-Rise.jpg","width":1600,"height":900,"caption":"Indian Banks Delay Plans to Borrow in Dollars as Costs Rise"},{"@type":"BreadcrumbList","@id":"https:\/\/goldenpi.com\/blog\/bond-news\/indian-banks-delay-plans-to-borrow-in-dollars-as-costs-rise\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/goldenpi.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Indian Banks Delay Plans to Borrow in Dollars as Costs Rise"}]},{"@type":"WebSite","@id":"https:\/\/goldenpi.com\/blog\/#website","url":"https:\/\/goldenpi.com\/blog\/","name":"GoldenPi | Blogs","description":"All about bonds online in India","publisher":{"@id":"https:\/\/goldenpi.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/goldenpi.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/goldenpi.com\/blog\/#organization","name":"GoldenPi Technology Pvt Ltd","url":"https:\/\/goldenpi.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/goldenpi.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08120536\/Logo-01-scaled.png","contentUrl":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08120536\/Logo-01-scaled.png","width":2560,"height":750,"caption":"GoldenPi Technology Pvt Ltd"},"image":{"@id":"https:\/\/goldenpi.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/goldenpitech","https:\/\/x.com\/GoldenPiTech","https:\/\/www.linkedin.com\/company\/goldenpi\/"]},{"@type":"Person","@id":"https:\/\/goldenpi.com\/blog\/#\/schema\/person\/9781cfb40abd7777b2fcbbbd5b6ac0ba","name":"Deepak Narang | CFA Level 3","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/8b01d4abf2015896c5b35dc4dc883cfc177884bb57ffa342b832705a103d59c1?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8b01d4abf2015896c5b35dc4dc883cfc177884bb57ffa342b832705a103d59c1?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8b01d4abf2015896c5b35dc4dc883cfc177884bb57ffa342b832705a103d59c1?s=96&d=blank&r=g","caption":"Deepak Narang | CFA Level 3"},"description":"Deepak Narang is a high-impact credit professional and investment analyst with over 9 years of expertise across the global financial landscape. Having cleared CFA Level 3, Deepak specializes in identifying risk profiles and investment potential of diverse sectors, ranging from large-scale manufacturing and traditional financial institutions to the high-growth world of new-age startups.","sameAs":["https:\/\/www.linkedin.com\/in\/deepak-narang-a119a08a\/"],"url":"https:\/\/goldenpi.com\/blog\/author\/deepak-narang\/"}]}},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts\/16857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/comments?post=16857"}],"version-history":[{"count":1,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts\/16857\/revisions"}],"predecessor-version":[{"id":16858,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts\/16857\/revisions\/16858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/media\/16859"}],"wp:attachment":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/media?parent=16857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/categories?post=16857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/tags?post=16857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}