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The foreign currency debt market, which has been cold for a long time, can now see action. The country's largest public sector bank, State Bank of India, has raised the largest dollar syndicate loan for the year 2025. The foreign currency loans taken by Indian companies in 2025 so far have seen a 30 percent decline compared to last year. And it has come down to a 4-year low. However, now the situation is changing and along with SBI, there is hope of seeing more new deals in the foreign currency debt market.
According to a Bloomberg report, State Bank has raised $1 billion. This loan has been taken for the next 5 years. According to sources, SBI had a "greenshoe option" to increase this facility to $250 million, but the bank did not take advantage of it. According to the report, SBI declined to comment when asked about this.
According to Bloomberg data, foreign currency loans taken by Indian companies have declined by 30 percent so far this year as compared to last year. So far in 2025, $3.2 billion has been raised through foreign currency loans. However, in the same period last year in 2024, this figure was $4.6 billion. The loan raised so far in 2025 is the lowest level in the last four years. However, now market watchers believe that this situation may change soon. Reliance Industries Limited is currently in the process of raising a loan of up to $3 billion. At the same time, the country's NBFCs are also moving rapidly towards taking loans in dollars due to strict domestic rules. The country's largest truck finance company, Shriram Finance Limited, is currently borrowing up to $250 million from banks for three years. The company is in talks to raise a loan of ₹2 billion.
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