Overseas loan business of 6 Indian banks up 7-33% in FY22, shows data

The overseas loan book of six Indian banks rose between 7 and 33 per cent in FY22, primarily on an upturn in trade, which pushed the demand for trade finance.

However, external commercial borrowings — loans raised by Indian companies abroad — were muted. This is because they tapped domestic sources due to cheap money available back home amid abundant liquidity.  

Bank officials said India-centric business had predominant share — funding exports and imports as well as terms loans. Along with this, lenders are also financing high-rated companies in local markets. However, the size of loan and share in local