Bajaj Finance, Chola Invest and HDB raising $1.3 bn in overseas loans

Three of India's top non-banking finance companies, including Bajaj Finance, have raised $1.3 billion through overseas bank loans to diversify funding amid tighter RBI regulations. Bajaj Finance, Cholamandalam Investment and Finance Co, and HDB Financial Services secured loans priced at 135 basis points over the three-month SOFR.