Banks are competing to provide and arrange dollar funding tied to India’s overseas citizens, driving activity in India’s dollar bond and loan markets. Multiple reports say global banks with large dollar balance sheets are prioritizing opportunities to increase their exposure to India as demand for dollars rises. The demand is linked to Indian lenders seeking to expand leverage on foreign-currency deposits held by non-resident Indians and other overseas account holders. As Indian lenders race to increase their dollar funding capacity, they are looking for mechanisms such as dollar bonds and related loan arrangements that can supply the required foreign currency. People familiar with the matter describe a surge in dollar demand from Indian lenders, and they say global banks are moving quickly to capture the business. The reports characterize the competition as an effort by foreign lenders to place funds or facilitate issuance and lending that aligns with the growing diaspora-related deposit base. Overall, the coverage points to increased participation and momentum in dollar capital-market activity connected to diaspora inflows, without specifying deal sizes or particular issuers.