Reliance Industries Borrows $2.98 Billion From 55 Banks — All You Need to Know

Reliance Industries Chairman Mukesh Ambani has secured a loan of $2.98 billion, Bloomberg reported.

About 55 banks have signed the loan agreement, making it the largest group of lenders for a syndicated loan in Asia this year so far.

As per Bloomberg, loan amounts in the Asia Pacific region (excluding Japan) fell to a 20-year-low in 2025. Finalised deals in major currencies (US dollars, euros, and Japanese yen) only stood at about $29 billion. Notably, latest developments show the lender’s appetite for high-quality investment opportunities in the Asian market.

Following this deal, loan amount for this year is set to reach $10.4 billion, the fastest rate in at least ten years, Bloomberg data said.

Bloomberg highlighted Reliance Industries’ loan is divided in two parts, which comes at $2.5 billion and ¥67.7 billion (equivalent to $463 million). These loans were signed on May 9.

Reliance Industries has not borrowed from the overseas market since 2023. In that year, RIL took loans worth $8 billion, which included a $5 billion syndicated deal.