SBI to raise up to $2 bn via overseas bonds

"The executive committee of the Central Board.. has approved long term fund-raising in single/multiple tranches up to USD 2 billion," State Bank of India (SBI) said in a regulatory filing. Country's largest lender State Bank of India plans to raise up to USD 2 billion (over Rs 12,600 crore) by issuing bonds in US dollar or other convertible currency. "The executive committee […]

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Your bank deposits could soon earn higher returns

Deposit rates are poised to rise in the next few months as banks may have to scramble for funds, with the rising demand for loans already prompting local lenders to sell excess government bonds they own.  Major banking sector indicators are pointing toward pressure on deposits as loans pick up. Bank loans rose 10.7 per cent to Rs 81 lakh […]

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