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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Most banks set to follow SBI down rate cut path

Most big lenders such as ICICI Bank, Axis Bank and HDFC Bank may follow State Bank of India in cutting rates for borrowers as competition intensifies among the country's biggest lenders. The asset-liability committees of many of the banks are likely to meet in the next few days to consider apossible reduction in rates, said three people familiar with the matter.  While lower rates may benefit existing customers in […]

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