SBI, other PSU Banks hit Bond Street to raise Rs 20,000 cr by month-end

SBI, other PSU Banks hit Bond Street to raise Rs 20,000 cr by month-end

Several state-owned banks, including the country’s largest lender, State Bank of India (SBI), are likely to tap debt markets and raise close to ₹20,000 crore by the end of the month, as lenders step up fundraising activities amid faster credit growth than deposit growth. SBI is likely to raise ₹5,000 crore-10,000 crore through the issuance … Read more

LVB bondholders: A HC ruling raises hopes of recovery for LVB bondholders

LVB bondholders: A HC ruling raises hopes of recovery for LVB bondholders

In a landmark order, the Madras High Court directed the Reserve Bank of India (RBI) to conduct a fresh valuation exercise based on which the regulator should reconsider its decision to write off the tier-2 bonds of Lakshmi Vilas Bank (LVB), which was merged with DBS Bank India in 2020. The order has given LVB’s … Read more