AT1 issuances are likely to cross Rs 20,000 crore mark as banks rush to tap capital markets
'The retail deposit mobilisation is our focus right now. We'd like to grow the retail base - all our branches are working towards it'
RBI's defence of the rupee cited as reason
HNI, insurance demand, better bank performance driving interest in instrument
Deputy Governor says guidelines issued on August 10 aim to curb exploitation of regulatory arbitrage
Hope of global index inclusion drags down bond yields, FPI flows bolster rupee
The bank had notified an amount of Rs 7,000 crore to be raised through a single tranche of AT-1 bonds in order to augment capital.
Private lender's portfolio of rural loans was at Rs 58,800 cr at the end of the first quarter this financial year
Canara Bank plans Rs 1,500-2,000 cr AT1 sale; Axis Bank, too, mulls fundraise
The bonds will have a call option from the fifth year onwards and are rated AA+ by CRISIL, CARE and India Ratings, sources said
He expects inflation to fall within tolerance band by January-March
Referring to the RBI's foreign exchange reserves as the "solid backbone" of the economy, Das said they provided the firepower to maintain stability in the rupee despite global headwinds
Rupee logs first weekly gain in four, outperforms all EM currencies
According to the latest Reserve Bank of India (RBI) data, loans to micro, small, medium, and large industries rose to Rs 31.82 trillion as of July end, up 10.5 per cent year-on-year (YoY).
RBI interventions ward off bets against rupee; reserves seen comfortable for 2-3 years
Four PSU banks have raised Rs 7,800 crore AT-1 bonds so far in FY23 as credit demand booms
Bond yields fall as HDFC's Rs 10,000 crore debt sale plan propels custodian flows
Hike rates after credit growth expands 15.3%
Central bank may have sold dollars heavily around the 80.05 mark to shield domestic unit
RBI interventions to determine rupee's course amid surging dollar