Effectively, the bank will not be required to set aside cash reserve ratio (CRR) and statutory reserve ratio on the infrastructure bonds. HDFC Bank absorbed HDFC Ltd s Rs 1 lakh crore infra bonds following the merger, effective July 2023.
States may not borrow as much as they wanted. But that may not be a problem. livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Total primary market subscriptions stood at Rs 4,040.03 crore as on March 4. Of the total, treasury bill subscritpions remained higher, at Rs 2687.02 crore.