The decision by State Bank of India, the country s top lender, to accept slightly higher-than-expected yields at its Tier-II bond sale on Wednesday is likely to push up the cost of borrowing for.
With the sale of 100 billion rupees ($1.2 billion) of a 50-year bond on Friday, Asia s third-largest economy will join a handful of countries that actively issue such papers, as per LSEG data.
Canara Bank, Bank of India and IDFC First Bank are among the lenders looking to issue Tier-II bonds in the coming weeks on expectations that interest rates will remain elevated in the near term, merchant bankers said.
Bhubaneswar : Star Health and Allied Insurance, India’s leading standalone health insurer, announced its exceptional claim settlement performance in Bhubaneswar over the past 15 months, i.e., between April 22 - June 23. The company has settled Rs.103