India Business News: HDFC Bank had priced its $1-billion additional tier-1 (AT-1) bonds at 3.7%, which is 42.5 basis points (100bps = 1 percentage point) lower than the in
Private sector lender HDFC Bank on Wednesday fixed the coupon rate of its USD 1 billion additional tier- I (AT-1) bonds at 3.70 per cent per annum. The notes will be listed on the India International Exchange (IFSC) Limited, HDFC Bank said in a regulatory filing.
India Business News: MUMBAI: General Insurance Corporation (GIC Re) has said that it has had to shut down its Dubai office as its licence was not renewed by the Dubai auth.
The share of the Indian rupee in the global NDF turnover has also increased significantly to 19.4% in 2019 from 12.6% in 2016. It was 14.4% in 2013. “The rise in offshore trading can disrupt the price discovery process of exchange rates in the onshore market,” the research paper said.
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