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'By second quarter, rates should start coming down': J P dua
Kolkata-based Allahabad bank recently deferred its $500-million medium-term note (MTN) programme, owing to the economic slowdown. However, the bank is hopeful of a healthy 18 per cent credit growth and expects Rs 1,000-crore capital infusion by the government soon. Chairman and managing director J P Dua, in an interview with Namrata Acharya, outlines the challenges and opportunities for the banking
Kolkata-based Allahabad bank recently deferred its $500-million medium-term note (MTN) programme, owing to the economic slowdown. However, the bank is hopeful of a healthy 18 per cent credit growth and expects Rs 1,000-crore capital infusion by the government soon. Chairman and managing director J P Dua, in an interview with Namrata Acharya, outlines the challenges and opportunities for the banking
IDBI Bank plans to raise $200 mn from Swiss market
Public sector lender IDBI Bank plans to raise around $200 million from the Switzerland market under its medium-term foreign debt raising programme. "We have a close eye on the Swiss market. Recently,
Public sector lender IDBI Bank plans to raise around $200 million from the Switzerland market under its medium-term foreign debt raising programme. "We have a close eye on the Swiss market. Recently,
Borrowing abroad to turn costlier for SBI
Following its financial rating downgrade by Moody's, raising funds will turn costlier for State Bank of India (SBI), in an already expensive overseas market. The bank's debt rating, however,
Union Bank may wait for its overseas bond issue
Union Bank of India, which recently concluded road shows for its medium-term notes (MTN) programme, is likely to wait till the spreads come within an "acceptable range".
Union Bank of India, which recently concluded road shows for its medium-term notes (MTN) programme, is likely to wait till the spreads come within an "acceptable range".
Axis Bank raises $350 m via MTN
Axis Bank has raised $350 million from the global financial market by issuing five-and-a-half-year bonds under its medium-term note programme. Axis Bank to issue foreign currency bonds Axis is the
Axis Bank has raised $350 million from the global financial market by issuing five-and-a-half-year bonds under its medium-term note programme. Axis Bank to issue foreign currency bonds Axis is the
IDBI Bank plans $1.5-bn MTN issue
IDBI Bank today said it has filed for $1.5 billion (6.82 lakh crore) through a medium-term note (MTN) programme, but would raise $230-300 million (Rs 1,680 crore) now depending on market conditions.
IDBI Bank today said it has filed for $1.5 billion (6.82 lakh crore) through a medium-term note (MTN) programme, but would raise $230-300 million (Rs 1,680 crore) now depending on market conditions.
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