Axis Bank and Kotak Bank likely to raise Rs 4,500 cr via infra bonds

With the incremental credit-deposit ratio running close to 80%, banks believe it makes sense to raise long-term funds rather than chasing deposits that are getting repriced every month, with the Reserve Bank of India increasing its policy rate to tame inflation.

Axis Bank and Kotak Bank likely to raise Rs 4,500 cr via infra bonds
With the incremental credit-deposit ratio running close to 80%, banks believe it makes sense to raise long-term funds rather than chasing deposits that are getting repriced every month, with the Reserve Bank of India increasing its policy rate to tame inflation.