Indian banks may raise more funds to meet credit needs, lock rates

"We can see more banks issuing Basel III-compliant as well as infrastructure bonds, with funds getting easily absorbed over the next quarter," he said. According to market participants, bond issuances by banks could touch around 500 billion Indian rupees ($6.21 billion) this financial year, with a bulk of the issues likely in the next quarter. State-run banks have already raised 281 billion rupees through a combination of Basel III-compliant additional Tier

Indian banks may raise more funds to meet credit needs, lock rates
"We can see more banks issuing Basel III-compliant as well as infrastructure bonds, with funds getting easily absorbed over the next quarter," he said. According to market participants, bond issuances by banks could touch around 500 billion Indian rupees ($6.21 billion) this financial year, with a bulk of the issues likely in the next quarter. State-run banks have already raised 281 billion rupees through a combination of Basel III-compliant additional Tier