Indian banks raise Rs. 9 bn via CDs
By Vaibhav Aggarwal
Dec 4, 2009
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Indian banks on Wednesday raised capital worth Rs. 9 bn through certificates of deposits (CDs).

Vijaya bank raised 5 billion rupees by selling one-year notes yielding 5.81 percent.

State bank of Patiala raised capital worth Rs. 2.5 billion from 5.46 percent notes maturing Oct 15, 2010.

State Bank of Travancore (SBT) sold 1.5 billion rupees of 5.47 percent notes maturing October 29, 2010.

United Bank of India was the only issuer of CDs on Tuesday. It raised 3 billion rupees via the instrument.

Total CD issuance in November amounted to 131.95 billion rupees compared to 107.25 billion rupees the preceding week, and secondary volumes were 89.1 billion rupees as against 96.6 billion rupees.


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