Indian banks raise Rs. 9 bn via CDs
By Vaibhav Aggarwal
Dec 4, 2009
Print    Email    RSS   

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.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

12 point conduct checklist for bank and...
What to look for while taking a personal loan
An Insight into Lending Rate Changes
Personal loan: Lender of the last resort
Some admissible deductions under Income...

HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive