AT1 papers come with a five-year call option. Accordingly, the difference with the five-year government bonds came around 59 basis points annualised. The matrix was as much as 159 basis points last time in December, 2021 when SBI had sold perpetual papers yielding 7.55%.
Stay the course, no need for tactical portfolio shift: Vikas Khemani
Vikas Khemani from Carnelian Asset Management suggests a portfolio focused on India’s long-term potential. Banking, financial services, and manufacturing are key sectors. Consumption, both discretionary
June 13, 2025