SBI is tapping the international markets second time this financial year. While $750 million is underwritten by global banks, an additional $250 million is made available through a green shoe option arranged by global banks including HSBC and JP Morgan.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,