The portion reserved for qualified institutional buyers was subscribed 142.41 times, while the non-institutional or high-net-worth investors’ segment was subscribed 35.47 times. The retail portion was subscribed 5.7 times.
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,