State-owned Bank of India raised ₹5,000 crore through 10-year bonds at 7.54% interest, with a base size of ₹2,000 crore and a greenshoe option of ₹3,000 crore. It informed exchanges of 127 bids worth ₹15,318 crore. Funds support long-term infrastructure and affordable housing per RBI guidelines, exempt from cash and Statutory Liquidity Ratios for better interest cost management.
RIL vs Airtel: Hemang Jani explains how to approach both
Elon Musk’s SpaceX plans to enter India’s telecom sector with Starlink, intensifying competition between Bharti Airtel and Reliance. Market expert Hemang Jani suggests Reliance offers