Brokerages such as Bernstein, BNP Paribas, CLSA, and Macquarie maintained their ratings and target price, while HSBC and Investec have raised the target price by 1-2%.
Banks ride RBI swap wave to raise $12 billion via overseas debt
This week was the busiest for forex debt issuance by Indian lenders. ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank and Bank of