“Bidding for the debt sale is likely on January 17th. It will be an AT-1 issuance with a call option after 10 years and every year thereafter,” a source aware of the development said.
RBI to drain Rs 1 lakh crore as VRRR auctions fail to absorb liquidity
The Reserve Bank of India will drain Rs 1 lakh crore through bond sales this month after VRRR auctions failed to absorb excess liquidity. The