The five-year rupee-denominated green loan facility will help the company lower funding costs as the proceeds will primarily be used to prepay an existing offshore loan before its scheduled repayment date. The onshore loan, according to a local banker, could be priced at a spread of 200-250 basis points over three-month Treasury Bills, which yielded 6.45% in the Reserve Bank of India’s latest primary auction.
Bandhan Bank Q2 profit jumps 5.6 times as asset quality improves
Bandhan Bank reported a five-fold rise in Q2 profit to Rs 622 crore, supported by lower provisions and improving asset quality. Net interest income grew