SBI raises ₹10,000 crore via bonds; stock rises over 1%
The issue was oversubscribed almost 4 times with bids of ₹15,907 crore against the base issue size of ₹4,000 crore, said SBI.
The issue was oversubscribed almost 4 times with bids of ₹15,907 crore against the base issue size of ₹4,000 crore, said SBI.
Writing off AT1 bonds of Credit Suisse in Europe and Yes Bank in India pose a threat to this post-2007-08 global financial instrument meant to soar up capital and absorb financial shocks.
The RBI's guidelines will apply to all commercial banks, excluding local area banks, payments banks, regional rural banks and small finance banks.
A recent rating agency report read with Reserve Bank of India deputy governor Viral Acharya’s latest speech paints a gloomy picture for Indian state-owned banks. There are few options but to merge some good ones with the bad.
Public Sector banks are in trouble. They need to raise Rs 4.6 lakh crore to become Basel III compliant by March 2019. And the coffers are almost empty.