Indian banks raise 26.95 bln rupees via CDs
MUMBAI, Nov 17 (Reuters) - Indian banks on Tuesday raised 26.95 billion rupees via Certificates of Deposit, Thomson Reuters data showed.
HDFC Bank (HDBK.BO: Quote, Profile, Research) raised 21.95 billion rupees in two tranches. It sold 16.95 billion rupees of three-month notes yielding 3.50 percent and 5 billion rupees of 5.28 percent one-year notes.
IDBI Bank (IDBI.BO: Quote, Profile, Research) sold 2 billion rupees of 5.40 percent one-year notes.
State Bank of Hyderabad sold 2 billion rupees of 5 percent notes maturing Aug. 20, 2010.
Axis Bank (AXBK.BO: Quote, Profile, Research) sold 1 billion rupees of 5.46 percent one-year notes.
The yield on the Reuters benchmark 3-month CD <0#INCDBMK=> was unchanged at Monday's 3.50 percent, and secondary volumes rose to 6.1 billion rupees from 2.75 billion rupees the previous session.
Indian banks had issued 12.5 billion rupees of CDs on Monday. (Reporting by Jeanette Rodrigues; Editing by Sunil Nair)
© Thomson Reuters 2010 All rights reserved
Economy seen growing at 7.2 pct in FY10 - govt
The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget. Full Article
Greek crisis sets euro zone enlargement back
The Greek debt crisis has dealt a setback to prospects of enlarging the euro zone by highlighting the difficulties of managing the single currency area. Full Article
India
US
UK
