State Bank of India and Bank of Baroda are stepping into uncharted territory as the inaugural users of the Reserve Bank of India's fresh subsidised hedging mechanism. Their target? A substantial one billion dollars through a series of five-year dollar bonds, a strategy aimed at slashing overseas borrowing expenses.

Short-term Indian government bond yields have dropped to their lowest in three months. This move steepens the yield curve significantly. Expectations are high that banks will…

Indian companies are actively raising short-term debt. This surge follows central bank actions that significantly reduced borrowing costs. Non-banking financial firms are leading…

State Bank of India and Bank of Baroda are stepping into uncharted territory as the inaugural users of the Reserve Bank of India's fresh subsidised hedging mechanism. Their…

SBI and Bank of Baroda plan to issue $1 billion in dollar bonds, utilizing RBI's new subsidized hedging facility.