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Indian banks slash short-term debt sales on cheaper forex funding
Indian banks are significantly reducing their reliance on short-term debt sales, known as certificates of deposit (CDs). This shift is driven by the Reserve Bank of India's initiative to attract foreign-currency deposits, offering a cheaper and more stable funding alternative. Lenders anticipate this trend to continue, impacting CD rates and strengthening their balance sheets with more durable capital.
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economictimes.indiatimes.com
Indian banks slash short-term debt sales on cheaper forex funding
Indian banks are significantly reducing their reliance on short-term debt sales, known as certificates of deposit (CDs). This shift is driven by the Reserve Bank of India's…
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thehindubusinessline.com
Banks slash short-term debt sales on cheaper forex funding
Bank executives expect the slowdown to persist until September following the Reserve Bank of India’s decision in June to absorb hedging costs incurred by lenders that raise…