Bankers have sought clarity from the Finance Ministry regarding taxation of additional tier-I bonds through which they are expected to raise capital to meet Basel III norms.
Clarity on taxation
State-owned term lender IFCI plans to raise Rs 2 000 crore from bonds during the current fiscal to fund business expansion.
"We have taken board approval for a public issue
State-owned Bank of India (BoI) has raised Rs 2 500 crore from Tier I bonds to fund its business expansion plans.
Funds have been raised through Basel III compliant Tier-1
Indian companies mopped up over Rs 9,000 crore through private placement of corporate debt securities or bonds in May, the lowest in nine months.
In debt private placements, firms issue
Government bonds rallied on Tuesday after the central bank toned down its rhetoric on inflation and hinted it would not raise interest rates further as long as inflationary pressures continued
Corporate bonds and government securities seem to finding favours with cash-rich top business house Reliance Industries Ltd (RIL), whose investment portfolio happens to be one of the biggest among all
Trading in corporate bonds at the country's capital markets plunged 32. 3 per cent at Rs 75 040 crore in the first month of the current fiscal over the same
The International Finance Corporation (IFC) on Friday successfully issued seven-year bonds totalling Rs 12 billion (about $194 million), bringing the total amount raised under its first global rupee bond programme
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William D. Green
Chairman & CEO, Accenture