💨 Abstract

State Bank of India, India's largest lender, has postponed its plans to raise funds this fiscal year due to high bond yields, despite a policy rate cut and central bank liquidity boost. The bank had planned to raise up to 150 billion rupees ($1.7 billion) but will now wait until the next financial year to tap the market. The sources said the bank is avoiding entering the market due to high yields in the past few weeks.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖