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  • Indian Market

Bank of India intends to raise Rs 5000 crore, using infrastructure bonds

guna@fastura.com7 months ago03 mins

The Bank of India intends to issue infrastructure bonds for Rs 5,000 crore the following week. Sources claim that the 10-year infrastructure bonds will have a base amount of Rs 2,000 crore and a greenshoe option of Rs 3,000 crore. The bank board had approved raising Rs 10,000 crore for infrastructure projects in 2024–2025 through…

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  • Indian Market

RBI increases Repo Rate by 40 bps ‘to tackle inflation’

guna@fastura.com3 years ago03 mins

The Monetary Policy Committee (MPC) on Wednesday collectively voted to increase the policy repo rate by 40 basis points from 4% to 4.40% with an immediate effect, in a clear indication that inflation may be curving to higher levels than expected. The move came a few hours ahead of the Federal Reserve’s rate decision on…

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