Tuesday, September 17, 2013

Banks Yet to Take Up New Guv’s Offer on Easier Global Funding

It is more than 10 days since RBI governor Raghuram Rajan eased overseas fund-raising for banks, but hardly any bank has moved. Bankers are worried about the reaction of regulators overseas and the use of funds when there is not much demand for loans. There is also apprehension that the cost of fund may be on the rise after the jump in the US treasury yields to 3%...........

Read - ET

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