Reliance bond issue amid bank liquidity shifts
Reliance Industries plans to raise ₹10,000 crore next week through 10-year bonds, as companies tap bank liquidity. RBI Deputy Governor Rohit Jain said banks are expected to deploy additional FCNR(B) liquidity, while deposits fell ₹2.59 lakh crore in the fortnight to September 15.
Timeline
Friday, 25 September
- Bank deposits, credit shrink in fortnight to September 15
Bank deposits contracted by Rs 2.59 lakh crore in the fortnight ending September 15
- India may not have got same FCNR(B) inflows if deposits were raised now: CEA
CEA V Anantha Nageswaran says FCNR(B) deposit mobilisation was well-timed
Thursday, 24 September
- Reliance plans ₹10,000 crore, 10-year bond issue next week
Reliance Industries plans to raise ₹10,000 crore through a 10-year bond next week
- Banks may deploy FCNR(B) liquidity as festive-season credit demand rises
Banks are expected to deploy additional FCNR(B) liquidity in the coming months
- Reliance Industries eyes ₹10,000 crore 10-year bond sale at 7.90%
Reliance plans to raise ₹10,000 crore through 10-year notes
