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State Bank of India shelves $1.7 billion fund raising as yields elevated, sources say

By Yahoo! Finance   |   1 week ago
State Bank of India shelves $1.7 billion fund raising as yields elevated, sources say

State Bank of India is postponing its fund-raising plans due to high bond yields, despite a rate cut and liquidity boost. The bank will now tap the market in the next fiscal year starting in April, with a planned issuance of 150 billion rupees in bonds.

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