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After Private Lenders, PSU Banks Tip Toe Towards Fund Raising
The investor response remains uncertain even though these lenders are trading well below one-time price-to-book value.
24 Sep 2020, 07:23 PM IST
India’s top private lenders have always had success in raising money from the markets. This year has been no different. Despite the pandemic induced uncertainty, lenders including ICICI Bank Ltd., Axis Bank Ltd. and Kotak Mahindra Bank Ltd., among others have tapped the market for equity capital.In contrast, most state-run banks have received lukewarm interest from private investors and have had to rely on government fund infusion. S...
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