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Siddhartha Singh

Bloomberg

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    • India Is Said to Seek Approval For $12.6B of Bank Recap Bonds
      4 Jan 2018—Bloomberg
      The government will seek parliament’s approval to issue 800b rupees of bank recapitalization bonds by March 31, people familiar with the matter said. The interest cost on the bonds is expected to be more than 60b rupees annually, the people said, asking not to be identified as the information is not public Finance Ministry spokesman D.S. Malik didn’t respond to a call seeking comments NOTE: Markets, Moody’s Applaud $32 Billion Bazooka for India Banks NOTE: India to Inject $32 Billion Into...

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