The government may soon direct state-owned
banks to explore public offering to increase their
capital at reasonable rates rather than opting for
comparatively costlier bond issues, which could
spill over into higher interest rates, a government
official said. The development comes at a time
when the country's largest bank State Bank of
India plans to raise Rs 11,000 crore through
additional tier 1 bonds, popularly called AT-1bonds
or perpetual bonds.
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