Onshore vs offshore: Indian banks mull capital issuance

By Alice Huang
13 Jul 2020

A slew of Indian banks are turning to additional tier one and tier two instruments to raise their capital levels. But an expensive international debt market means the majority of the issuance is likely to take place onshore in rupees.

Like many countries affected by the ongoing Covid-19 pandemic, India imposed a nationwide lockdown on its 1.3bn population towards the end of March. The government eased some of the restrictions in June, but coronavirus cases in India have continued to rise.

India’s economy has taken a hit, with ...

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