Banking liquidity surplus currently stands at Rs 2 lakh crore -five times higher than the Rs 40k crore average.
DBS plans to get a final approval in the next six to nine months which will allow it to expand from the present 12 branches to at least 75 branches.
At HDFC Bank Dhru started by launching the retail lending business and eventually moved to head business banking which lends to SMEs.
DBS along with State Bank of Mauritius (SBM) had applied to the RBI to open a local subsidiary in 2015.
Bankers said the fact that there may not be a fresh issuance of these bonds are making it a scarce commodity for foreign institutional investors.
Acharya was delivering closing remarks at a RBI organised seminar titled ‘Agriculture Debt Waiver – Efficacy and Limitations’ in Mumbai, a press release from the central bank said.
The capital raising will help the bank improve its capital adequacy ratio to 13.85%.
Vijaya Bank's share sale will be seen as a benchmark for small public sector banks.
The bank said it had fixed the floor price of its share sale at Rs 66.36 per share a discount of 6.61% to Monday’s closing price of Rs 70.75 per share on the BSE.
Arun Jaitley would oversee mergers among the country's 21 public-sector banks.
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