Indian banks issue more CDs to secure cheap funding

"Banks are not raising deposit rates, as they are able to get funds easily from money market by issuing CDs, and that too cheaply, and they may continue to opt for this route of fundraising for next few weeks," said Raju Sharma, head of fixed income at IDBI Mutual Fund.

from Banking/Finance-Industry-Economic Times https://ift.tt/oWi5pLP