Banks putting more of surplus funds in commercial papers as rates rise
Commercial papers (CPs) are shorter duration debt instruments generally issued by companies with maturities up to one year. One basis point is 0.01 percentage point.
DFS Secretary asks banks to soar up balancesheet; raise capital from marketDuring the meeting with top executives of PSBs at Manthan 2022, Financial Services Secretary Sanjay Malhotra exuded confidence that public sector banks will continue to strive and perform better on all metrics, including profitability.
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