Five banks raise Rs 408.95 billion via infrastructure bonds

A total of five banks have raised Rs 408.95 billion via infrastructure bonds, till November 2023-24, which is double the amount raised via such bonds throughout 2022-23. Public sector banks such as SBI, Canara Bank (Rs 100 billion) and Bank of Baroda (Rs 50 billion) ac­counted for 88 per cent of the fundraise. Two private lenders – ICICI Bank and Kotak Mahindra Bank – raised Rs 40 billion and Rs 18.95 billion respectively.