Kotak Mahindra Bank expects India's sovereign bond inclusion in JPMorgan's global indexes to boost liquidity and reduce aggressive deposit pursuits.
Kotak Mahindra Bank expects India's sovereign bond inclusion in JPMorgan's global indexes from June to boost liquidity for banks, reduce aggressive deposit pursuits in the short term, and unlock funds for lending purposes. This will ease pressure on banks relying on costly deposits for loans. Banks, including Kotak, can sell bond investments to overseas buyers entering India's $1.2 trillion government debt market.
April 16, 2024
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