RBL Bank raises Rs 2,600 crore via CDs to beef up liquidity

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Thursday raised Rs 2,600 crore via certificate of deposits (CDs) as it creates a buffer of additional liquidity against unforeseen withdrawals even though it has excess liquidity of about Rs. 15,000 crore. The move is also aimed at demonstrating investor confidence in the bank where a change of guard on Christmas Day was immediately preceded … Read more