|Bid||0.00 x 0|
|Ask||800.00 x 0|
|Day's Range||800.00 - 800.00|
|52 Week Range||400.15 - 820.70|
|Beta (5Y Monthly)||1.36|
|PE Ratio (TTM)||33.15|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 04, 2019|
|1y Target Est||N/A|
(Bloomberg) -- An Indian bank is planning to tap the offshore market for its debut sustainable perpetual bond amid growing demand for both riskier bank debt and sustainable investments.Axis Bank has hired banks to arrange investor meetings ahead of a potential Basel-compliant additional Tier I note sale, the proceeds of which are earmarked for green and social projects, a person familiar with the matter said on Monday.The planned transaction follows a recent deal by a local peer, which sold the
The guidance comes as India is crafting a law to ban cryptocurrencies and penalize anyone dealing in them, which would be among the most sweeping crackdowns on the new investing fad in the world. The Reserve Bank of India (RBI) in 2018 had forbidden banks from dealing in all transactions related to bitcoin and other such assets.
Indian shares ended at their lowest level in over a month on Thursday, dragged down by losses in information technology and consumer companies, with investors also booking profits ahead of the upcoming federal budget. Shares of automaker Maruti Suzuki India Ltd fell 3.5% after the company's margins for the December-quarter fell on rising costs, despite an uptick in demand. Shares of consumer giant Hindustan Unilever closed 3.8% lower as one of the top drags on the Nifty, while shares of cigarette maker ITC Ltd also slipped 1.9%.