So far in 2025-26, only three banks—Bank of India, Bank of Baroda, and Axis Bank—have tapped infrastructure bonds, raising a total of ₹25,000 crore, as against ₹Rs 94,488 crore raised by 11 lenders a year ago, according to ratings firm Icra Ltd. Source
The latest amendment by the Reserve Bank of India to bank lending norms hits a critical cog: cheap leverage. The RBI has barred banks from deploying depositor money to fund proprietary trading and has mandated stricter collateral rules for capital market intermediaries (CMIs), including brokers and exchanges. This comes on top of the government’s upcoming…
