GK and monthly revision

Indian financial firms to tap $1.5 billion overseas bonds this week: Bankers

Indian financial firms are set to issue around $1.5 billion in foreign-currency bonds this week, leveraging a new hedging facility that makes it more cost-effective. Power Finance Corp is at the forefront with a $500 million bond sale, indicating a significant trend for non-bank lenders. The participation of State-run Bank of Baroda and private lender Axis Bank suggests a robust investor interest in these rare offerings, highlighting the evolving dynamics in India's financial markets.