RBI Expected to Keep Cost of Funds Unchanged

Following is the list of the key macro triggers that you need to know before hitting the capital markets on Monday:

PSU banks to raise Rs 58K crore this year:  Public sector banks, including SBI, Bank of Baroda and IDBI Bank, in order to ease the pressure on the exchequer of pumping in the capital, plan to raise Rs 58,000 crore through equity dilution during the current fiscal.

RBI likely to hold rates: of The Reserve Bank of India’s Monetary Policy Committee is expected to keep the cost of funds unchanged at its scheduled meeting this week, but could lower their forecast on inflation and retain the option of cutting rates in the latter half of the year if consumer prices remain muted.

The first-ever bad loan action: Andhra Bank and Allahabad Bank, in the first auction of bad loans after the Reserve Bank of India revised norms for sale of bad loans, have put up for sale nearly Rs 6,000 crore of bad loans amid mounting pressure on state-run lenders to clean their books.