In the last few days, India's three largest private financial firms - Housing Development Finance Corporation (HDFC), Axis Bank and ICICI Bank - chose the qualified institutional placement (QIP) route to raise Rs 35,000 crore, cumulatively.
ICICI Bank raised around Rs 15,000 crore while housing finance major HDFC and private lender Axis Bank raised Rs 10,000 crore each via the QIP route.
What does the trend indicate? Why are banks bolstering their capital positions? Why are institutional investors betting big on top lenders despite the current crisis?
Moneycontrol's Sakshi Batra answers all these questions in this edition of Big Story.
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