State Bank of India's perpetual bond demand seen spurring more issuances, bankers say

State Bank of India's recent success in selling perpetual bonds is setting a positive precedent for other banks. With several lenders preparing for perpetual bond call options this fiscal year, they may be encouraged to initiate fresh debt offerings. This trend underlines banks' focus on bolstering capital buffers to foster credit growth and expansion, highlighting a strong institutional demand among various investor segments.