Prime Highlights:

• So, PSU banks have put a lot of money into IndusInd Bank’s CDs—why? Well, they’re offering good rates.

• When IndusInd Bank hit some money troubles, PSU banks jumped in, hoping to get more back during these unsure times.

Key Facts:

• In March, IndusInd Bank got ₹16,550 crore from CDs, with rates from 7.75% to 7.9%.

• Big PSU banks—like Punjab National Bank, Bank of Baroda, and Indian Bank—were all over these CDs.

• It’s a way for PSU banks to try to get more money back when the market’s all over the place.

Key Background:

IndusInd Bank, a big bank in India, needed cash fast after some issues with their financials came out. People started pulling their money, and the bank was in a tough spot. To fix things, they offered CDs at 7.75% to 7.9%—pretty tempting, right?

They managed to raise ₹11,000 crore on March 11 and another ₹1,850 crore right after. These one-year CDs gave better returns than others out there. Perfect for PSU banks looking for a good deal during shaky times.

And, these banks, like Punjab National Bank and others, really went for it. They saw an opportunity to make a bit more in a wobbly market—and they took it.

So, this big investment move was PSU banks both helping IndusInd get back on its feet and making a smart play for more returns. A bit of a win-win in a tricky time, you could say.