Positive impactCompany
HDFC Bank, ICICI Bank Among Buyers Of State Power Lender REC's Tokenised Bond
NDTV Profit 3 hrs ago·7 Sept 2026, 5:53 pm
HDFC Bank and ICICI Bank have purchased tokenised bonds issued by REC Limited, a state-owned power finance company. This transaction raised Rs 5 billion, with the notes maturing in May 2028 and carrying a coupon rate of 7.30%. The tokenised format indicates the use of blockchain technology to facilitate this specific issuance.
For investors, this move highlights the continued interest of large private-sector banks in acquiring high-yielding assets. These bonds offer a fixed return, which can be attractive for portfolio diversification. It also reflects the strength of the bond market, as institutional investors are actively deploying capital into these instruments.
Moving forward, investors should monitor the liquidity levels of the secondary market for these bonds. While the initial issuance was successful, the ability of these notes to trade easily will determine their long-term appeal. Watch for any updates on REC's future fundraising plans and the broader trend of tokenised debt in India.
Affected stocks
Bullish2 stocks
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns ICICI Bank (ICICIBANK).
- Category: Company.
- AI reads the tone as positive (potentially bullish) for the stock.
- Also mentions HDFCBANK.
Why it matters
A routine update for ICICI Bank. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
