On Monday, Indian banks raised Rs. 35.3 billion through Certificates of Deposit (CDs).

Allahabad bank raised Rs 9 billion by selling two tranches of notes. It sold three month 3.70 percent notes and 4.82 percent six months notes.

Dena bank raised Rs. 5 billion through equal tranches of 6.00 percent one-year notes and 4.95 percent six month notes.

UCO bank raised 5 billion rupees via 5.90 percent one-year notes.

United bank of India raised 3 billion rupees of notes yielding 3.75 percent.

Federal bank raised 5 billion rupees of 5.40 percent six months notes.

State Bank of Patiala raised 3 billion by selling off one-year notes yielding 5.75 percent.

Andhra Bank sold 2 billion rupees of 4.81 percent six-month notes and State Bank of Travancore sold 1.8 billion rupees of 5.75 percent one-year notes.

The banks, on last Wednesday, raised 9 bn via CDs.