<ul data-eligibleForWebStory="false"><li>Indian banks' bond sales hit an 11-year low due to sluggish loan growth.</li><li>Banks have raised ₹5,920 crore ($691 million) in additional tier 1 and tier 2 notes, a 52% drop from the previous year.</li><li>The weak credit demand suggests RBI's rate cuts have not attracted cautious borrowers, impacting the economy.</li><li>Fitch Ratings expects credit growth to improve, but it may face downside risks if lower interest rates fail to stimulate private investment and consumption.</li></ul>

Sluggish loan growth drags Indian banks’ bond sales to 11-year low

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