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HDFC Bank vies for bond crown amid record sales
HDFC Bank Ltd is threatening to end Axis Bank Ltd's decade-long reign as the largest arranger of rupee-denominated corporate bonds as sales climb to a record for a third straight year. HDFC Bank didn't refuse smaller deals as it caught up with rivals who chase big-ticket sales, said Sharad Rungta, head of debt capital market and debt syndication at the lender. Axis Bank says relationships with issuers and investors forged over the past 15 years will help maintain its leadership position.
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