HDFC Bank, India’s biggest lender by market capitalisation, will open a dedicated two-day window to mobilise NRE deposits offering up to 50 basis points more in interest than existing rates in the category, people familiar with the matter told ET.

The government has received record bids of ₹1.45 lakh crore after four rounds on Day 1 of India’s first-ever 5G spectrum auction.The crucial, albeit pricey, 700 MHz band saw bidding for the first time, along with strong interest in the mid-band (3.3-3.67 GHz) and high-band (26 GHz) airwaves. All bids were at base price.

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