BUSINESS
Liquidity deficit in the banking system rises over 13-year high after tax outflows
The liquidity deficit is highest since March 31, 2010, as per Bloomberg data.
BUSINESS
Top banks provide for AIF investments post RBI diktat
The combined investment in all three AIF categories stood at Rs 3.54 lakh crore as on September 30, 2023, according to Securities and Exchange Board of India (SEBI) data.
BUSINESS
Commercial paper yield rises to over 5-year high, near IL&FS crisis level
The yield traded at 8.40 percent on January 18 as liquidity in the banking system remained tight.
BUSINESS
RBI AIF deadline ends today: Most lenders are making provisions on investments, say experts
In an effort to crack down on the misuse of AIFs to evergreen loans, the central bank had given lenders 30 days to liquidate their holdings in these funds or make provisions. The combined investments in all three AIF categories stood at Rs 3.54 lakh crore as on September 30, 2023, according to SEBI data
BUSINESS
CP yields rise 5-15 bps in one week as liquidity deficit widens
Yield on papers issued by non-banking finance companies maturing in three months rose to 8.20-8.50 percent this week from 8.10-8.30 percent last week, and those on manufacturing companies’ papers rose to 7.70-7.90 percent, from 7.65-7.75 percent.
BUSINESS
Bond market yield curve inversion indicates tight liquidity
The cut-off yield on 182-day Treasury Bills was set 7.1701 percent, which was marginally higher than current trading yield of 7.1620 percent on 10-year
BUSINESS
Budget 2024 | Bond St expects incentives to deepen municipal bond market
In the previous budget, finance minister Nirmala Sitharaman said cities would be incentivised to improve their creditworthiness, so that they can issue municipal bonds
BUSINESS
Ahmedabad, Vadodara municipal corps to raise Rs 300 cr via green bonds in January: Sources
Last year, finance minister Nirmala Sitharaman said cities will be incentivised to improve their creditworthiness so that they can issue municipal bonds.
BUSINESS
Banks borrow over Rs 1 lakh cr via MSF on January 10 as liquidity turns tight
Currently, liquidity in the banking system is in deficit of around Rs 1.63 lakh crore. Borrowing via MSF is expected to remain high for some time to come because liquidity will remain tight.
BUSINESS
Banks’ treasury income to rise in Q3 as bond yields ease, say experts
Most banks had reported a rise in treasury gains in the July-September quarter, experts said
BUSINESS
SBI raises $600 million via 5-year senior unsecured bonds
This issuance comes after the bank concluded the placement of $250 million senior unsecured green floating rate notes.
BUDGET
Budget 2024: NBFCs seek funding support, steps to boost financial inclusion
Non-banking finance companies say refinance facilities and a special liquidity window will make more funds available at a lower cost.
BUSINESS
Budget 2024 | Government likely to announce gross market borrowing of Rs 15-16 lakh crore for FY25
The interim Budget for the fiscal year 2024-25 will be presented by Finance Minister Nirmala Sitharaman on February 1.
BUSINESS
Adani Ports to issue bonds to raise Rs 500 crore on January 8
Adani Ports and Special Economic Zone will issue two bonds worth Rs 250 crore each.
BUSINESS
Corporate bond issuances rise to 5-month high in December as rates ease
In December, yield on corporate bonds eased around 10 basis points (Bps) in response to the easing of yield on government securities and the expectation of an easing of monetary policy, experts said.
BUSINESS
Liquidity deficit narrows sharply in the new year
Money market experts are divided over liquidity conditions in the January-March quarter. While some believe that liquidity is likely to improve due to the government’s pre-budget spending, others expect conditions to remain tight till February-end, due to a seasonal uptick in currency leakage.
BUSINESS
FPIs pour Rs 68,663 cr in debt instruments in 2023, turn positive after 3 years
FPI investment in debt remained positive in all months of 2023 except in March, which experts attributed to year-end outflows.
BUSINESS
RBI may announce new 10-year benchmark bond on January 8, say experts
The coupon for the new bond is expected to be in the range of 7.15-7.17 percent.
BUSINESS
Yield on short-term debt instruments rises 15-20 bps in December on tight liquidity
Liquidity in the banking system was estimated to be in deficit of around Rs 1.86 lakh crore as on December 29, the Reserve Bank of India’s (RBI) money market operation showed.
BUSINESS
Rupee likely to trade in 82-85 range against US Dollar in 2024, say experts
The rupee depreciated around 0.7 percent in 2023, due to rate hikes by global central bank and a higher dollar index
BUSINESS
MC Explains | All you need to know about draft norms on bond forwards
As per the draft directions, transactions in bond forwards shall be undertaken on Central Government dated securities and state government securities.
BUSINESS
NBFCs’ bank borrowing up as of September 2023, shows RBI data
In absolute terms, at the end of September 2023, NBFCs’ borrowings from banks stood at Rs 11.98 lakh crore, 37.8 percent of the total borrowings of Rs 31.7 lakh crore.
BUSINESS
Unsecured loans of NBFCs grow faster than secured loans in 2023: RBI data
An RBI report shows that the pace of expansion in the balance sheet of NBFCs accelerated in 2022-23, aided by double-digit credit growth, mainly on account of unsecured loans.
BUSINESS
Bond Street Outlook 2024 | Yields likely to see downward movement on US rate cut expectations, FPI inflows
The expected range for the 10-year benchmark government bond next year is 6.70-7.30 percent, say experts.
