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.
BUSINESS
How India’s bond market evolved over the last 10 budgets under Modi govt
The outstanding amount of government securities and corporate bonds has grown over 165 percent in the last 10 years, according to the data compiled by Moneycontrol
BUSINESS
Tax outflows push banking system liquidity deficit to highest in over 7.5 years
According to RBI data, liquidity in the banking system was in a deficit of around Rs 2.67 lakh crore as of December 25, compared to a deficit before tax outflows of Rs 44,284.92 crore on December 14
BUSINESS
Tight liquidity forces banks, corporates to raise short-term funds
Outstanding certificates of deposits rose around 18 percent on-year in November, and commercial papers rose 10 percent on-year, according to NSDL data.
BUSINESS
FPI investment in FAR securities up 35% since announcement on inclusion of Indian bonds on JP Morgan index
Experts say the rise in FAR holdings of FPIs can also be attributed to the hope that Bloomberg will also add Indian government securities to its bond index.
BUSINESS
Spread between 10-year G-Secs and SDLs narrowed in last two weeks
During this period, the yields on government securities, especially the 10-year benchmark 7.18 percent 2033 bond, fell around 10 bps
BUSINESS
RBI conducted Rs 9,915 crore outright OMO sales in October: Bulletin
The RBI Bulletin is a monthly publication that offers insights into the developments in domestic and global economy.
BUSINESS
Planned reduction in face value of NCDs may boost liquidity of lower-rated bonds: Experts
Last week, SEBI proposed allowing companies to issue non-convertible debentures and non-convertible redeemable preference shares with a face value of Rs 10,000 as against the current system of Rs 1 lakh face value.
BUSINESS
SIDBI, Kerala Infrastructure Investment Fund to raise Rs 6,500 crore through bond issuance
On December 20, Bank of Baroda, National Bank for Agriculture and Rural Development (NABARD), and the Indian Renewable Energy Development Agency (IREDA) will float bonds aggregating to Rs14,500 crore.
BUSINESS
Bank of Baroda, NABARD, IREDA to float Rs 14,500-cr bonds on Dec 20
Market sources also said that on December 21, National Bank for Financing Infrastructure and Development (NaBFID) will also issue bonds worth Rs 10,000 crore.
BUSINESS
IRFC raises Rs 2,980 crore at 7.67% coupon through 10-year bonds
On December 12, Moneycontrol reported that the company will auction these bonds on December 13.
BUSINESS
Bank of Maharashtra raises Rs 259 crore from Tier-II bonds at 7.99% coupon
The bonds have been rated 'AA+' by CARE and Acuite Ratings.
BUSINESS
IRFC to raise up to Rs 3,000 cr via 10-year bonds on December 13
The bonds have been rated 'AAA' with 'Stable' outlook by CRISIL, ICRA and CARE.
BUSINESS
Bank of Maharashtra to float Rs 1,000-cr bonds on Dec 12
On November 23, Moneycontrol citing sources reported that bank will raise Rs 1,000 crore in early December.
BUSINESS
REC plans to raise up to Rs 6,000 crore through bonds
The bonds have been rated ‘AAA’ by ICRA and India Ratings
BUSINESS
Bank of Baroda raises Rs 5,000 crore via 10-year bonds at 7.68% coupon
The bonds have been rated 'AAA' with a 'Stable' outlook by CRISIL and India Ratings. The minimum application size of the bonds is Rs 1 lakh and in multiples of Rs 1 lakh.
BUSINESS
India's bond market norms: How they have evolved over the last decade
As per SEBI data, corporate bonds outstanding in 2014 were Rs 16.49 lakh crore, which increased to Rs 44.16 lakh crore in 2023. Similarly, government borrowings through G-Secs, which stood at Rs 5.79 lakh crore in 2014, climbed to Rs 15.43 lakh crore in FY24
BUSINESS
MC Exclusive: Govt approves online bond platform providers' application to form industry body
Around 16-18 bond portals, including IndiaBonds, GoldenPi, The Fixed Income, Wint Wealth, BondsKart, BondsIndia, Bond Bazar, Grip Invest, and Aspero, are members of the association.
BUSINESS
Bank of Baroda expects 40-50 bps impact on CAR post RBI credit risk rules: MD & CEO Debadatta Chand
This came after the Reserve Bank of India (RBI) last week raised the risk weight on consumer loans of banks and NBFCs by 25 percent on November 16 to curb the proliferation of unsecured consumer loans
BUSINESS
RBI to meet banks on November 24 for CBDC pilot review
The RBI had in December 2022 started the retail pilot of its digital currency.
BUSINESS
BoB targeting 10 lakh CBDC users over next 3-4 months
Bank of Baroda has seen daily transactions grow from 200-300 to over 2,000 a day
BUSINESS
SBI clocks over 9 lakh CBDC transactions since December 2022, says official
The RBI started the pilot testing of CBDC in November last year in the wholesale segment and later in December it was extended to retail segment.
