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.
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.
