BUSINESS
Interview: RBI may cut repo rate from June 2024, says StanChart’s Anubhuti Sahay
The bank’s South Asia research chief added that the RBI's open market operation interpretation is primarily to reduce volatility in the government bond market.
BUSINESS
Bond yields to trade high till clarity emerges on OMO quantum: Experts
Soon after the announcement by the RBI, yield on the 10-year benchmark government bond started rising. In the morning trade it rose 7-8 basis points and later, in the afternoon trade, it rose by 15 bps.
BUSINESS
RBI to consider OMO sales to manage liquidity, say Governor Das
Currently, the liquidity in the banking system is estimated to be in deficit of around Rs 34,061.33 crore.
BUSINESS
RBI likely to keep banking system liquidity tight, say experts
Liquidity in the banking system started falling into the deficit zone after September 15 even after the incremental cash reserve ratio was reversed twice. The RBI is expected to take measures only if the deficit widens.
BUSINESS
5 companies to raise up to Rs 2,198 crore via bonds today
Manappuram Finance will raise Rs 1,000 crore through two bonds maturing in 539 days and 724 days
BUSINESS
MPC likely to hold repo rates at 6.50% in October policy: Economists poll
On the liquidity announcement, economists said the central bank is likely to focus on maintaining adequate liquidity through its Liquidity Adjustment Facility (LAF) operations, and may not announce any tightening measures.
BUSINESS
Banks stepped up CD issuances as liquidity turned deficit, shows data
The rise in issuances in September were led by four major lenders—Bank of Baroda, Canara Bank, HDFC Bank and Punjab National Bank.
BUSINESS
MC Exclusive | Yubi Group likely to launch online bond platform for retail investors by October 12
According to the person close to the development, Yubi is also part of the online bond platform association, which is likely to be formed in the next few months.
BUSINESS
Sovereign green bonds may get 6-8 bps ‘greenium’ in H2FY24 on firm demand: Experts
The central government on September 26 announced that green bonds worth Rs 20,000 crore would be issued in the second half of the borrowing calendar.
BUSINESS
Indian banks will look for lower duration bonds post global bond index inclusion, say experts
Economists believe that the demand-supply mismatch in government securities market post inclusion will be addressed by the RBI by conducting Open Market Operation (OMO) sales.
BANKS
Systemic liquidity stays in deficit for 10th day despite two I-CRR reversals: RBI data
Liquidity slipped into a deficit on September 15 and increased to over Rs 1 lakh crore on September 18.
BUSINESS
D-St to see 11 companies, 2 banks floating bonds to raise Rs 13,530 cr today
Of the total amount, Rs 3,000 crore each will be raised by National Bank fort Agriculture and Rural Development (NABARD) and Punjab National Bank.
BUSINESS
Government borrowing cost set to fall in FY25 after Indian bond inclusion in global index: Experts
The addition of bonds in the global index is expected to attract foreign fund inflows and the 10-year benchmark bond yield may trade in a range of 6.50-6.80 percent by the end of FY25.
BUSINESS
Nine companies plans to float bonds worth Rs 4,936 crore today
Bidding for these bonds will take place on the electronic bidding platform of BSE and the National Stock Exchange of India.
BUSINESS
NABARD, REC to float bonds worth Rs 5,000 crore next week
NABARD is looking to raise Rs 3,000 crore, while REC will issue bonds worth Rs 2,000 crore, sources have said
BUSINESS
Benchmark bond yield may fall to 7% in H2 on inclusion in JPMorgan index: Experts
Experts said the addition of Indian government bonds in JPMorgan’s emerging market index could trigger their inclusion in other similar indexes such as the Bloomberg Global Aggregate Index.
BUSINESS
Banks parked Rs 5,995 cr in 14-day VRRR despite huge liquidity deficit
Currently, the liquidity in the banking system is estimated to be in deficit of around Rs 1.49 lakh crore. Due to this, banks have increased their borrowings through the marginal standing facility (MSF)
BUSINESS
MSF borrowing hit record high of Rs 1.97 lakh cr on September 18
Bank treasury heads said that the systemic liquidity tightness will ease in the coming days after the second phased reversal of the I-CRR on September 23.
BUSINESS
NHB refinance scheme disbursements surge 84% as liquidity crunch hits money market
The yearly growth was the highest since 2004-05, according to RBI data.
BUSINESS
Banks may face hit on Q1 treasury gains as RBI discontinues shifting investments from HTM
Move negative for public sector banks which are heavily dependent on treasury gains.
BUSINESS
MC Explains | All you need to know about NBFCs and scale-based regulations
The central bank recently removed Shanghvi Finance from the upper layer of NBFC list. What does it mean, what are NBFC layers, and what are scale-based regulations?
BUSINESS
Five NBFCs plan to raise Rs 1,050 cr via bonds on September 15
Edel Finance plans to issue four bonds having two maturities of 42-month and 34-month each. The company will raise Rs 60 crore from each bonds. While Kotak Mahindra Investment will raise up to Rs 400 crore, which includes Rs 300 crore in greenshoe through bonds maturing in 19-month and 16-day
BUSINESS
Around 15,000 transactions per day taking place in retail CBDC, says RBI DG
Additionally, Sankar said the central bank is now only focusing on the self-regulations for the Fintech sector
BUSINESS
MC Interview: SIDBI plans to lend to 20 alternative investment funds this fiscal, says Chairman Sivasubramanian Ramann
To increase direct lending, SIDBI is focusing on EVs, solar projects and products in the renewable segment, Ramann said
