BUSINESS
Budget 2023: NBFCs hope budget will offer liquidity-enhancement measures
It may help non-bank lenders when cost of funds have increased sharply.
BUSINESS
Explainer | How does RBI’s new rules on expected loss-based approach work? All you need to know
As of now, these norms are meant for only scheduled commercial banks, excluding regional rural banks.
BUSINESS
Pimpri Chinchwad civic body to raise Rs 200 crore via maiden municipal bonds
Officials said they are in talks with the merchant bankers and investors on the tenure of the bonds. This would be the first municipal bonds by any authority in the current financial year.
BUSINESS
CP issuances fell 7% on-month in December 2022 on uptick in yields
Companies raised Rs 1.14 lakh crore in the month through CPs, compared to Rs 1.22 lakh crore in the previous month, according to Prime Database data.
BUSINESS
Why do major IBC cases get delayed for years?
In the Reliance Capital case too, the quest for value maximisation may further delay the resolution process, say experts
BUSINESS
We expect fiscal deficit at 5.8-5.9% of GDP in FY24, says Mirae Assets’ Mahendra Jajoo
The upcoming Union Budget would likely remain focused on growth as concerns about inflation diminish, says the Chief Investment Officer – Fixed Income at the fund house.
BUSINESS
Certificates of deposit issuance rises to a 5-month high in December on uptick in credit growth
Banks raised Rs 77,357 crore in December vs.Rs 71,818 crore in November.
BUSINESS
Exclusive | GoldenPi gets first debt broker licence after new regulations
In November, the regulator had introduced norms for online bond platforms selling listed debt securities
BUSINESS
InCred Financial looking to raise up to Rs 350 crore via NCDs
The issue will open on January 9 and close on January 27
BUSINESS
Funding rush: Corporate bond fundraising rises to over 5½ year high in December
Companies and banks raised Rs 1.21 lakh crore last month compared with Rs 1.02 lakh crore in November, according to Prime Database.
BUSINESS
Customers with some banks complain of issues concerning re-KYC
Some customers were told to visit branches to redo their know-your-customer formalities despite the digital re-KYC mandate by the Reserve Bank of India. Others faced technical glitches on websites and mobile applications
BUSINESS
Complaints under ombudsman schemes rises 9.39% in 2021-22: RBI
42.12 percent of the total complaints received constitutes digital modes of payment and transactions complaints.
BUSINESS
Retail investors may stay cold to private placement of bonds despite cut in lot size
Public issue of bonds may continue to be popular due to smaller lot sizes and attractive coupons, experts said.
BUSINESS
Covid resurgence may play spoilsport for the rupee in 2023, says Shinhan Bank's Sodhani
The Reserve Bank of India's (RBI) focus is likely to remain on tackling volatility in the forex market. However, the central bank is unlikely to target any levels for the rupee, Sodhani said.
BUSINESS
RBI Financial Stability Report: High investment fluctuation reserve helps banks to absorb treasury losses in Q1 FY23
The banking system’s IFR reached 2.2 percent of Held-for-Trading (HFT) plus Available for Sale (AFS) portfolios in March 2022
BUSINESS
CPI inflation may ease to around 5.3% in FY24, says HDFC Bank's Swati Arora
Upside risks to inflation could emanate from rising Covid cases in China, and if cases in India rise as well, that could again disrupt supply chains.
BUSINESS
Two online bond platforms set to apply for stock broker licence in January post SEBI's new rules
A third online bond platform, Yubi Invest, applied for licence on November 2, 2022
BUSINESS
Schedule commercial banks recover Rs 47,421 crore via IBC route in 2021-22: RBI report
The amount involved in the IBC was Rs 1,99,250 crore, of which only 23.8 percent has been recovered by the banks.
BUSINESS
Inflation conundrum: How RBI’s commentary changed in 2022
At the beginning of the year, the RBI made comforting noises that inflation wasn’t a big worry. But then it got spooked.
BUSINESS
Explainer | India’s US treasury holdings fell 3.9% to $212.6 bn in Sep: 5 questions answered
When interest rates rise sharply in the US, major economies including India start cutting their holdings in these assets due to potential MTM losses as also currency risks.
BUSINESS
Year-ender: Rupee may have a highly volatile ride in 2023 on global headwinds, say experts
Rupee may trade in a broad range of 79-85 against the US dollar in 2023.
BUSINESS
Rupee will continue a gradual but comfortable depreciation in near future, says DSP MF's Sandeep Yadav
Easing inflation, less hawkish global central banks, tapering growth and order in FX should mean that the monetary policy will probably be positive on bond yields next year
BUSINESS
RBI net sold $922 million foreign currency in October: RBI Bulletin
Net sales of foreign currency in October was $25.78 billion and net purchases was $24.86 billion
BUSINESS
Year-ender: Better fundamentals likely to keep bond yields range-bound next year
The yield on the 10-year benchmark government bond should hover around the 7.25-7.50 percent mark and may ease below this range as most negatives are already factored in
