BUSINESS
RBI’s pause on rate hike to reduce pressure on NIMs of NBFCs, says industry experts
NBFC have been under pressure in the last few months and its strain was felt on the net interest margins due to rising borrowing cost after the RBI’s move to hike the repo rate to fight against inflation.
BUSINESS
Expected normal monsoon may help RBI in inflation battle, say experts
The country can expect regular rainfall during the southwest monsoon season as a positive Indian Ocean Dipole (IOD) and lower snow cover over the northern hemisphere are likely to counter the developing El Nino conditions, IMD said.
BUSINESS
Benchmark bond yields may trade in 7-7.25% range till next policy: Dealers
The trading range for bond yields has been revised by traders after the RBI unexpectedly paused the rate hike, which helped yields to ease.
BUSINESS
RBI, NPCI in talks with several countries to enhance footprints of UPI, says RBI Governor Shaktikanta Das
He further added that this will enhance the footprints of the Unified Payments Interface (UPI).
BUSINESS
Web portal for unclaim deposits to be ready in 3-4 months, says RBI DG M Rajeshwar Rao
RBI Governor Shaktikanta Das announced a centralised web portal for the public to search unclaimed deposits.
BUSINESS
Bond yield eases sharply after RBI keeps repo rate unchanged
Yield on benchmark bond went as low as 7.1469 percent during announcement of monetary policy review.
BUSINESS
RBI to help to develop onshore NDF market
A non-deliverable forward contract allows two parties to lock in exchange rate for a period of time.
BUSINESS
Exclusive | UP’s two municipal corporations plan bond issue: Sources
Kanpur Municipal Corporation seeks to raise at least Rs 100 crore through municipal bonds of 10-year maturity. Though Prayagraj Municipal Corporation officials confirmed the bond issue, they did not disclose the size of the issue planned.
BUSINESS
Indian debt instrument yields begin to ease since banking crisis breaks out in US
The yield on Commercial Paper issued by non-banking financial companies (NBFCs) eased 20-40 basis points, and that on debt issued by manufacturers by 30-35 bps.
BUSINESS
Banks may race past HFCs in home loan market aided by lower cost of funds, say experts
As per Emkay Global Research, banks’ share of the individual home loan market has been around 64-68 percent, and that of HFCs has been 32-35 percent between 2010 and 2022.
BUSINESS
MC Explains | All there is to know about liquidity facility for standalone primary dealers
According to the RBI, funds availed through this window have to be repaid by April 5.
BUSINESS
MC Explains | Why RBI did not accept any bids on 91-day T-bills in a recent auction
Investors sought higher cut-off yields. The last time the RBI rejected bids on the 91-day treasury bills was on February 24, 2016.
BUSINESS
After seven years, RBI rejects all bids on 91-day T-bills as investors seek higher cut-off yield
The last time the RBI rejected bids on the 91-day treasury bills was on February 24, 2016, as per the central bank's database.
BUSINESS
RBI may deliver 25 bps rate hike in April policy, may pause in further policies, say economists
The central bank has increased its policy rate by 250 bps since May last year to tame inflation.
BUSINESS
MTM losses on banks' AFS bond portfolio to remain lower in Q4 as yields stabilise, say experts
However, some non-SLR portfolios may see a rise in MTM losses as spread on these instruments has widened by 5-7 bps, they said.
BUSINESS
Change in debt fund taxation rules may force NBFCs to rely more on bank funding
NBFCs raised Rs 1.75 lakh crore and housing financiers Rs 1.34 lakh crore through corporate bond sales so far this financial year.
BUSINESS
Change in debt mutual fund tax norms could channel flows into bank FDs, say experts
The Finance Bill has proposed that income from mutual funds where not more than 35 percent is invested in stocks of Indian companies will be considered short-term capital gains.
BUSINESS
Indian benchmark bond yield eases, tracking Treasuries, as traders take comfort from US Fed action
The 10-year benchmark bond opened trading at a yield of 7.3211 percent against the previous day’s close of 7.35 percent.
BUSINESS
After a 3-yr gap, L&T plans bond issue; to raise Rs 2,000 crore selling five year papers
These bonds offer a fixed coupon rate of 7.725 percent.
BUSINESS
RBI Bulletin: CD issuances rise sharply this fiscal amid high credit offtake
CD issuances were robust at Rs 6.3 lakh crore during the current financial year, higher than Rs 2 lakh crore in the corresponding period last year.
BUSINESS
RBI estimates retail inflation at 5-5.6% for FY24 if El Niño impact is managed
The country's headline retail inflation rate edged down to 6.44 percent in February from a three-month high of 6.52 percent recorded in January
BUSINESS
US dollar index to stay bearish in the near term after central banks put in place dollar liquidity swap line, experts say
The US dollar index has fallen around 1 percent since March 17. According to Bloomberg data, the index, which was trading at 104.42 on March 17, fell to 103.38 on March 21
BUSINESS
Indian AT1 bond issuers may not be affected by Credit Suisse crisis: Experts
Switzerland’s financial regulator said in a statement that about 16 billion Swiss francs of its AT1 bond will be written down to zero.
BANKS
Government invites applications for RBI deputy governor post
The tenure of the job is for three years and the post carries the pay scale of Rs 2.25 lakh (level 17)
