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)
BUSINESS
Banking system to remain resilient and stable, says Shaktikanta Das
RBI Governor was delivering speech at 17th K P Hormis Commemorative Lecture, organised by Federal Bank.
BUSINESS
US Banking Crisis: As risk aversion sets in, rupee may trade in 82-83 range in near term, say experts
So far this year, the rupee has depreciated 8.08 percent against the dollar. It is the second worst-performing currency in Asia against the dollar after the yen, which is down 8.5 percent
BUSINESS
No major impact of Credit Suisse crisis on Indian financial system, say experts
Credit Suisse has only one branch in India and a total asset base of Rs 20,000 crore, ranking it the 12th largest among foreign banks
BUSINESS
CP, CD rates may jump 5-10 bps by March-end as liquidity tightens: Experts
Liquidity is expected to tighten significantly amid advance tax collections and auction outflows for treasury bills.
BUSINESS
Adani dollar bond yields ease by up to 500 bps in a fortnight on improved investor sentiments
According to Bloomberg data, yield on the overseas bonds of Adani Electricity Mumbai Infra fell to 8.7614 percent on March 13, from 9.4626 percent on February 28.
BUSINESS
Indian bond yield eases tracking fall in US yields
The yield on the 10-year benchmark bond eased to 7.3579 percent from 7.4321 percent in the previous trading session
BUSINESS
CPI Inflation at 6.44%: RBI may hike repo rate by 25 bps in April, say economists
India's headline retail inflation rate was at 6.44 percent in February, which is lower than January's three-month high of 6.52 percent but above the RBI’s medium-term target of 4 percent
BUSINESS
MC Explains: What are the MBS that landed SVB in trouble? A ready-reckoner on mortgage-backed securities
SVB Bank, which collapsed last week, had sold a $21-billion bond portfolio consisting of US Treasuries and mortgage-backed securities, logging a loss of $1.8 billion.
BUSINESS
Non-housing loans from housing finance companies to pick up going ahead, say India Ratings
As per the agency, the growth of non- home loans of mortgage companies which was over 29 percent in FY17 has fallen to a mere 0.70 percent in the first nine months of the fiscal.
BUSINESS
Gross NPAs of banks to improve to 3.3% in FY24, says India Ratings
The ratings agency expects low net additions to continue in FY24.
BUSINESS
10-year bond yields may trade in 7.40-50% range till announcement of next borrowing calendar, say dealers
Experts see 60 percent front-loading in the first half of next financial year
BUSINESS
HDFC Bank customers take to social media to complain about digital outages
Downdetector, a platform that tracks website outages and issues, recorded a significant number of complaints from HDFC Bank customers in Mumbai, Nagpur, Hyderabad, Ahmedabad, Delhi, Kolkata, Bengaluru, and Chennai regarding disruptions on the bank's mobile and internet banking platforms.
BUSINESS
Eyeing a bigger share: SBI Capital, SPA Capital emerge as leading arrangers in the municipal bonds market since 2013
According to Prime Database, a little over Rs 4,000 crore of municipal bonds have been sold since 2013 by 15 municipal corporations.
BUSINESS
Adani Group’s overseas bond yields continue to rise since Hindenburg report
Adani Green Energy’s bond yield rose to 19.9714 percent on February 22 from 7.4802 percent on January 24, according to Bloomberg data.
BUSINESS
MPC minutes: Members unwilling to let guard down on high inflation, yet watchful on growth
The RBI cumulatively increased repo rate by 250 basis points since May, 2022.
