Borrowings

Sales in the fiscal year starting April 1, 2025, are likely to be higher on redemption of debt issued during the Covid years

Vedanta Resources pays $400 million debt, borrowings down to $6.4 billion

CreditSights, a Fitch Group firm, had last week stated that it saw lower refinancing risk for Vedanta Resources Ltd's (VRL) near-term debt maturities on a new USD 850 million loan refinancing.

Rupee, bond trade flat ahead of key Budget announcements

Analysts expect that the overall focus will continue on the growth agenda through higher capex allocation that will accelerate the investment cycle and employment.

Central govt's borrowings may touch Rs 14.8 lakh crore and states' Rs 24.4 lakh crore in FY24: Icra

Icra Ratings anticipated that higher redemptions will lead to gross market borrowings of the Centre and states to rise to Rs 14.8 lakh crore and Rs 24.4 lakh crore, respectively, in FY24 from Rs 14.1 lakh crore and Rs 22.1 lakh crore, respectively, in FY2023.

States borrowing cost continues to fall, down 6 bps to 7.46%

Since the outbreak of Covid, states were borrowing much lower than indicated amount thanks to higher grants from the central government.

Centre relaxes norms for adjusting states' off-budget borrowings

India Ratings & Research Chief Economist DK Pant said adjustment of off-budget borrowing of FY21 and FY22 would have resulted in severe resource crunch for few states. Decision of deferring adjustment of off-balance sheet borrowing of the state where debt servicing is being done through state budget is a good decision.

10-year government bond yield rises to 33-month high

In the first half of the fiscal year 2023, the government plans to borrow a gross Rs 8.45 trillion, which amounts to 59% of the target for the full year

Crude, resurgence of bond supply may push India’s 10-year bond yield up

Bond yields may rise again as global crude oil prices pose a risk to the inflation outlook

GST Council meeting on October 12: Deadlock over borrowing options expected to be resolved

In August, the Centre had proposed two options to states, to either borrow Rs 97,000 crore (on account of GST implementation) through a special window facilitated by the RBI or to borrow the complete shortfall of Rs 2.35 lakh crore (including Rs 1.38 lakh crore due to COVID) from the market

COVID-19 forces government to rejig borrowing plan, hikes it to Rs 12 lakh crore

The government has also increased the weekly borrowing target to Rs 30,000 crore from Rs 21,000 crore fixed on March 31.

Govt to borrow Rs 3.72 lakh crore in April-September period

The government will borrow Rs 3.72 lakh crore or 64 percent or total annual gross borrowing during April-September in 2017-18.

Each one of us owes debt of Rs 54,000. Here's how

According to a Finance Ministry report, per capita debt (calaculated on basis of Union Government debt) is at Rs 53,796 as on March 31, 2016, as against Rs 49,270 on March 31, 2015.

India Inc raises $2.8 bn in foreign borrowings in December

In the same month a year ago (December 2015), the foreign borrowings by Indian firms were at USD 3.03 billion.

SBI planning to raise Rs 5,000 crore via infra bonds: Report

In a report in the Economic Times, the bank is in the preliminary stage, but is hoping to raise funds in the third quarter of the ongoing fiscal.

Muthoot Finance to raise Rs 500 crore via NCDs in November

The proposal to raise money through the pubic issue of debt securities was taken at the company's annual general meeting held on September 29 at Kochi, the company said in a statement.

Budget 2016: Nomura sees service tax hike to 16%; FY17 borrowing Rs 4.8 lk cr

In an interview to CNBC-TV18, Sonal Varma, Executive Director and India Economist, Nomura says she expects the subsidy bill to be flat and will be watching the composition of expenditure.

'New base rate computation method can hit banks' profits'

If the draft RBI guidelines are implemented in its current form, it may have a significant impact on profits of banks because return on assets (RoA) will fall by 20 basis points in fiscal year 2017, says Pawan Agrawal, chief analytical officer at Crisil Ratings

Banks can borrow from foriegn institutions without RBI nod

Easing norms for accessing foreign funds, RBI on Thursday allowed banks to borrow from international financial institutions for general banking business without seeking its permission.

Rail Budget 2015: Plan Budget up 52%; railways to tap insurers, pension funds

Railways will create new vehicles to crowd in investment from long-term institutional investors and other partners, Prabhu said in his Budget speech

Budget 2015-16: 7 things Nomura expects in Jaitley‘s first full year Budget

Kick-starting public investment in infrastructure and incentives for Prime Minister Modi‘s medium-term initiatives such as Make in India and Digital India are likely to be the highlights, feels Nomura

IOC asks govt to compensate for interest on borrowings

State-owned fuel retailers sell diesel, domestic LPG and kerosene at government controlled rates which are way below the cost. The difference is met through a combination of assistance from upstream firms like ONGC and government cash subsidy.

RBI sets rules for banks to swap offshore borrowings

It said despite the swaps being for the entire tenor of the borrowing, the rate shall be reset after every one year from the date of the swap at 100 bps lower than the prevailing market rate, at the time of reset.

Lending rate hike likely; NPLs to dip in H2FY14: M&M Fin

In an interview to CNBC-TV18, Ramesh Iyer, Managing Director of M&M Financial Services speaks about the impact of Reserve Bank of India's (RBI) tightening measures on rupee which has also impacted the wholesale rates.

Rupee may depreciate beyond 55 in near-term: Goldman

The rupee may depreciate beyond 55 level in the near term as the Budget for 2013-14 has no major proposals to cut current account deficit and risks of rise in net borrowings have increased, Goldman Sachs has said.

Budget Analysis: Bond mrkts may face liquidity crunch in March, says Nomura

Neeraj Gambhir of Nomura India, says that the market was expecting a gross borrowing figure of Rs 5.75-6 lakh crore but the figure of Rs 6.3 lakh crore was much higher than market expectation.