It comes after RBI's revised framework for the derivative instrument
The mechanism will help deter possible market abuse and fraudulent transactions, and ensure appropriate escalation and reporting provisions
In an interview to CNBC-TV18, Suyash Choudhary, Head of Fixed Income, IDFC Mutual Fund spoke about the lifeline from Reserve Bank of India and expected liquidity crunch.
United Bank of India put up a poor show in its Q4 earnings. Thanks to the rise in bad loans. However, the bank CMD Archana Bhargava is confident of bringing stress assets down in the coming quarters.
VIP Industries, one of the biggest luggage makers had recently launched new product in its line up. Generally, April-May-June quarter is the most important quarter for the company.
Mecklai graph of the day: In an unpredictable global environment, dark cloud looms over UK as it is staring at triple–dip recession in five years.
RBI on Monday added a few more investors friendly measures to revive the corporate debt market in India. The central bank allowed three more instruments including CPs, CDs and NCDs of less than one year; to qualify as collateral for undertaking repo auction route in corporate debt market.
Market regulator SEBI today allowed mutual funds to participate in Credit Default Swap (CDS) transactions, which allow business entities to hedge risks associated with the bonds market.
Mecklai graph of the day: The cost of insuring against default on Spanish sovereign bonds rose to a record high as the nation‘s banking crisis deepened amid banks are unable to access money market.