Commercial Papers

RBI permits balances in Special Rupee Vostro Account to invest in corporate bonds, commercial papers

The RBI’s Monetary Policy Committee (MPC) decided to keep the benchmark repo rate unchanged at 5.5 percent on October 1, second time in a row.

Short-term debt gets cheaper due to higher surplus systemic liquidity

Yield on commercial papers (CP) and certificates of deposit (CD) reduced by 30-45 basis points (Bps) in May.

IFSCA likely to issue norms for listing CPs, CDs in GIFT City in 3 weeks

Earlier this month, IFSCA issued sought comments and suggestions from the stakeholders on the draft circular on listing of commercial papers and certificates of deposits on GIFT City

RBI Bulletin | Lagging deposit growth push banks to raise huge funds from CDs

CP issuances also increased to Rs 4.86 lakh crore during 2024-25 (up to July 31), surpassing Rs 4.72 lakh crore in the corresponding period of the previous year, driven by NBFCs’ higher borrowings in the CP market.

CP, CD yields ease 25-30 bps in a month as banking system sees surplus liquidity

The liquidity in the banking system, which was in the deficit mode for the so long has started getting in to surplus mode since June 27 due to government spending.

CP issuances in June surge to highest so far in 2024, shows data

Amid tight liquidity in the banking system, banks have raised Rs 1.50 lakh crore in June.

Yield on short-term debt instruments falls up to 20 bps on easing liquidity conditions

So far in this month, the central bank conducted seven VRRR auctions to remove excess surplus liquidity from the banking system.

Commercial paper yield rises to over 5-year high, near IL&FS crisis level

The yield traded at 8.40 percent on January 18 as liquidity in the banking system remained tight.

CP yields rise 5-15 bps in one week as liquidity deficit widens

Yield on papers issued by non-banking finance companies maturing in three months rose to 8.20-8.50 percent this week from 8.10-8.30 percent last week, and those on manufacturing companies’ papers rose to 7.70-7.90 percent, from 7.65-7.75 percent.

Corporate bonds, commercial paper issued in October fell to lowest level in 2023

The yield on corporate bonds across maturities rose 8-18 basis points during the month.