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letter to bs recent regulations may reduce bank s demand for govt bonds - Search

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letter to bs: recent regulations may reduce bank's demand for govt bonds




the recent regulations would reduce a bank’s demand for government bonds by around two per cent of aggregate deposits. while this would imply more flexibility to the financial institutions to meet the statutory requirements, the gap between the supply and demand can widen on account of the bearish...



bank recapitalisation bonds exempted from slr amount, to be non-tradable




india's bank recapitalisation bonds to state banks will be exempt from the amount lenders must set aside to buy sovereign bonds known as statutory liquidity ratio (slr), banking secretary rajeev kumar said on wednesday.also read: recap plan: govt to infuse over rs 880 bn into 20 psbs but with riders...



rbi imposes fine of rs 589 mn on icici bank for violating bond sales norms




icici bank was on thursday slapped with a rs 589-million penalty by the reserve bank of india (rbi) for selling bonds from the lender's held to maturity (htm) category. bonds in the htm category are kept for redemption at the end of maturity and are not for the purpose of trading. they cannot be sol...



investors upset as four banks recall rs 109-bn additional tier 1 bonds




with four banks recalling their additional tier 1 bonds (at1), issued as quasi-equity under basel-iii regulations, the stage is set for a slow death of these perpetual instruments. to date, rs 761.14 billion of these bonds have been issued in the local markets, including by private banks and exim ba...



lic may participate in govt's rs 2.11-lakh cr bank recapitalisation plan




however, the government has said that nature of bonds and who will issue them would be decided in the due course. in the recent rs 15,000-crore qip placement by the country's largest lender state bank of india (sbi), lic was one of the largest participants. it picked up shares worth over rs 5,800 cr...



govt seeks special dividend from rbi for bank recapitalisation




“it remains to be seen whether the central bank will have room for a special dividend,” the official said. the official quoted above said the matter, which was separate from the centre’s request for a special dividend, was still being pursued. in october, the government announced the capital i...



rbi manages to sell entire stock in friday's rs 120-bn bond auction




after seeing four of its bond auctions partially remaining unsold, the reserve bank of india (rbi) managed to sell the entire stock of its friday’s rs 120 billion auction to the market. the rbi, on behalf of the government, sold five bonds, including one fixed rate bond maturing in 2031, against w...



'safest' 8% bond not being closed; govt only replaced it with 7.75% scheme




the government savings bonds, 2003, which gave an assured return of 8 per cent a year, are to be replaced with another scheme offering lower interest rate, the union government said on tuesday, a day after coming under attack from opposition parties for discontinuing the 2003 bonds. “the 8% saving...



govt not closing 8% savings bond, economic affairs secretary clarifies




the government savings bonds, 2003, which gave an assured return of 8 per cent a year, are to be replaced with another scheme offering lower interest rate, the union government said on tuesday, a day after coming under attack from opposition parties for discontinuing the 2003 bonds. “the 8% saving...



eurobank completes successful covered bond issue | business




the issue of eurobank’s covered bonds was completed successfully on wednesday, marking the greek lender’s return to international markets for the first time since 2014.the bond’s yield ended up below 3 percent.the bank drew 500 million euros through the issue, more than twice oversubscribed, w...



hdfc bank raises rs 23 billion through issuance of rupee-denominated bonds




hdfc bank on thursday said it has raised rs 23 billion by the issuance of rupee-denominated bonds which would mature in march 2025. "we are pleased to inform you that hdfc bank has completed the issue of rs 23 billion, rupee denominated bonds (rdb)," the bank said in a bse filing today. according to...



govt says debt rollover risk will be low in next 5 years




the government's debt rollover risk in the next five years is low given the amount of domestic debt that needs to be repaid every year is an average of 5.3 per cent of its outstanding stock, it said in a report on tuesday. the rollover risks will get further mitigated through buyback or switching of...



no bank guarantees required for small exporters: govt




to give relief to small exporters, the government has decided to exempt them from furnishing bank guarantee for shipping goods and services, the finance ministry said on friday. the decision comes a day after exporters met finance minister arun jaitley for resolution of gst-related problems to boost...



four companies planning new corporate bonds issues by easter | business




the athens bourse looks set to see a revival of trading in corporate bonds for the next couple of months at least. kathimerini understands that four new bulletins were submitted to the capital markets commission last week, with the aim of raising a minimum of 100 million euros in total.sources say t...



no plan to make aadhaar mandatory for electoral bonds scheme: govt




there is no plan to make aadhaar mandatory for donors under the electoral bonds scheme, which is aimed at bringing transparency in funding of political parties, the government has informed the lok sabha. the government had notified the scheme on january 2. "there is no proposal currently to make the...



government's inflation bonds 2.0 pique interest among banks, investors




the government’s plan to reintroduce inflation-indexed bonds is being seen with some interest as previous issuances were not successful for a wide variety of reasons. the most recent case in hand was the wholesale price index (wpi)-based bonds that failed miserably in the market after inflation ra...



reserve bank of india relaxes norms for fpi investment in bonds




the reserve bank of india (rbi) on friday relaxed its april notification, which forbade fpis from investing more than 20 per cent of their portfolios in bonds issued by a single corporate group. while the regulations remained the same as mentioned in april, the central bank said fpis could carry on ...



bse, nse to launch new irf contracts offering 7.17% yield on govt bonds




leading exchanges bse and nse will launch new interest rate futures (irf) contracts offering 7.17 per cent yield on government bonds, from tomorrow. the 10-year-benchmark bonds would mature on january 8, 2028, bse and nse said in separate circulars. an irf is a contract between a buyer and a seller ...



rbi regulations create roadblocks for peer-to-peer lending companies




is non-bank lending a form of access to credit for those in need or an investment asset class for the well-to-do? that is the question that india’s central bank perhaps grappled with while framing the regulations for the nascent peer-to-peer (p2p) lending companies. while the regulations were put ...



ecb could lend support to greece by buying nbg debt | business




the european central bank could buy covered bonds issued by national bank of greece under its asset purchase scheme, providing indirect support for the greek economy, according to financial sources familiar with the matter.nbg this week sold 750 million euros of covered bonds – debt backed by coll...



icici bank raises rs 475 cr via bonds




the country's second-largest lender icici bank today said it has allotted basel iii compliant bonds worth rs 475 crore on private placement basis."the committee of the executive directors of the bank...today approved allotment of 4,750 basel iii compliant unsecured subordinated perpetual additional ...



rbi cancels sale of two bonds scheduled for friday; bonds rally




india's benchmark 10-year bond rallied on friday, sending its yield down as much as 13 basis points on the day after the reserve bank of india accepted bids for less than a third of the number of bonds being sold at the auction. the rbi did not accept any bids for the 6.84 per cent 2022 bond nor the...



big demand for opap bond at public offering | business




demand for opap bonds was more than twice the amount offered at last week’s public offering, with the gaming company allocating 200,000 common bearer bonds of 1,000 euros each for a total of 200 million euros.the total demand across the yield range from investors that participated in the offer was...



version 1 of recap bonds yet to mature




this is not the first time that recapitalisation bonds have been used by the government to help capital-starved banks. the previous bonds, going by recent budget documents, have not yet matured. the annexure of the receipts budget for 2017-18 shows the outstanding against old ‘special securities i...



idbi bank bucks trend in weak market; zooms 51% in one month




idbi bank hit a fresh 52-week high of rs 91.50, up 14% on the national stock exchange (nse) in intra-day trade, extending its past one month rally, after the credit rating agencies revised the upwards outlook of the bank to stable from negative. in past one month, the stock of state-owned bank has z...