The alarming increase in bad loans from infrastructure was partly responsible for restructuring of bank loanks. B Sriram, Managing Director, State Bank of Bikaner & Jaipur, which saw a fall in its profits in the quarter ending December,
Tag: Corporate bond
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RBI simplifies norms on foreign investment in bonds
The Reserve Bank of India (RBI) has simplified investment norms for foreign investors in the bond market. Earlier, there was a restriction that foreign investors can invest a maximum of $10 billion in treasury bills. Now, the central bank prescribed a overall cap of $25 billion on investment in government bonds, including both long- and short
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Bond issues may rise in coming days
Media reports suggest that the number of manufacturing companies issuing bonds in the local market may rise in the coming days. Industry sources feel that companies are waiting for yields on corporate
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RBI deputy chief for widening investor base in bonds
HR Khan, Deputy Governor, Reserve Bank of India (RBI) called for steps to encourage insurance companies, pension funds, provident funds, and other institutional investors to invest in bonds issued by infrastructure firms. Presently, the insurance and pension funds are legally required to invest a substantial proportion of their fund
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RBI takes steps to develop corp bond market
Reserve Bank of India (RBI) has taken two key steps to develop corporate bond market in the country. One among them is that these bonds are made eligible for repo (repurchase agreements) transactions in the money market. The repo deals can be struck on commercial pape
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Corporate bond issue declines sharply
Fresh bond issuance by companies has dwindled sharply in the last few months because issuers are delaying their fund raising plan expecting Reserve Bank of India (RBI) to cut policy rate going forward.Also, expectation of tax-free bonds flooding the markets from November has also reduced fresh issuance by companie
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Shriram to raise Rs 1k cr
Shriram Transport Finance will raise Rs 500 crore through debentures with a greenshoe option of Rs 500 crore. The tenure of the bond will be 3-5 years.
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Shriram to raise Rs 1k cr
Shriram Transport Finance will raise Rs 500 crore through debentures with a greenshoe option of Rs 500 crore. The tenure of the bond will be 3-5 years.