Vedanta Resources seeks $200 million loan top-up after $350 million deal earlier this yearVedanta Resources is looking to boost its existing $350 million loan by at least $200 million. The company is in talks with Sumitomo Mitsui...
18 Apr, 2026, 12.42 AM IST
India changes time for release of key overnight benchmark rateFinancial Benchmark India has shifted the publication time of the Mumbai Interbank Offer Rate (MIBOR) to 12:45 p.m. IST, effective August 4...
21 Jul, 2025, 11.45 AM IST
RBI asks banks to ensure complete move away from LIBOR by JulyThe complete transition from LIBOR is a significant event in the global financial markets which requires continued attention from all stake...
13 May, 2023, 10.26 AM IST
RBI asks banks to ensure complete transition from LIBOR by JulyThe Reserve Bank of India said banks should ensure no new transactions are linked to LIBOR or the local equivalent - the Mumbai Interbank F...
12 May, 2023, 07.12 PM IST
Libor switchover for loan disputes & defaults may be a snag for banksAfter allegations of manipulation and collusion by big global banks, the end of Libor began in 2017, with 2023 decided as the last year in ...
23 Mar, 2023, 08.29 AM IST
IOC invites bids to raise $600 million SOFR-linked syndicated loanIndia's largest oil refiner and fuel retailer will raise the loan in four tranches with maturities ranging from 1.7 to 2.5 years as per the...
12 Feb, 2022, 08.45 AM IST
SBI set to embrace new benchmarks in LIBOR transition“LIBOR Transition is a significant financial event for international financial markets,” said Ashwini Kumar Tewari, Managing Director (Inte...
30 Dec, 2021, 02.15 PM IST
Libor limbers up for 'Y2K' walk into a $265 trillion sunsetY2K in the end saw few major incidents but regulators are taking no chances with Libor, with banks busy testing their systems.
13 Dec, 2021, 12.54 PM IST
LIBOR is dying, but markets not ready to let it goThe London Interbank Offered Rate or Libor, once dubbed the world's most important number, will be replaced at the end of December with "ri...
10 May, 2021, 11.53 PM IST
New US credit benchmarks gain traction as Libor deadline approachesInvestors are facing a year-end deadline to stop basing new loans and trades on Libor, an acronym for the London Interbank Offered Rate.
26 Apr, 2021, 02.07 PM IST
BSE gets nod to launch interest rates futures on overnight MIBORMIBOR rate is based on trade-weighted interbank call money transactions on the Negotiated Dealing System call platform of CCIL between 9 am...
27 Mar, 2019, 10.21 PM IST
Shaken by London Interbank Offered Rate scam, India to tweak key rate in JulyA month from now, Indian banks and bond houses will start dealing with a new Mibor that regulators believe would be less prone to bias or m...
18 Jun, 2015, 06.21 AM IST
At UBS, rate manipulators called each other 'Superman', 'Hero'The London Interbank Offered Rate and the Euro Interbank Offered Rate are benchmark reference rates used in both the UK and international f...
19 Dec, 2012, 02.19 PM IST
RBI comfortable with India's current bank liquidity, says Subir GokarnRBI, Gokarn added, would take note of emergence of "signs of stress, particularly if they are likely to be persistent.
10 Sep, 2012, 03.37 PM IST
- Determination of 'London Interbank Offered Rate' must be above suspicion
The scandal involving the Libor, which serves as a benchmark for determining the rate of interest, has already cost Barclays dear.
05 Jul, 2012, 06.21 AM IST
- ET in the classroom: Lens on Libor
The Libor fixing scandal has put an unwelcome spotlight once again on the world of banking and highly paid bankers.
04 Jul, 2012, 05.28 AM IST
- ET in classroom: Libor Lessons
Banks set their own Libor, and each day tell a central entity how much interest they estimate they would have to pay on such loans.
30 Jun, 2012, 02.00 AM IST