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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...- 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...
- A first since 2007: Libor cracks 5% on Fed hike outlookMuch of the recent surge in Libor, which is set to be phased out on June 30, has been driven by expectations for Fed policy tightening. Tra...
- 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...
- 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...
- Large banks gear up for transition from LIBOR to SOFRSOFR will likely be the new bellwether for Indian companies/banks pricing overseas money market/derivative deals or loans. That would repla...
- ICICI Bank executes first transaction with alternative rate“Transition from LIBOR to ARR is a critical event in financial markets,” said B. Prasanna, Group Head - Global Markets, Sales, Trading and ...
- The short road from Libor's death to `Armageddon'This would place the market in largely uncharted territory – “contractual Armageddon”.
- India readies daily benchmark gauges for rates“FBIL will start publishing the MIBOR-OIS rates with effect from 2nd April 2018,” FBIL said in a release.
- US Treasury rise: How it will impact Indian companiesThe benchmark US Treasuries hit 2.59% after its biggest overseas backer reportedly decided to cut back on its holding of the instrument,
- 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...
- Libor-like rate to help fasten policy transmission: Analysts"Hope is that external benchmark will reflect banks' marginal cost of funds and it will lead to faster transmission of policy rates," Srini...
- 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...
- Determination of 'London Interbank Offered Rate' must be above suspicionThe scandal involving the Libor, which serves as a benchmark for determining the rate of interest, has already cost Barclays dear.
- ET in the classroom: Lens on LiborThe Libor fixing scandal has put an unwelcome spotlight once again on the world of banking and highly paid bankers.
- ET in classroom: Libor LessonsBanks set their own Libor, and each day tell a central entity how much interest they estimate they would have to pay on such loans.
- Libor guardians resist changes in benchmarkThe UK bankers and regulators charged with reviewing Libor in the wake of regulatory probes are resisting calls to overhaul the rate .
- RBI asks banks to ensure companies be disallowed from borrowing more than limitsBanking regulator has recently asked banks to ensure that borrowers be disallowed from borrowing more than their fund-based limits.
- Loans make a comeback as new issuance doublesOver $369-bn loans raised till Dec 28 as PEs seek cash for buyouts & borrowers refinance part of debt.
- Libor drops, signals credit thawThe cost of borrowing in dollars in London fell for a sixth day as signs the worst of the global financial turmoil may be over made banks l...
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