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MIBOR BENCHMARK
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...
RBI introduces new interest rate benchmarkThe Reserve Bank of India (RBI) is launching a new interest rate benchmark, the Secured Overnight Rupee Rate (SORR), to better reflect mone...
RBI to introduce new interest rate benchmark SORR to improve credibilityRBI introduces SORR as the new interest rate benchmark, replacing MIBOR. SORR will be based on secured money markets (basket repo and TREP)...
New benchmark may need new trading platformThe RBI may shift to a new benchmark for interest rate derivatives, the secured overnight rupee rate (SORR). Market participants suggest la...
RBI releases report calling for changing MIBOR methodology, launch of new benchmarkThe Reserve Bank of India on Tuesday released a report recommending changes in methodology of the Mumbai Interbank Outright Rate (MIBOR) wh...
Framework in the works for integrity of benchmarksThe framework will cover the administration of all benchmarks related to foreign exchange, interest rates, money markets and government sec...
MIBOR anyone? Something is not okay hereEvery morning, MIBOR is calculated on the basis of traded rates of a dozen banks in the first hour of the market. But as the day progresses...
Should you take loans linked to benchmarks other than repo rate? Which banks offer these?According to the RBI Monetary Policy Report, 36 banks out of 62 banks have adopted repo rate as an external benchmark whereas six banks hav...
Allahabad Bank lowers external benchmark-linked loan pricingThe Asset Liability Management Committee (ALCO) of Allahabad Bank on Saturday announced a cut of up to 40 basis points in interest rate on ...
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...
NSE launches futures on overnight call rateMibor (Mumbai Inter-Bank Offer Rate) is the interest rate at which banks borrow from another for short term purposes.
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.
Financial Benchmarks India Pvt Ltd to begin setting overnight benchmark ratesThe FBIL also proposes to take over administration of forex benchmarks and other Indian Rupee interest rate benchmarks over a period of tim...
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...
RBI to allow greater flexibility in securities' pricing“It has been decided in consultation with the Government of India to introduce greater flexibility in the pricing of instruments/securities...
RBI to check benchmark rates?RBI has asked the government to amend laws to empower the central bank with powers to regulate benchmark rates.
- Rate-fixing scam forces NSE, dealers to find ways to improve rate calculation method
Last year, RBI came out with a cryptic communique, the implications of which were lost beyond the money markets of Nariman Point, Bandra.
- Cos now caught in bond-linked rate trap
Corporates and banks have once again burnt their fingers betting on interest rates by linking their cost of borrowing to bond indices.
- Gilt edge: G-sec rally lifts income funds to year's high
While equity schemes have been hogging the limelight over the last couple of months, investors in income schemes too have not done badly ei...
- Banks discontinue Mibor loans to shore up margins
With interest rate going up, banks have completely stopped one of the widely used corporate loan products.