The parties most affected by the regulatory impasse are French and German banks with trading operations here. These are Credit Agricole, BN...

The RBI may shift to a new benchmark for interest rate derivatives, the secured overnight rupee rate (SORR). Market participants suggest la...

The MIBOR, in turn, is used as a benchmark or reference for derivative products such as interest rate swaps, forward rate agreements and te...

The proposal for local banks to carry out third-party clearing for the European banks comes on the back of a decision by the European Secur...

ET has seen a document dated February 13 that showed the General Secretariat of the Council of the European Union has sent two proposals to...

The continuation of a 14-month tussle with the RBI regarding the oversight of Clearing Corp of India (CCIL) will likely put French and Germ...

Days after the Reserve Bank of India (RBI) and the Bank of England (BoE) reached an agreement on cooperation regarding the Clearing Corpora...

The establishment of a derivatives trading platform by the Clearing Corporation of India (CCIL) in 2015 has played a large role in bringing...

Every 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...

Banks’s reluctance to promote this platform invited the ire of the RBI last month.

MIBOR rate is based on trade-weighted interbank call money transactions on the Negotiated Dealing System call platform of CCIL between 9 am...

Sale of non-core assets are central to the bank’s strategy which aims to garner around Rs 5,000 crore.

The FBIL also proposes to take over administration of forex benchmarks and other Indian Rupee interest rate benchmarks over a period of tim...

Tight liquidity, despite the Reserve Bank of India's emergency easing measures, is manifesting itself in higher borrowing costs for corpora...

Bond dealers have made a neat profit over the past few days by arbitraging between the money market and the RBI's reverse repo facility.

Banks borrow from clearing corp at sub-1% and lend to RBI at 3.5% using reverse repo route.

Bonds traded rangebound with the yield on the new 10-year benchmark ending at 5.85% and the old benchmark ending at 6.16%.