IDBI Bank to raise Rs 1,500 crore via bondsLast month, Parliament approved Rs 9,300 crore capital infusion in IDBI Bank.
Recap bonds: Will it bring relief to bond market?"Bond yields could dip a few basis points, as non-SLR status for recapitalization bonds is good news for the market that has been bleeding ...
Larger PSU banks to get bigger pie of recap bonds: FitchLok Sabha gave its approval for Rs 80,000 crore recapitalisation bonds for strengthening PSBs.
Govt gets Lok Sabha approval for Rs 80,000 crore PSBs recapitalisation; FM Jaitley promises more reformsNon-performing assets (NPAs) of state-run banks spiked to Rs 6.9 lakh crore at the end of September 2017 from Rs 2.67 lakh crore at the end...
FIIs will continue to hold the bonds, domestic investors are selling: Vivek Rajpal, Nomura India“Currency markets care about growth prospects and there is optimism on the growth front," says Rajpal.
Extra spending on fertilisers comes as a surprise: Saugata Bhattacharya, Axis Bank“If the extra spending goes towards speeding up the rural economy a little bit, it might be worth it.”
'Governance reform' must to receive government capital, says RBI Governor Urjit PatelPatel’s message comes at a time when PSBs are struggling to recover dues from defaulters and their stressed loans have surged to a record h...
NBFCs borrowing from bond street to feel heatThe rates for those bank dependent ones, like L&T Finance, would ease helping their profitability.
Bank recapitalisation plan to push GDP growth to 7% in FY19: ReportThe government recently unveiled a Rs 2.1 lakh crore, (representing 1.2 per cent of GDP), recapitalisation package for public sector lender...
Are Recap bonds weakening debt market sentiment?Bond buyers believe that the sheer size of the government's proposed sale of debt paper may kill the market’s appetite.
Moody's hails government's move on capital support to banksFor the 11 rated public sector banks, Moody's estimates that their external capital requirements over the next two years would be around Rs...
Recap bond scheme to be ready in a few weeks: Subhash Garg, Economic Affairs Secretary“The recapitalisation takes care of both the provisioning as well as the funding requirement of the banks.”
Banks can do write-offs, and still lend and grow: S Krishna Kumar, Sundaram Mutual FundGovt will infuse capital that shores up the bank's networth and the bank will invest that money into recapitalisation bonds
Banks can do write-offs, and still lend and grow: S Krishna Kumar, Sundaram Mutual FundGovt will infuse capital that shores up the bank's networth and the bank will invest that money into recapitalisation bonds
Recap bonds will shore up networth of PSU banksThe government gives money to banks, which credit the sum on their balance sheet.
Bond market could shrink on recap bondsThe benchmark bond yield may rise about five basis points in a few days pulling prices down, dealers said.
- Call rates range-bound
Rates on the inter-bank call market ended the day slightly lower in a range of 7.90-8.10%.