IRFC will launch its tax-free bond issue, offering up to 8.30% to retail investors and 25 bps lower to institutions, in an attempt to lure retail bids.
Bank borrowings from RBI has doubled in two weeks, testing the RBI's resolve not to signal a shift in monetary stance of fighting inflation.
Micro, small and medium enterprises feel the squeeze more strongly than the biggies in an economic slowdown. They need regulatory help to sail through the troubled waters.
“May be the FIIs could have utilised the allotted limits, since they have to use up the allotted amounts by January 14,” said NS Venkatesh.
The power companies are likely to launch medium- to long-term infrastructure bonds in the first week of January to raise 3,000-5,000 crore each,
According to an RBI notification, the time limit to maintain a short position has been increased from 5 days to three months with effect from February 1, 2012.
'But going by the latest IIP data, if things don't look up, we may have to further revise our growth estimates downwards.'
IOC will raise around Rs 2,000 crore through a 5-year bond issue, targeting foreign institutional investors, people familiar with the matter said.
Banks now hold almost 5% excess statutory liquidity ratio in the form of government securities over the regulatory requirement of 24%.
Reversal in interest rates is unlikely till March end, says Pradeep Madhav, MD, STCI Primary Dealership
In an interview with ET, Madhav says a reversal in interest rates is unlikely till March end.
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