Page 12 - Anup Roy

BS Policy poll: Pause for sure, liquidity to be back in focus at RBI

The apex bank would still like to drain out some liquidity while managing yields through OMO or operation twist, to fend off inflation, especially when rate hikes seem distant

Continuum green bond issue shows global players vying for India infra pie

Continuum Wind Energy's six-year bond of $560 mn got over $3 bn pre-order bids on opening in US. Initial price guidance was 4.875%, issue rate could be as low as 4.5%

Revenue expenditure to decline 8.6% in FY22, show Budget documents

Small savings, which will chip in a record Rs 4.8 trillion, breathe life into stimulus

Budget calls for creating permanent framework for buying corporate bonds

Dealers say unless retail investors are attracted, nothing much can happen in the space

Budget 2021: Govt's bank privatisation plan, bond market reaction, and more

In this podcast, we discussed the key announcements made by the finance minister about bank privatisation, asset reconstruction company and how bond market seeing the budget, why yields are rising

Govt to borrow Rs 12 trn from markets in FY22, extra Rs 80,000 cr this year

Pegs fiscal deficit at 9.5% of GDP this fiscal, 6.8% the next; 10-year bond yields jump past 6% to trade at 6.09% at 12:30pm

Govt to privatise two PSBs and insurance firms, LIC IPO slated for FY22

Asset reconstruction company to take over all stressed assets from bank books, manage it before selling it further to private parties such as distressed assets funds

ReNew Power to raise $460 mn in green bonds to finance domestic debt

ReNew Power this way gets shielded from exchange rate volatility, while the FPI hedges its exposure

Eco Survey suggests end to forbearance, another asset quality review round

Severely criticises RBI for not being able to unearth full extent of bad debt mess in banks in previous AQR round

AT1 bonds back as preferred avenue for PSBs to raise capital

Private banks stick to equity capital; fund-raising spree driven by RBI's call for adequate capitalisation

RBI says it will charge banks if they do not improve customer grievance

To operationalize the cost-recovery framework for banks, peer groups based on the asset size of banks as on March 31 of the previous year will be identified

Canara Bank Q3 net down 9% to Rs 696 cr due to higher provisioning

Gross NPAs drop 236 bps to 7.46%, net NPAs down 298 bps to 2.64%

Banks in India ready for transition, but the world still loves Libor

Libor era ends this year, and banks across the globe will have to shift to an alternative rate. Two popular choices available only have a few swap deals linked to them

Economy getting over pandemic, growth headed for 'glorious summer': RBI

Labour market conditions are improving with a gradual pick up in employment, says central bank in January Bulletin

RBI withdraws circulars on recovering excess payments made to pensioners

Pensioners had complained that the 'recovery of excess /wrong pension payments' was being done in violation of guidelines and court orders

Treasury bill yields start inching higher on liquidity normalisation

RBI last week stepped into normalise its ultra-loose liquidity policy by introducing a Rs 2 trillion 14-day reverse repo auction.

RBI to crack whip on recovery agents, calls for restricting messaging apps

Digital lending apps extend small amounts at exorbitant rates. Payment delays invite messages to customer or close family members, often with sensitive information such as Aadhaar and PAN Card scans

Short-term interest rates increase 25-30 basis points, shows data

The reason why short-term rates have spiked is liquidity normalisation

No choice but to build reserves despite US monitoring list : RBI Governor

The US Treasury in December included India in the currency manipulator watchlist with nine others for one-sided intervention preventing rupee appreciation

Inflation finally in target range, but RBI may still not cut rates: Experts

Bond market is not factoring in a rate cut in February policy either