[ad_1] Life insurance giant LIC has requested the Reserve Bank to introduce long-term government bonds, including 100-year paper as well, a top official said on Tuesday. Siddhartha Mohanty, Managing Director and Chief Executive of LIC, said the insurer sells whole life policies, which need investments in long-term bonds. The RBI has been giving permission to […]
RBI rate cut expected to benefit government fiscal but reduce returns for savers – CNBC TV18
[ad_1] The government’s borrowing costs are set to soften following the Reserve Bank of India’s (RBI) anticipated rate cut, government officials said. Somewhat lower interest rates are also likely for small savings schemes and bank deposits, as and how the savings instruments come up for renewals or a rate revision, officials indicate. Company Value Change […]
Indian state-run firms set to issue long term bonds to meet investor demand – CNBC TV18
[ad_1] Indian state-run companies are poised to raise about 50 billion rupees ($595.61 million) through long-term securities over the next two weeks, as falling government bond yields and reduced state debt supply leave investors starved for opportunities. At least four state-run firms—THDC India, NHPC, India Infrastructure Finance, and Indian Renewable Energy Development Agency — which […]
RBI’s draft proposal on liquidity norms: How this will impact bank funds and digital deposits – CNBC TV18
[ad_1] The Reserve Bank of India (RBI) released draft norms on July 25, outlining new liquidity standards under the Basel III framework. The new regulations suggest that banks will need to apply additional risk weightings to deposits made through internet and mobile banking (IMB). Specifically, deposits will be categorised with risk weights of 5%, 10%, […]