News

India's SBM Bank says engaging with RBI to address `supervisory concerns` SBM Bank (India) is engaging with the Reserve Bank of India (RBI) to address "supervisory concerns", the lender said in an email to a customer reviewed by Reuters, days after the regulator barred it from some transactions. The RBI, on Monday, ordered SBM Bank to stop all transactions under the liberalised remittance scheme (LRS) until further notice, citing "material supervisory concerns" but no further detail. The central bank had concerns that certain overseas mone...
India's SBM Bank says engaging with RBI to address `supervisory concerns`
India's SBM Bank says engaging with RBI to address `supervisory concerns`
Source: Reuters
25/01/2023 8:54:45 AM
Foreign investors sell $500 million of India government bonds in two days - analysts Foreign investors have sold Indian government debt worth nearly $500 million in the past two sessions, with the so-called FAR bonds bearing the brunt of a selloff that traders note is ahead of the Federal Reserve's policy decision and crucial U.S. data. These investors have net sold bonds worth 41.1 billion Indian rupees over Friday and Monday, CCIL data showed, with more than 80% accounted for by securities exempt from restrictions under a "fully accessible route" for foreig...
Foreign investors sell $500 million of India government bonds in two days - analysts
Foreign investors sell $500 million of India government bonds in two days - analysts
Source: Reuters
1/11/2022 4:23:29 PM
Bond yields fall on 10-year U.S. yield's drop below 4%, subdued oil Indian government bond yields ended lower on Tuesday as the 10-year U.S. yield eased below 4% again, while oil prices remain subdued. The focus remains on U.S. Federal Reserve as well as the Reserve Bank of India's meetings later this week. The benchmark 10-year Indian government bond yield ended at 7.3957%, after rising five basis points (bps) to 7.4454% on Monday. "U.S. yields have come off and this indicates that investors are not very worried over the Fed decision and he...
Bond yields fall on 10-year U.S. yield's drop below 4%, subdued oil
Bond yields fall on 10-year U.S. yield's drop below 4%, subdued oil
Source: Reuters
1/11/2022 4:07:00 PM
India's government, corporate bond yield spread to widen on rising supply The spread between Indian government bond yields and their corporate counterparts is expected to widen in the second half of this year, as tight liquidity and increased borrowings will push investors to demand higher returns, analysts said. "Many corporates and state-run companies that delayed borrowing will have to tap the market to fulfil their target, and with tightening liquidity conditions, yields on corporate papers are expected to see higher impact as compared to government deb...
India's government, corporate bond yield spread to widen on rising supply
India's government, corporate bond yield spread to widen on rising supply
Source: Reuters
25/10/2022 2:15:11 PM
SBM Bank India logs on to CredAvenue as platform partner SBM Bank India on Thursday announced its partnership with CredAvenue. Through the partnership, SBM Bank India along with CredAvenue, would facilitate access to funds at affordable cost for NBFCs and Fintechs serving their respective vision of financial inclusion. The partnership combines CredAvenue's power of technology to manage the complete debt lifecycle and SBM Bank India's banking prowess comprising of its diverse product range, collaborative ecosystem and global expertise in ...
SBM Bank India logs on to CredAvenue as platform partner
SBM Bank India logs on to CredAvenue as platform partner
Source: IANS
28/05/2021 9:21:27 AM