ICICI Financial institution introduces deposit-linked mortgage and buck bonds for NRIs

ICICI Financial institution has introduced two new products– Mortgage In opposition to Deposits (LAD) and Greenback Bonds– for NRI consumers at its department in GIFT Town, the Gujarat-based rising world monetary and IT services and products hub. ICICI Financial institution is the primary financial institution to supply those merchandise in GIFT Town. “Foreign currencies bonds … Read more

Bond yields upward thrust forward of expected RBI price hike

Indian executive bond yields ended upper on Monday as buyers braced for any other competitive price hike from the Reserve Financial institution of India later within the week, even because the benchmark bond yield dipped amid brief overlaying from buyers. The benchmark Indian 10-year executive bond yield ended at 7.3781%, after remaining at a two-month … Read more

Canara Financial institution raises ₹2,000 crore in AT1 bonds

Mumbai: State-owned Canara Financial institution on Thursday stated it has raised ₹2,000 crore in Basel III-compliant further tier I (AT 1) bonds, at a discount price of seven.99% in keeping with annum. The cutoff of seven.99% for ₹2,000 crore of AT-I bonds issuance is 25 foundation issues (bps) less than the cutoff of 8.24% for … Read more

NBFC, banks to promote bonds price greater than ₹30,000 crore this week

Bonds price over ₹30,000 crore issued by way of banks and non- banking monetary firms (NBFCs) are set to hit the marketplace later this week, as they search to lift finances at decrease rates of interest forward of a imaginable charge hike this month, in step with two funding bankers. A majority of the bonds … Read more

Banks more likely to publish treasury losses of ₹10,400-13,000 crore in Q1, says Icra

MUMBAI: Icra Scores on Tuesday stated mark-to-market losses on bond portfolios of banks are anticipated to be within the vary of ₹10,400-13,000 crore within the June quarter because of emerging bond yields. On a segregated foundation, this might imply mark-to-market losses of ₹8,000-10,000 crore for public sector banks, and ₹2,400-3,000 crore for personal lenders within … Read more