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Ease of movement of funds on digital platforms and deployment of money by businesses from current accounts also played a role in pruning the share of CASA money
Natural resources group has debt servicing obligations of about $3 bn
Sebi told reporters that chosen debt MFs will contribute 2 basis points of their assets under management towards the fund
Tighter liquidity conditions have resulted in sharp rise in money market rates
The European banking index, initially rose following the intervention, but was virtually flat by 1130 GMT
Reliance on short-term funding increases as bank borrowings average Rs 4.2 trn
Central bank expected to conduct more variable rate repos towards end of financial year
Earlier this week, state-run financial institution NABARD raised three-month funds at 7.65%, which was over 40 basis points higher than what it paid for a similar paper a month ago
Around a year ago, the yield on the 10-year bond was more than 220 bps higher than that on the 364-day T-bill
Future scenario hinges on forex market, govt spending, credit growth
Adani has rejected the concerns in detailed rebuttals of the Hindenburg report's allegations and criticism that it had unsustainable debt
Most of some $8 billion of Adani firms' outstanding bonds fell below the 70 cents on the dollar mark - which is seen as distressed territory - after the Hindenburg report
The MPC's optimistic growth outlook for H2 FY2024 augurs well for the credit demand for the banking sector as well as the lenders, said Karthik Srinivasan of Icra
Suggest green masala bond to attract foreign investors
Credit growth in the system has touched a decade high, a level seen last in 2011
Corporates have traditionally preferred raising funds via private placements due to its ease, shorter execution time, and lower costs overall
This year, the Indian regulator, spurred by fraud and malpractice instances in the fintech lending space, stepped up its oversight to regulate it through a series of guidelines
Banks have made a beeline to increase rates on their deposits as liquidity in the system has tightened and the credit growth in the system has remained consistently high
Consider laddering to ensure liquidity and to avoid reinvestment risk