Here's a selection of Business Standard opinion pieces for the day
The liquidity scare faced by the non-bank financial companies (NBFC) have eased somewhat, but even there, well rated companies are the beneficiaries who have started issuing debt papers in larger numb
Financial companies are also lining up equity issuances, and some dollar bond issuances are planned as well. In domestic markets, gold loan companies are also getting active in raising bonds
The yield on the 6.18 per cent 2024 bond fell 26 basis points to 5.48 per cent.
The first TLTRO facility took place on March 27, and so far Rs 1 trillion has already been deployed.
Market regulator likely to relax 20% cap on MF borrowing
According to him, interest rates will go down further, but banks must pass them on to companies.
Yields spike amid FII selling in short-term bond market
While liquidity played a role, banks' reluctance to lend due to risk aversion and tightened group borrower exposure limits are pushing firms to the corporate bond market space, say experts
The Sebi chief said that the fragmented yield curve is a fundamental problem in the Indian bond market
Both banks and India Inc have incentives to stop the creation of a bond market
It would be prudent to bring more transparency before they grow so big that migration to exchanges becomes difficult
According to the new directive, a maximum of 12 fresh debt securities would be issued in a year
2016-17 saw 26% growth in number of trades and 44% growth in volumes
With reference to "Changing lending landscape" (August 29), the Reserve Bank of India's (RBI) move to develop a robust corporate bond market is in line with the international banking trends. A strong and deep bond market will hasten the process of disintermediation (read corporates ignoring lenders). That would be tantamount to an indirect admission by lenders that they do not have the skill set to vet corporate loan proposals. It has taken more than 40 years for the RBI and Indian lenders to realise that they lack appraisal and follow-up skills in corporate lending and that the time has come to develop a vibrant bond market. Over time, lenders have been experimenting with their credit portfolio. Some banks had 30-70 per cent exposure to corporate/retail sectors. Some others experimented with the reverse exposure. That amply proves that lenders have not been able to realise their strengths and adopted a trial-and-error method. That has cost them in terms of a huge pile-up of bad assets
RBI in May suggested banks should cut lending to highly leveraged companies and force them to tap the bond market route instead