MYSTERIOUS: Rbi - What They Never Told You

ETMarkets Smart Talk: Bond yields may rise further over the next few months; avoid aggressive duration and credit bets: Suyash Choudhary

In this episode of ETMarkets Smart Talk, Suyash Choudhary, CIO–Fixed Income at Bandhan AMC, explains why Indian bond yields could rise further over the next few months and why investors should avoid aggressive bets on duration and credit risk.

The Economic Times · 15h ago

Yes Bank AT-1 bonds: Who will examine administrator's role?

The Supreme Court struck down Yes Bank’s Rs 8,415 crore AT-1 bond write-down as unlawful. The judgment raises questions over the administrator’s conduct and RBI’s role in examining accountability under the applicable legal framework.

The Economic Times · Oct 26

SBI's Setty sees 50 bps more rate hikes, says retail loan quality unlikely to suffer

State Bank of India chairman CS Setty noted that upcoming rate hikes could affect discretionary consumption demand. He highlighted that retail asset quality is expected to remain stable at the system level. Setty indicated a projected 0.50 percent rate hike in December, followed by a pause in February. Additionally, he…

The Economic Times · Oct 26

The Bond who came back from the dead: The risky world of AT1 bonds

Yes Bank AT1 bonds are back in the spotlight after the Supreme Court upheld the ruling invalidating their ₹8,415-crore write-off during the 2020 rescue. The verdict raises questions about investor protection, regulatory powers, unpaid coupons and the bank’s capital position. From Credit Suisse to India, the AT1 bond controversy exposes…

The Economic Times · Oct 23

Jio Platforms' IPO-linked inflows boost rupee; elevated oil prices spur caution

The Indian rupee experienced a notable increase as Jio Platforms' IPO attracted significant foreign investments. Despite this strength, rising oil prices raised concerns among traders about the rupee's sustainability. The rupee closed at 94.46 against the dollar, with earlier gains trimmed by higher Brent crude oil prices. Analysts suggest that…

The Economic Times · Oct 21

Pivot to Privatisation 2.0: Why IDBI Bank’s sale should rev up India’s push to privatise remaining non-strategic PSBs and PSUs

Last week, the Cabinet Committee on Economic Affairs approved the sale of IDBI Bank's majority stake. The stake, held by the Government of India and LIC, will be sold to Fairfax Financial Holdings Ltd. This decision is part of the ongoing privatisation programme aimed at modernising the Indian economy.

The Economic Times · Oct 18

Sumitomo-backed Yes Bank pegs AT1 bond verdict hit at Rs 5,217 crore

Yes Bank's reported profit for the September quarter could have turned into a loss due to the AT1 bond ruling. The bank's CET-1 ratio would drop significantly if the Supreme Court's decision is fully implemented. Investors are concerned as mutual funds pause investments in the bank's AT1 bonds. Yes Bank…

The Economic Times · Oct 18

Mutual funds bar fresh investments in Gold ETF FoFs. What are the rules for existing SIP investors?

Seventeen mutual fund houses have temporarily restricted fresh investments in specified gold exchange-traded fund-of-funds (FoFs), including lumpsum contributions, new SIPs and switch-ins. Existing SIPs and redemptions generally remain permitted, subject to scheme-specific conditions.

The Economic Times · Oct 16

RBI to continue efforts to curb rupee volatility; external factors driving currency fall: FM

Finance Minister Nirmala Sitharaman mentioned the Reserve Bank of India’s ongoing efforts to stabilize the rupee's value. She noted that the rupee has significantly depreciated due to global uncertainties, despite India's strong economic fundamentals. Sitharaman highlighted recent measures by the RBI that helped the rupee appreciate temporarily in value. She…

The Economic Times · Oct 13

Rule out V-shaped recovery, markets can fall more, says PL Capital with Nifty 12-month target at 27,589

PL Capital remains cautious on the Nifty after its eight-week losing streak, ruling out a quick V-shaped recovery. The brokerage has trimmed earnings estimates but sees valuation comfort in largecaps, while flagging inflation, FII outflows and demand risks.

The Economic Times · Oct 13