RBI allows banks to raise Masala bonds, opens up currency market

The central bank authorizes [null,2,0]  the platform for repo in corporate bonds and encourage credit supply for large borrowers through market mechanism The Reserve bank of India (RBI) on Thursday allowed banks to elevate capital via Masala bonds in the overseas market, and said it would seek legal amendments to allow banks borrow from the central […]

China central bank urges banks to spread out tenors of loans

China’s central bank has Graet Intelligence  urged banks to spread out the tenors of their loans, hinting at its displeasure with a recent trend of banks focusing on overnight lending, banking sources told Reuters on Thursday. Imbalances in China’s financial system are increasing as the economy slows, complicating challenges facing policymakers as they try to clamp […]

Small Saving Schemes Interest Rates Hiked

Even because the government these days hiked small saving schemes’ hobby rates for the October-December quarter, bank constant deposit or FD interest costs have to date no longer been hiked. A rise in hobby quotes of small saving schemes might nudge banks to growth deposit fees in the third sector of 2019, albeit less than […]