FRONT LOADED BORROWING
Lower government borrowing in H1 to cool bond yields
On Wednesday, the Reserve Bank of India (RBI) said the Centre would borrow ₹7.5 lakh crore through bonds in the first six months of FY25. Bond sales in April-September represent 53% of the government's gross borrowing target of ₹14.13 lakh crore for the next fiscal, much lower than 63% last year.
India's bond yield curve to steepen amid lower H1 govt borrowing, treasurers say
"The calendar is favourable for investors, and there could be some steepening in the yield curve in the first quarter of next financial year," said Arun Bansal, executive director and head of treasury at IDBI Bank.
India likely to keep April-Sept borrowing under 60% of FY24 goal, sources say
The Indian government is likely to borrow between 55% and 58% of its gross borrowing target for next fiscal year, in order to front-load expenditure and keep bond supply closer to market expectations. India aims to raise 15.43 trillion rupees ($187.18 billion) from the market in the financial year starting April 1, higher than the 14.21 trillion rupees it raised this year.
Katrina Kaif borrows Vicky Kaushal's line 'How's the josh'; video goes viral
Katrina Kaif, promoting her film “Phone Bhoot”, borrowed Vicky Kaushal’s dialogue “How’s the Josh?” to good effect at an event at IIT Mumbai.
Top-rated Indian companies issue bonds at near-govt borrowing rates
Even as the economy recovered, corporate bond issuances were down by more than a fifth between April and August this year compared to the same period before the pandemic, in 2019. This resulted in higher-rated corporates being able to raise funds at close to the borrowing rates for government debt, the safest asset on the Indian market.
How much worse will loan interest rates get for borrowers this FY? Here's what experts say
The Reserve Bank of India announced a hike of 50 basis points (0.50%) in the key policy rates i.e., repo rate, standing deposit facility and others. As per the experts, with inflation being broad-based, more hikes in the policy rates are expected in this financial year. Read on to know how much interest rates are going to get worse for borrowers.
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RBI officials meet bankers, dealers to discuss govt's FY23 borrowing plan: Sources
Among the suggestions put forward by market participants was for the government and the RBI to avoid front-loading the borrowing programme to the extent that is normally done.
Budget 2022 is the middle piece of a 3-stage fiscal intervention: Here's how
The centrepiece of this budget is the emphasis on physical infrastructure with willing allies in the states and corporate India. Laden with unwieldy wage bills, states are using the Centre's line of soft credit to spend on roads and irrigation. They also stand to benefit from the associated job creation. On its part, the Centre has got the states to agree to time-bound capital outlays, ensuring better targeting of its fiscal intervention.
India Inc to see a record-breaking surge in overseas borrowings
India Inc is likely to see a surge in overseas borrowings, potentially creating a new record, as multiple companies raise funds for the first time in the coming months amid a sustained need for durable project financing.
What is a personal loan? Here's a guide
Simply put, it is an unsecured loan taken by individuals from a bank or a non-banking financial company (NBFC) to meet their personal needs.
India to frontload 60% of FY22 borrowing programme in first six months
“Borrowings would include all segments from two-year to 40-year dated securities and some greenshoe options,” economic affairs secretary Tarun Bajaj told media persons on Wednesday.
States' market borrowings skyrocket 76% to Rs 1.93 lakh cr so far this fiscal: Report
The aggressive borrowings will further shoot up the outstanding debt of all the states which has more than doubled to Rs 52.6 lakh crore in FY20, growing at an annual rate of 14.3 per cent between FY15 and FY20, notes a report by Care Ratings.
Covid-19: Allow states to directly borrow from RBI, says Kerala FM Thomas Isaac
Kerala, which has put in place stringent measures to curb spreading of coronavirus infections and flatten the curve, has come out with a Rs 20,000 crore package to deal with the current situation by front loading borrowings. Presently, a state is permitted to borrow up to 3 per cent of its Gross State Domestic Product (GSDP).
Finance Minister, RBI meeting on Tuesday to decide first-half borrowing plan for FY21
The meeting between the Finance Ministry and Reserve Bank of India (RBI) will be held through video conferencing for the first time as there is lockdown across the country. As per the Budget, the government plans to borrow Rs 5.36 lakh crore from the market in 2020-21, higher than the Rs 4.99 lakh crore estimated for the current financial year.
Sebi regulations to push up borrowing costs in some sectors: A Balasubramanian, Aditya Birla Sun Life AMC
Now a uniform practice will have to be adopted by all money managers and not just a few players.
What I read this week: Should you reduce your equity exposure? Why govt will borrow less via bonds
Markets are slightly expensive and the global interest rate scene is extremely uncomfortable.
Will government borrowing change global outlook on India?
For the first time since 2008-09, India has decided to borrow less than half the funds earmarked for the financial year in the six months to September 30.
Full text: Moody's India rating upgrade report
Continued progress on economic and institutional reforms willenhance India's high growth potential, Moody's said.
Government could need to tap the market for further borrowings: Arvind Narayanan, DBS Bank
“Currently, the news is stabilising, there is a relief that 3.2% fiscal deficit will probably be maintained”
Finance Ministry, RBI officials to meet on March 18 to decide FY17 borrowing
As per the Budget, the net borrowings from market in next fiscal would be Rs 4.2 lakh crore, down from Rs 4.4 lakh crore in the current fiscal.
Finance ministry, RBI meeting mid-March to decide FY17 borrowing plan
Finance Ministry and the RBI will hold a meeting later this month to take a call on the government's borrowing calendar for the next fiscal in a manner that would be non-disruptive.
Bank of India cuts lending rate by 0.25 per cent
The reduction of 0.25 per cent in the lending rate will make auto, home and other loans cheaper, after becoming effective from May 4.
Budget 2014: Government to borrow Rs 6 lakh crore in FY15
Finance Minister said that the fiscal deficit - the gap between expenditure and revenue - will be 4.1 per cent of GDP.
May 21, 2014: Mecklai Financial report on rupee
A stronger currency indeed shows the revival of economy in general, but here the sentiment is rejuvenated on New government rather fundamental.
GDP growth needs to be brought on to glide path to stop inflation from returning: Amandeep Chopra
"A sudden spurt from the current GDP levels to an 8% level will have a lot of concerns on the inflationary front."
Government might front-load borrowings to H1, say analysts
The government is likely to front-load its borrowing programme with over 50 per cent being carried out during the first half of the next fiscal.
Debt load, static data earnings may hit RCom's valuations
After a dramatic two-fold jump from the year-ago level, RCom has been trading in a narrow range during the past three months.
Government to borrow Rs 1.56 lakh crore in July-September quarter
The government will borrow Rs 1.56 lakh crore in the July-September quarter to meet its financing requirements.
No extra borrowing in the current year: Finance Ministry
FinMin asserted its commitment to containing fiscal deficit by sticking to its borrowing target for the year despite it being at over 50% of the budget.
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