LIQUIDITY ENHANCEMENT SCHEME
Sebi tweaks framework for clearing corps on liquid assets; issues prudential norms for exposure
May 30 (PTI) Capital markets regulator Sebi has tweaked guidelines for accepting liquid assets as collateral by clearing corporations (CCs) and put in place prudential norms for exposure of such entities in a bid to strengthen the risk management framework.
Bitcoin consolidates at $65,000 level with increasing liquidations
Following a tumultuous week marked by substantial liquidations driven by unexpectedly high US CPI data, Bitcoin has shown resilience, rebounding to the $67,000 mark after the Federal Reserve's decision to maintain key interest rates for the fifth consecutive meeting.
AMFI asks fund houses to disclose more on mid- & small-cap portfolios
Industry body Association of Mutual Funds in India(AMFI) along with Sebi has enhanced the risk metrics and asked fund houses to disclose the result of stress test and liquidity, volatility, valuation and portfolio turnover in respect of small- and mid-cap equity schemes.
Good news for NBFCs: Fiscal deficit target of 5.1 per cent for FY25 positive for liquidity
NBFCs are well placed to harness the India Stack in ensuring last-mile credit delivery to the smallest business or remotest retail customer. For this, NBFCs will have to expand their capital base, and diversify across other sources of credit like debt markets and public deposits. Public deposits can be a cheap source of capital for upper layered large NBFCs, the benefits of which can be passed on to borrowers.
Budget 2024: NBFCs bat for credit guarantee scheme, among other measures in Interim Budget
Gold loan NBFCs urge for fiscal measures in Union Budget 2024 to infuse liquidity and introduce partial credit guarantee scheme for onward lending to micro-enterprises. They also seek priority sector status, gold linked credit line via UPI, liquidity support from SIDBI or NABARD, regulatory easing for digital lending, and co-lending partnerships. Indian households' idle gold can be leveraged for financing. Giving priority sector status to eligible gold loans will benefit small borrowers, self-employed, micro business owners, and MSMEs. Extending priority status to all micro gold loans can enable gold loan NBFCs access to increased funding.
Next Samvat, SIP numbers could be in excess of Rs 20,000 crore per month: Sunil Subramaniam
"With the flow of liquidity, smallcaps have become the best performing, midcaps the next, and then largecaps. At the same time, global political uncertainty has led to a recent rise in the price of gold because gold gets correlated to political uncertainty and wars. So, these are the best asset classes of the last Samvat."
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Investors adopt cautious stance; debt mutual funds log Rs 25,872 crore outflow in August
"Given the current interest rate scenario and uncertainty over the direction of interest rates in the country, it appears that many investors continue to adopt a cautious stance and wait for further indication on interest rates to make investment decisions. Also, a rally in the equity markets could have also prompted investors to shift their focus from debt to equity," Melvyn Santarita, Analyst - Manager Research at Morningstar India, said.
SBI to set up trustee company to manage corporate debt market development fund
In a regulatory filing on Tuesday, SBI said it has approved setting up the trustee company as a wholly-owned subsidiary of the bank for managing the fund.
Sebi allows PE funds to become MF sponsors; enhances role, accountability of trustee
In addition, the board of Sebi has decided to permit "Self Sponsored AMCs" to continue the mutual fund business. This is subject to asset management companies (AMCs) fulfilling certain conditions. The move would give the original sponsor flexibility to voluntarily disassociate itself from the MF without needing to induct a new and eligible sponsor.
How budget 2023 can help fintech market reach $200-billion in revenue by 2030
Experts say the government should promote digital payments over feature phones and rope in SHGs to improve the confidence of people in UPI. NBFCs flag up the liquidity pangs that have been haunting them since the IL&FS crisis.
G20 presidency: India today, tomorrow, the world
In the past, G20 presidencies have produced major success stories and shaped the global narrative. In 2009, the London Summit provided a coordinated response to the Global Financial Crisis (GFS) with the creation of the Financial Stability Board, now an established international body that monitors the global financial system.
DICGC settles claims worth Rs 8,516.6 crore in FY22
Deposit Insurance and Credit Guarantee Corporation settled claims amounting to Rs 8,516.6 crore during 2021-22 of about 12.94 lakh depositors of liquidated banks, merged entities and those placed under restrictions by the Reserve Bank.
NAREDCO to help developers in project funding
The association has formed NAREDCO Finance Committee (NFC) with representatives from builders, banks and SBICAP and will seek applications from developers who want funding. Investment in residential has declined by 63% YoY in the first nine month of 2022 and the sector received investments worth USD 370 million.
Government enhances credit line for airlines
The modification will allow cash starved airlines like SpiceJet, Go First to get more collateral free loan under the scheme. Alarmed by the weak financial state of Indian airlines, the civil aviation ministry had pushed to enhance the credit limit to them under the ECLGS scheme.
ECLGS: Finance Ministry increases loan limit to Rs 1,500 cr for aviation sector
Recognising that an efficient and strong civil aviation sector is vital for the economic development of the country, the Department of Financial Services (DFS) has modified the ECLGS on Tuesday to enhance the maximum loan amount eligibility for airlines, reported PTI citing an official statement.
Push for direct individual bets in govt bonds to grow market
The Reserve Bank of India intends to permit retail investors to open gilt securities accounts directly with it under the ‘Retail Direct Scheme’ “in order to encourage greater retail participation through the improvement in ease of access to the G-sec market.”
Health of MSME improving with easing of liquidity pressures, says ICICI Securities
Textile industry received support in the form of barriers on China's products and along with various subsidies schemes. Many of the entities in this industry are either enhancing capacities or incurring fresh capex.
Want to invest in index mutual funds, ETFs? 10 myths busted; right way to invest in these schemes
Passively managed funds are being heralded as superior alternatives to active funds. The latter are taking flak for failing to beat the index despite charging more for doing exactly that. Even as fund companies line up more ETFs and index funds, understanding these nuances will allow you to invest with the right expectations.
P-notes investment swell to 14-month high in October on enhanced global liquidity
According to Sebi data, the value of P-note investments in Indian markets-- equity, debt and hybrid securities -- increased to Rs 78,686 crore at October-end from Rs 69,821 crore as on September 30.
How new riskometer will help you pick the least risky debt mutual fund scheme
From January 1, all schemes will be labelled separately for risks. Mutual fund houses will have to communicate changes in the risk profile to investors on an ongoing basis. The revised riskometer will be able to bring out differences in risk profile of funds within the same category. Here's how.
RBI extends enhanced borrowing limit for banks under MSF till Mar 31
"With a view to providing comfort to banks on their liquidity requirements as also to enable to continue to meet LCR requirements, it has been decided to continue with the MSF relaxation for a further period of six months, i.e., up to March 31, 2021," RBI said in a statement.
Nirmala Sitharaman discusses global economic outlook at 3rd G20 Finance Ministers meet
Emphasising that the plan needs to reflect how the economies are balancing their supply-side and demand-side measures in response to COVID-19, Sitharaman shared with her counterparts the manner in which India is working on ensuring this balance.
RBI extends enhanced borrowing limit under MSF till September 30
The RBI, as a temporary measure, had increased the borrowing limit of scheduled banks under the marginal standing facility (MSF) scheme from 2 per cent to 3 per cent of their Net Demand and Time Liabilities (NDTL) with effect from March 27, 2020.
BSE to launch liquidity enhancement scheme in gold mini, silver kilo from next month
The exchange launched options on gold mini (100 grams) and silver kilo on June 1.
BSE shifts expiry of weekly derivatives contracts to Monday from Thursday
All other contracts (other than weekly contracts) shall continue to expire on last Thursday of the calendar month, the exchange clarified.
MSSL board gives in-principle nod to raise Rs 1,000 crore to enhance liquidity during pandemic
MSSL said it has created multiple internal task forces to monitor the situation on a daily basis across all its plants.
BSE to introduce future contracts on Brent crude oil
In a circular, the BSE said, "Exchange shall introduce futures contracts on brent crude oil in commodity derivatives segment with effect from January 27, 2020."
BSE to introduce Liquidity Enhancement Scheme in equity derivatives from August 26
The investors are now able to square off their positions across exchanges.
Sebi eases rules for new exchanges to provide incentives under LES
Under the scheme, brokers and other market intermediaries are given incentives for a specified period of time to bring in liquidity and generate investor interest in securities, which have limited trading activity.
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