CD issuances surge on widening liquidity deficit – The Financial Express

The average liquidity deficit has more than tripled during the week of December 10- 14 to `84,737 crore compared with the average liquidity deficit of Rs 27,492 crore in the previous week.CD issuances surge on widening liquidity deficitWith banking system liquidity deficit remaining high — it was around Rs 1 lakh crore on Monday — there has been a rise in the issuance of certificate of deposit (CDs). On Tuesday, Axis Bank and IDFC Bank together raised `3,650 crore through CDs. The amount was sim...
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RBI issues draft norms on NRI participation in IRD market – The Financial Express

The Reserve Bank of India (RBI) Wednesday issued draft guidelines on non-residents participation in the interest rate derivative (IRD) market.The central bank has sought comments on the draft guidelines from banks, market participants and other interested parties by December 31.The Reserve Bank of India (RBI) Wednesday issued draft guidelines on non-residents participation in the interest rate derivative (IRD) market. The draft norms have proposed non-resident Indians (NRIs) access to the IRD ma...
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