Starting August 1, stocks such as Adani Power, Yes Bank, Suzlon, Hudco, Bharat Dynamics, Bharti Hexacom, IRB Infrastructure, NBCC, Go Digit, Tata Investment, Paytm, and Inox Wind, among 1,010 securities, will not be accepted as collateral. This change comes as the National Stock Exchange (NSE) revises the criteria for securities eligible as collateral. NSE Clearing … Read more
The Securities and Exchange Board of India (Sebi) board held a meeting on June 27, Thursday and approved some major policy shifts including the exit and entry criteria for stocks in derivatives segment and tightening rules around finfluencers. ETMarkets has summarised key announcements made by the market regulator. Here are top 10 Sebi announcements: 1) … Read more
HDFC Bank is discussing with investors and the regulator a plan through which the country’s most-valued lender would buy back some of the bonds issued by the erstwhile HDFC, and replace these instruments with new infrastructure bonds to be sold to the same set of investors holding the securities. This exercise, if approved, would help … Read more
Mumbai: State Bank of India, the country’s largest bank, is nudging its employees and their dependents to operate a stock demat account with its brokerage arm, SBI Securities. Any employee wishing to open a demat account with any other brokerage will have to seek prior approval from his or her controller not below the rank … Read more
New York: When US markets reopen next Tuesday after the long weekend, everything will likely seem normal. It’s only after the close and in the following days that any cracks are expected to appear. A spike in the number of failed trades, operational glitches and additional costs are among industry fears as the trading process … Read more
Mumbai: A pricing contest is playing out between the Reserve Bank of India (RBI) and sovereign bond traders as the central bank tries to deftly manage the government’s borrowing cost, provide sufficient liquidity to the markets, and ensure that its stance of withdrawing accommodation is not diluted. At a buyback auction of government bonds last … Read more
Mumbai: Sovereign bond yields, the benchmark for pricing debt, may harden this week as several states have announced record-high borrowings ahead of the general election, surprising investors with a deluge of securities. On Tuesday, 17 state governments will sell bonds worth ₹50,206 crore, a record for a week, and 80% higher than the ₹27,810 crore … Read more
HDFC Bank and ICICI Bank- two of the country’s largest private banks – have jointly floated a company to promote the residential mortgage-backed securities market. The two private banks have acquired a 7% stake each in a newly formed company – RMBS Development Company Limited (RDCL), said a stock exchange notice issued by them separately … Read more
