Page 140 - Finance News Analysis
Once-hot bond market droops as rate cut seen delayed
Traders feel sell-off in bonds could accelerate after RBI's status quo on rates
RBI POLICY WITH BS
Join www.business-standard.com on Tuesday for detailed coverage of RBI's annual monetary policy announcement
 "Pragmatic approach needed: Manas Datta")
 "BS Jury on RBI's 1st bi-monthly monetary policy, 2015-16")
 "RBI eases norms for infra debt funds to refinance project loans")
RBI raises borrowing limit of MFI clients
With this relaxation - one of the long-standing demands of MFIs - an individual borrower can now take loans up to Rs 1 lakh from two MFIs at the most
 "RBI raises borrowing limit of MFI clients")
Bond Street sees one cut, then status quo
Yield on 10-year benchmark rose 7 bps, indicating expectations of sizeable rate cuts have significantly come down
 "Bond Street sees one cut, then status quo")
 "Potential gainers")
RBI to bank boards: Nayak panel's 7 themes to set agenda
Will replace the 'calender of reviews'; guidelines also to private banks for policy on remuneration to non-EDs, discussion with govt proposed for PSB parity here
 "RBI to bank boards: Nayak panel's 7 themes to set agenda")
RBI allows companies to issue rupee bonds abroad
Addresses depth issue, while helping contain foreign currency-denominated external obligation and reduce risk from unhedged forex exposure
RBI, banks differ on calculation
Bankers call repo rate a blunt tool, cite practical difficulties in moving towards marginal cost of funds-based method
 "RBI, banks differ on calculation")
Rajan holds rate; banks bow to RBI pressure
ICICI Bank cuts base rate by 25 basis points; SBI, HDFC bank announce rate cuts of 15 bps; FY16 growth seen at 7.8%; Mar 2016 inflation at 5.8%
 "Rajan holds rate; banks bow to RBI pressure")
Interest rates likely to decline by another 50 bps: Nimesh Shah
Says the Indian rupee may continue to hold steady
 "Interest rates likely to decline by another 50 bps: Nimesh Shah")
Central bank pauses for transmission of rate cuts: Y M Deosthalee
Says reducing base rates would lead to re-pricing of a substantial quantum of the bank book, thereby eroding margins
 "Central bank pauses for transmission of rate cuts: Y M Deosthalee")
 "Quicker transmission of rate cuts: Sam Ghosh")
 "Transmission concerns overdone: Indranil Sen Gupta")
Rates to be data-dependent: V R Iyer
Says inflation is expected at 5.8 per cent by the end of 2015
 "Rates to be data-dependent: V R Iyer")
Deposit rates, EMIs to come down
SBI, HDFC Bank and ICICI Bank cut base rate applicable from April 10; others may follow suit
 "Deposit rates, EMIs to come down")
