Latest Updates Around The World
Indian bankers who specialize in selling corporate bonds are asking the financial regulator for permission to lend money in exchange for bonds, people familiar with the matter said, as authorities themselves try to deepen local capital markets.The intermediaries known in India as merchant bankers say the move would give them more financial flexibility to underwrite […]
The Reserve Bank of India (RBI) has allowed money market participants to pledge municipal bonds for borrowing in the overnight market under repo operations (Repo), the regulator said on Tuesday.Unlisted companies holding government securities will also be considered eligible participants for repo transactions, the RBI said. “Eligible participants include all unlisted companies having special securities […]
