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Reliance Industries’ (RIL) entry may have intensified India’s online grocery delivery war, but success is far from guaranteed for the company owned by the country’s richest man.

• Faculty Name Dr. Rakhi Thakur
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The government revises the FY21 borrowing target to Rs 12 lakh crore. Ira Dugal discusses the implications on the bond market

• Faculty Name Prof. Ananth Narayan
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Banks are putting a lot of money with RBI with Reverse Repo rate. Yesterday the money that went through that window crossed 8.4 Lakh Crore. Let’s find out the reason with Ananth Narayan, Professor at SPJIMR

• Faculty Name Prof. Ananth Narayan
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The Reserve Bank of India (RBI) sold a net $500 million in the overseas currency-derivatives market in March, the biggest such intervention in at least a year, to ensure that the

• Faculty Name Prof. Ananth Narayan
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Opposition-ruled states including Punjab, Kerala and Delhi pitched for extension of goods and services tax compensation to the states for two years beyond 2022 to tide over the crunch they may face in the post-Covid-19 scenario.

• Faculty Name Prof. Ananth Narayan
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Market participants say the demand is still concentrated within the top-rated papers. Papers that fall within the investment grade category but are rated below AA+ are still finding it hard to get traded.

• Faculty Name Prof. Ananth Narayan
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Experts said the debacle at Franklin could lead to redemption from other debt schemes. Investors could lose a big chunk of the Rs 25, 800 crore worth of assets held in the six debt schemes that Franklin has wound down.

• Faculty Name Prof. Ananth Narayan
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Franklin Templeton closing six of its schemes was not about bad credit but heavy redemptions had made the situation challenging amid the coronavirus crisis, said Ananth Narayan, professor, SPJIMR, adding that he expects the RBI and government to step in to ensure liquidity.

• Faculty Name Prof. Ananth Narayan
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The Reserve Bank of India (RBI) is actively considering introducing Standing Deposit Facility (SDF) for liquidity management, based on which banks can park as much money as they want without getting collateral, and at a lower rate than the reverse repo.

• Faculty Name Prof. Ananth Narayan
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Vydianathan Ramaswamy, director, ratings at Brickwork Ratings, said that the extension of deployment period to 45 days gives banks a better lead time to lend to a wider set of non-banks.

• Faculty Name Prof. Ananth Narayan
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Experts say that this could be a new strategy by the government where a good part of the potential additional borrowing could be conducted via short-term instruments given the prevailing high liquidity conditions.

• Faculty Name Prof. Ananth Narayan
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How to make banks lend? Perhaps the Reserve Bank of India (RBI) needs an updated handbook of instructions with this title.

• Faculty Name Prof. Ananth Narayan
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Banks are resisting the growing clamour for much-needed working capital to breathe life into a moribund economy by refusing to relent on their creditworthiness criteria while approving loan applications.

• Faculty Name Prof. Ananth Narayan
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With continuous selling in central government securities by foreign portfolio investors (FPIs) due to persistent risk aversion in the wake of the Covid-19 crisis, general category FPI utilisation of investment limits in G-secs have fallen to 52.31% as on April 13 compared to the peaks of over 75% at the beginning of 2020.

• Faculty Name Prof. Ananth Narayan
• Featured In Financial Express
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The government on Thursday paid a high 6.5299% to mop up 10-year money in a sign companies may need to fork out more for their borrowings. The rate was higher than the yield on the benchmark which closed the day’s session at 6.49%, five basis points higher than Wednesday’s close and an over two-month high. The rising risk-free rate threatens to drive up borrowing costs for companies many of whom are already finding it hard to borrow at affordable rates.

• Faculty Name Prof. Ananth Narayan
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Norway’s move to sell emerging market bonds, held through the planet’s biggest sovereign wealth fund, to help revive the home economy has put Mumbai’s debt markets on the knife’s edge.

• Faculty Name Prof. Ananth Narayan
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Bond yields could rise further this week as state loans and gilts worth some Rs 56,500 crore hit the market. Ananth Narayan, professor-finance, SPJIMR, told FE the amount is an all-time high for a week and that the market is nervous. “Besides LIC, one would expect banks that are sitting on excess liquidity to take up some of the supply. However, the sizeable duration risk could deter banks,” he observed.

• Faculty Name Prof. Ananth Narayan
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After the announcement of the first half borrowing calendar by the government on Tuesday, bond market experts say there could be some amount of disappointment in the market as market participants were expecting much more clarity in terms of the potential additional borrowing in the context of the COVID-19 crisis and the subsequent economic slowdown.

• Faculty Name Prof. Ananth Narayan
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