Read more about Sovereign gold bonds sales fetch Rs 25,702 crore till March end on Business Standard. A total of Rs 25,702 crore has been raised through the Sovereign Gold Bond (SGB) Scheme since its inception till end-March, according to the RBI annual report released on Thursday.The scheme was launched in November 2015 with an objective to reduce
The intrinsic net-worth of bonds being used to infuse capital worth Rs 14,500 crore in four public sector banks (PSBs) will be 50 per cent lower than similar maturity government papers in the market, according to rating agency India Rating. The illiquid, non-trading nature of these securities could add to the discount. So it may not strengthen their tangible equity by as much but may bolster regulatory norms. The Government of India has decided to infuse Rs 14,500 crore in four PSBs – Central Bank of India - Rs 4,800 crore, IOB – 4,100 crore, Bank of India Rs 3,000 crore and UCO Bank Rs 2,600 crore. This infusion is from the remaining budgetary allocation for FY21, through the issue of non-interest bearing (non-transferable) special government securities with maturities ranging from 2031 to 2036.
Read more about No plans to introduce diaspora bonds, says FM Sitharaman on Business Standard. Finance Minister Nirmala Sitharaman on Monday said the government has no plans to introduce diaspora bonds
Read more about Rupee logs worst day in nearly 19 mths, dives 104 paise against USD on Business Standard. A rout in global bond markets weighed on investor sentiments