The need for money among banks, especially for short-term funds, may turn more intense in the last month of the financial year to feed the demand for capital for tax payments and meet year-end targets.
The mobilisation of funds via the certificate of deposits (CDs) has seen a threefold increase to over Rs 60,000 crore in the fortnight that ended February 23 from around Rs 20,000 crore in the fortnight of January 26, 2024, according to the Reserve Bank of India (RBI) data.
Several financial institutions, including IIFL Finance, Paytm Payments Bank, and JM Financial, have come under intense regulatory scrutiny, sparking concerns across the financial sector.
India s government bond
yield curve is poised to flatten further in the coming weeks as
long-term interest rates fall on strong demand for longer-term
securities, bank treasury officials said. . -March 11, 2024 at 02:26 am EDT
- MarketScreener
India bond yield curve to flatten more as long-term rates fa malaya.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaya.com.ph Daily Mail and Mail on Sunday newspapers.
India s government bond yield curve is poised to flatten further in the coming weeks as long-term interest rates fall on strong demand for longer-term securities, bank treasury officials said..