Pranay Lakshminarasimhan

Articles By Pranay Lakshminarasimhan

44 Articles

6% interest rate is a pull, but we do offer a lot more, says Kotak Mahindra Bank’s Virat Diwanji

If Kotak Mahindra Bank has acquired droves of new savings account holders, it is thanks to some top-class service and 6% interest rate for deposits of over Rs 1 lakh.

Banking & Finance News

Keen to raise share of secured assets in overall asset base: Rajeev Yadav, Chief executive Officer, Disha Microfin

Disha Microfin, one of the 10 companies received in-principle approval from the Reserve Bank of India to start operating as a small finance bank, is slated to start operations in the first quarter of FY18.

Markets News

Debt funds heavily buying into HFC bonds after Sebi tweaks sectoral limit

The capital markets regulator's guidelines require mutual funds to limit their exposure to any particular sector at 25% of the net asset value of the scheme, with an additional limit of 15% in the financial services sector on

Economy News

Shorter-term debt yields fall to pre-policy levels

Surging after the RBI’s decision to keep key policy rates unchanged and change its stance on liquidity to ‘neutral’ from ‘accommodative’ earlier, yields on shorter-term debt instruments.

RBI, key policy rates, shorter-term debt instruments, pre-policy levels, FIMMDA, AAA-rated 10-year bonds, Ajay Manglunia, Corporate Bond, Mutual Fund, Share Market, Share liquidity News

Union Budget 2017: Bonds end flat after fiscal deficit target, net borrowing in line with expectations

Since November 8, 2016, the yield on the 10-year benchmark government bond declined by close to 40 bps.

Budget 2019 News

Demonetisation: UPI, BHIM will be better options than e-wallets, says Federal Bank MD Shyam Srinivasan

Federal Bank managing director Shyam Srinivasan talks about how deposit growth post demonetisation has helped the bank and its peers in dealing with the decreasing cost of lending.

Money News

As fears over emerging markets rise, FPIs sell Indian debt to tune of $22 mn

Foreign Portfolio Investors have continued selling Indian debt in the first seven sessions of the month.

India News

10-year government bond yield declines 10 bps to 6.41%

Yields on both govt securities & corporate bonds may fall further

Markets News

AT 1 bonds trade at premium as rates, bond yields decline

Owing to the decline in interest rates over the past couple of quarters and a subsequent fall in bond yields, additional tier-I bonds (AT 1 bonds) — also known as perpetual bonds — issued over the same period are now trad

Banking & Finance News

Since demonetisation announcement, bond yield declines nearly 50bps to 7-yr low

The yield on the 10-year benchmark bonds closed at 6.32% on Tuesday, nearly 50 basis points lower than their close on November 8, the day demonetisation had been announced. This is the lowest closing level for the 10-year ben

Markets News

Post Donald Trump win, US-India 10-yr yield spread hits 5 yr low

US benchmark rises by over 40 bps since the day of election

Post Donald Trump win, US-India 10-yr yield spread hits 5 yr low

Mobile wallet, digital payments entities’ traffic surges as Rs 500, Rs 1000 notes ban bites

Mobile wallet companies and digital payment platforms are seeing a tremendous surge in traffic and in the number transactions made within 24 hours of the government’s announcement the current `500 and `1,000 notes would not

Mobile wallet, digital payments entities’ traffic surges as Rs 500, Rs 1000 notes ban bites

Liquidity concern? NRIs redeem $2.1 bn FCNR-B deposits

In the week ended Friday, non-resident Indians redeemed around $2.1-2.5 billion of foreign currency non-resident bank (FCNR-B) deposits, treasurers with domestic banks told FE.

Economy News

Indian Railway Finance Corp turns to masala bonds, eyes Rs 2,000 cr

Indian Railway Finance Corporation (IRFC), the finance arm of Indian Railways, is planning to raise Rs 1,000-2,000 crore through an issue of rupee-denominated offshore or masala bonds.

Indian Railway Finance Corp turns to masala bonds, eyes Rs 2,000 cr

RBI monetary policy meet: Market expects 25 bps rate cut, says HDFC Bank’s Ashish Parthasarthy

Ahead of the Reserve Bank of India’s bi-monthly monetary policy review, Ashish Parthasarthy, treasurer, HDFC Bank, spoke to Pranay Lakshminarasimhan and Amrutha Penumudi about falling inflation rates and rising expectations

Banking & Finance News

Yields on 5 largest state bond issues fall 122 basis points

At a time when yields on government securities have fallen to seven-year lows, yields on the five largest bond issues by states this month have fallen by as much as 122 basis points in the last one year, data on the Reserve B

Yields on 5 largest state bond issues fall 122 basis points

Canara Bank gets nod to raise $500 million

Funds to be mopped up by issuing senior unsecured foreign currency bonds

Industry News

RBI buys Rs 1 lakh cr bonds via OMO; yields fall from 25 to 60 bps over period

In a massive infusion of liquidity that has driven down yields sharply, the Reserve Bank of India has, since April, bought government bonds worth over R1 lakh crore through open market operations.

RBI buys Rs 1 lakh cr bonds via OMO; yields fall from 25 to 60 bps over period

Lower rates lead firms to prefer bonds to raise funds

Private sector players have raised R1.71L crore via private placements of corporate bonds in FY17 so far

Markets News

Commercial Papers interest rates at 6-year low

Interest rates on three-month commercial papers (CPs) for A1+-rated companies are currently at a six-year low of less than 7%, according to data sourced from Bloomberg.

Commercial Papers interest rates at 6-year low

With unified payments interface (UPI) set to go live, say hello to instant money transfers

The cheque will soon no longer be in the mail. The unified payment interface (UPI) is set to go live in two to three days with 21 participating banks, the National Payments Corporation of India (NPCI) said in a statement on T

Banking & Finance News

IMPS makes a big impression

The Immediate Payment Service (IMPS) is becoming the preferred money-transfer channel, reports Pranay Lakshminarasimhan in Mumbai.

income declaration scheme, it declaration, income tax, income tax declaration date, income tax declaration date News

Public sector banks’ stressed assets double to Rs 5 lakh cr

Toxic assets at a clutch of 22 public sector banks (PSBs) have doubled to Rs 5.51 lakh crore in the June quarter over Q1FY16, reports Pranay Lakshminarasimhan in Mumbai.

Banking & Finance News

Edelweiss retains ‘Buy’ on Max Financial; pegs appraisal value at Rs 207 bn

Companies and non-banking financial companies (NBFCs) have together mopped up R36,774.25 crore from the bond markets in July, taking the total amount raised in the first four months of FY17 to R1.71 lakh crore.

Edelweiss retains ‘Buy’ on Max Financial; pegs appraisal value at Rs 207 bn

Benchmark yield may fall to 7%, unless RBI cuts repo rate: Axis Bank’s S Rathi

The yield on the 10-year benchmark bond fell to over a 3-year low of 7.124% on Tuesday, down five basis points over Monday’s close

Benchmark yield may fall to 7%, unless RBI cuts repo rate: Axis Bank’s S Rathi

NPCI’s UPI to go live ‘in a few days’

The Unified Payment Interface of the National Payments Corporation of India (NPCI) which was earlier slated to go live on July 15 but was delayed due to technical reasons, is now at an advanced stage of testing and will go l

NPCI’s UPI to go live ‘in a few days’

FPIs do U-turn on debt investment in India; check out how

Foreign portfolio investors' (FPIs) net investment in debt instruments in July has crossed the $1 billion mark, with FPIs having net bought instruments worth $1.03 billion since the beginning of the month.

Banking & Finance News