Recently, the National Pension Scheme (NPS) completed 15 years of it existence. Launched in 2004, the National Pension System (NPS) serves as a robust investment avenue for individuals aiming to build a substantial retirement fund, complemented by the prospect of receiving a pension thereafter. It not only facilitates financial independence in your post-retirement years but … Read more
Mumbai: In a move that will ease the prevailing tight liquidity conditions in the banking system, the Reserve Bank of India on Friday said the Centre plans to buy back Rs 40,000 crore worth of government securities on May 9, the first such repurchase since 2018. The unexpected move is also seen bringing down yields … Read more
As a pivotal year for India’s bond market gets underway, its top money managers are debating the best way to position for inflows that may hit $40 billion, according to some estimates. Aditya Birla Sun Life Asset Management prefers government bonds with maturities of seven to 14 years, while Bandhan Asset favors securities that have … Read more
Pension Fund Regulatory and Development Authority (PFRDA) Chairman Deepak Mohanty has said that the pension schemes, such as the National Pension System (NPS) and Atal Pension Yojana (APY), have added 97 lakh new subscribers in 2023, taking the total subscriber base to 7.03 crore as of December 31, 2023. Of the total subscribers, 5.3 crore … Read more
By Jeanna Smialek The Federal Reserve’s first-ever foray into the corporate bond market will come to a final close in coming months, with the central bank announcing Wednesday that it will sell off its exchange-traded fund investments and direct bond holdings. The sales, which a Fed official said the central bank expects to complete by … Read more
However, the central bank accepted Rs 26,853 crore in other three sets of long -term papers in excess of the planned auction size. Synopsis An unexplained skew in the yield curve has meant that lower-tenure sovereign bonds are generating nearly as much as the 10-year benchmark. In such a rate environment, project-financing corporate bonds — … Read more
Government organisations and government financial institutions mobilised 53 per cent of the total amount. Synopsis Banks and financial services sector collectively raised Rs 4.97 lakh crore or 64 per cent of the total amount while roads & highways sector mopped up Rs 58,052 crore, according to Prime. Mumbai: Indian companies raised record amounts through corporate … Read more
MUMBAI: Spreads on corporate bonds over government securities of similar tenure has declined to pre-Covid levels by the end of September, according to ratings firm Icra. This means these bonds have become less risky and are at the same level of risk before the onset of the pandemic COVID-19, leading to a virtual standstill of … Read more