RBI May Soon Allow Repo Operations In Corporate Bonds
Money & Banking
Reuters
MUMBAI/NEW DELHI |
Updated on
March 23, 2020
Published on
March 23, 2020
The Reserve Bank of India may soon allow corporate bonds as collateral for repurchase operations in an attempt to cool the recent sharp uptick in corporate bond yields in the wake of the coronavirus outbreak, two sources told Reuters.
“We have to work it out. Under the RBI Act, we are not allowed to take any other collateral other than government securities. But we are not looking upon that as an impediment,” a senior official said.
“We will look at ways in which we can directly reach the corporates. We are saying just give us time to work our way through these regulations and all, but we are indeed looking at directly helping them out,” the official added.
The RBI did not immediately respond to a request for comment.
Published on
March 23, 2020
Reuters
MUMBAI/NEW DELHI |
Updated on
The Reserve Bank of India may soon allow corporate bonds as collateral for repurchase operations in an attempt to cool the recent sharp uptick in corporate bond yields in the wake of the coronavirus outbreak, two sources told Reuters.
“We have to work it out. Under the RBI Act, we are not allowed to take any other collateral other than government securities. But we are not looking upon that as an impediment,” a senior official said.
“We will look at ways in which we can directly reach the corporates. We are saying just give us time to work our way through these regulations and all, but we are indeed looking at directly helping them out,” the official added.
The RBI did not immediately respond to a request for comment.
Published on
USAA To Gift Vehicle To Military Family In The Chicago Area
USAA proudly announces the donation of four National Auto Body Council (NABC) Recycled Rides®. Read more
Former Army Maj. Gen. John B. Richardson IV Joins USAA To Lead Military Affairs
Two-star general and decorated combat veteran to bring forward-looking vision in continued service to military members a... Read more
Steeped In Tradition: USAA Kicks Off 124th Army-Navy Game Celebrations In A Massive Way, Honoring 250th Anniversary Of The Boston Tea Party
USAA honors history of rivalry game and the city, bringing giant bag of tea to Boston’s historic sites Read more
USAA Life Insurance Announces New Relationship With Trust & Will
USAA Life Insurance Company, a leading financial services brand for military members and their families, and Trust &... Read more
“Go Beyond Thanks:” New Survey Reveals We Should Do More Than Simply Thank Our Veterans For Their Service
Data Reveals Half of Military/Veterans Surveyed Feel Uncomfortable or Awkward When Someone Says the Phrase “Thank You ... Read more
USAA Expanding Education Program To Include Tuition-Free Support For Employees And Employee Dependents
Company also announces student loan 401(k) contribution match up to 8% Read more