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 Ranked Highest By J.D. Power For Second Consecutive Year For Member Satisfaction In Individual Annuities
USAA continues to set the standard for personalized, efficient and reliable service across the industry. Read more
USAA Launches “Honor Through Action,” Committing $500 Million Over Five Years To Champion The Military Community
Movement will focus on meaningful careers, financial security and well-being for our nation’s veterans and military fa... Read more
USAA Extends Government Shutdown Relief, Totaling More Than $411M To Its Members
Nov 05 2025 SAN ANTONIO – November 5 – As the government shutdown continues, USAA is e... Read more
USAA To Serve As Title Sponsor For HYROX Dallas In November 2025
Through military veteran athletes, content and onsite activation, USAA will elevate the importance of well-being through... Read more
USAA Delivers Advice, Financial Assistance As Government Shutdown Continues
FOR THE LATEST DATA ON USAA SHUTDOWN RELIEF, VISIT USAA STORIES: LINK Read more
UPDATE: USAA Delivers $150 Million In Loans Within 48 Hours To Serve Members Impacted By Government Shutdown
FOR THE MOST UP-TO-DATE DATA ON USAA SHUTDOWN ACTIVITY, VISIT USAA STORIES: LINK Read more