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RBI Drains Nearly $20 Billion From Surplus Liquidity

By Uniquetimesorg September 29, 2026 0

The Reserve Bank of India has absorbed an estimated $20 billion in excess rupee liquidity from the banking system through foreign exchange operations, according to two bankers. The RBI has used dollar-rupee sell-buy swaps, spot dollar sales, bond sales and variable-rate reverse repos to manage surplus funds. The measures, combined with tax outflows, have sharply […]Continue Reading

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Sun Pharma Plans $1 Billion Local Debt Sale

By Uniquetimesorg September 29, 2026 0

India’s Sun Pharmaceutical Industries plans to raise around 100 billion rupees ($1.04 billion) through a rupee-denominated debt sale, according to three sources. The funds are expected to partly refinance a bridge loan taken to finance its acquisition of US healthcare company Organon & Co. Sun Pharma, India’s largest drugmaker by market value, secured a nearly […]Continue Reading

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Mumbai Civic Body Plans ₹95 Billion Bond Sale

By Uniquetimesorg September 22, 2026 0

The Brihanmumbai Municipal Corporation (BMC) is planning its first-ever bond sale in early 2027, with the initial issue expected by March, according to two sources familiar with the matter. The civic body plans to raise around ₹95 billion ($992 million) through one or more tranches, which would be the largest municipal bond issue by an […]Continue Reading

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Bank of India Mobilises $2.4 Billion Through FCNR(B) Deposits

By Uniquetimesorg September 11, 2026 0

Bank of India has mobilised nearly $2.4 billion through Foreign Currency Non-Resident (Bank), or FCNR(B), deposits under the Reserve Bank of India’s concessional swap window. The state-owned lender plans to use the relatively cheaper funds to retire high-cost deposits and borrowings, while deploying a portion into higher-yielding assets, according to a source. The bank Continue Reading

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Deutsche Bank Sells India Retail Banking Business to Kotak Mahindra

By Uniquetimesorg June 30, 2026 0

Deutsche Bank has agreed to sell its retail banking and wealth management business in India to Kotak Mahindra Bank as part of its strategy to streamline operations and focus on core businesses. Kotak Mahindra said the acquisition is valued at approximately $30 million and will strengthen its presence in India’s retail and wealth management segments. […]Continue Reading

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IIFCL Plans Record $1 Billion Overseas Loan, Seeks Additional ADB Funding

By Uniquetimesorg June 29, 2026 0

India Infrastructure Finance Company Ltd. (IIFCL) is planning to raise $1 billion through an overseas loan, which would be the largest foreign-currency borrowing in the company’s history. The state-owned infrastructure financier is also in discussions with the Asian Development Bank (ADB) for an additional 20-year loan of around $400 million. The move follows recent Continue Reading

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RBI Issues Final Rules to Expand India’s Credit Derivatives Market

By Uniquetimesorg June 26, 2026 0

The Reserve Bank of India (RBI) has issued its final guidelines to expand the country’s credit derivatives market, following the government’s proposal to deepen financial markets in this year’s Union Budget. The new rules take immediate effect and are aimed at improving risk management tools for market participants. Under the revised framework, resident Continue Reading

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RBI Infuses ₹72,300 Crore Through VRR Auctions to Ease Liquidity Tightness

By Uniquetimesorg June 17, 2026 0

The Reserve Bank of India (RBI) on Wednesday injected ₹72,300 crore into the banking system through two variable rate repo (VRR) auctions to address short-term liquidity pressures caused by advance tax payments. The central bank infused ₹50,016 crore through a two-day VRR auction at a cut-off rate of 5.26 per cent, followed by another ₹22,284 […]Continue Reading

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RBI Faces Tough Rate Decision as Oil Shock, Weak Rupee Cloud Outlook

By Uniquetimesorg June 2, 2026 0

India’s central bank faces one of its most challenging monetary policy decisions in recent years as rising oil prices, a weakening rupee, and concerns over a poor monsoon threaten to fuel inflation while slowing economic growth. The Reserve Bank of India (RBI), which concludes its three-day policy meeting on Friday, is widely expected to keep […]Continue Reading

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Indian NBFCs Eye ₹150 Billion Bond Sales Amid Falling Debt Yields

By Uniquetimesorg May 8, 2026 0

India’s leading non-banking financial companies (NBFCs) are preparing to raise nearly ₹150 billion ($1.6 billion) through bond issuances as declining corporate debt yields create favourable borrowing conditions. According to merchant bankers, five AAA-rated NBFCs are expected to launch bond sales with maturities ranging between two and five years. The move comes after a Continue Reading