Tenor Financial News

Subscribe to enjoy similar stories.Artificial intelligence is advancing at startling speed. The latest models can now complete complex, time-eating tasks with little human supervision. This month one of OpenAI’s models helped derive a new result in theoretical physics.

Subscribe to enjoy similar stories. Companies in India reduced borrowings through corporate bonds in the current financial year, as significant changes in global trade and stubborn domestic yields mostly blunted the Reserve Bank of India’s easing cycle.

Subscribe to enjoy similar stories. The government is set to operationalise the ₹25,000 crore Maritime Development Fund (MDF) by allocating ₹9,800 crore to it in the upcoming budget. The fund aims to lower capital costs and attract long-term, low-cost investment into shipyards, coastal infrastructure, and inland waterways.

The SBI Amrit Kalash was a limited-period FD scheme that offered an attractive interest rate of 7.10% per annum for regular investors and a higher 7.60% for senior citizens on a 400-day deposit. Income Tax GuideIncome Tax Slabs FY 2025-26

Piramal Finance raised more than ₹2,300 crore ($265 million) through an external commercial borrowing (ECB) facility. The loan was led by Standard Chartered Bank, The Hongkong and Shanghai Banking Corporation (HSBC), Sumitomo Mitsui Banking Corporation, and First Abu Dhabi Bank. The floating-rate loan is priced just under 9%, around 15-20 bps lower than the prevailing domestic market rate. «The facility has a 3-year tenor and is fully hedged to mitigate forex and interest rate risks,» said a banker. «Landed cost of funds is more competitive compared to domestic borrowing rates, making it an attractive financing option for Piramal Finance.» Loan has a greenshoe option, allowing it to be upsized to $300 million.

Subscribe to enjoy similar stories. Following the premature redemption of several gold bond schemes, the government has abruptly ended yet another gold scheme launched less than a decade ago. The decision comes as the gold prices look poised to climb to ₹1 lakh per 10 grammes.

borrowing roadmap for the first half of FY26, announcing plans to raise Rs 8 lakh crore through bond issuances between April and September, lower than the earlier estimate of Rs 8.4 lakh crore. As part of its evolving debt strategy, the Centre will also tap into the sustainable finance market, proposing to issue Rs 10,000 crore worth of green bonds during this period.

Subscribe to enjoy similar stories. Mumbai: Deposit rates may begin to come down starting April as lenders move to protect margins, at a time of easing credit demand and expectations of another repo rate cut. Most banks did not change their deposit rates after the Reserve Bank of India reduced the repo rate by 25 basis points (bps) in February.

eight-day variable rate repo (VRR) auction that the Reserve Bank of India conducted on Thursday got bids for less than one-tenth of the notified amount, with treasury executives citing the tenure of the operation as a likely reason for the weak demand. The RBI offered to infuse Rs 1 lakh crore in the banking system through the VRR auction that would reverse, or be repaid, on March 21, but it received bids for only Rs 9,860 crore. The central bank also conducts daily overnight VRR auctions. Treasury heads said the auction could have seen more demand if the maturity date were in April, in the new fiscal year. “There is no difference between borrowing overnight and borrowing for eight days. If I have the flexibility to borrow every day, I will borrow when the need arises and not for eight days,” Jana Small Finance Bank’s head of treasury Gopal Tripathi told ET. “Plus, this would mature within March; if the reversal date were crossing March, there would have been more demand.” The RBI has been conducting these auctions to inject liquidity in anticipation of outflows from the banking system due to advance quarterly tax and GST payments.

With interest rates being a key factor in home loans, personal loans, and corporate borrowings, understanding the latest rates can help borrowers make informed financial decisions. Below is an overview of the latest lending rates across major Indian banks.

Indian Railway Finance Corporation (IRFC), a key financial institution under the Ministry of Railways, becomes India's third-largest government NBFC. Earlier this week IRFC has been awarded the prestigious Navratna status by the Government of India. IRFC has played a key role in funding nearly 80 per cent of Indian Railways' rolling stock and was the first CPSE to issue a 30-year tenor bond in overseas markets.

Punjab National Bank has reduced its External Benchmark Linked Rate (EBLR) with effect from March 1, 2025. All new floating rate loans from a bank are now linked to EBLR and any change in EBLR will corresponding impact on the EMIs. In case a bank cuts EBLR the borrower will see their EMIs fall or tenure come down based on the choice they make after the rate cut. PNB on the other hand, has increased its marginal cost of funds based lending rate (MCLR) for loans with effect from March 1, 2025. Before the EBLR regime came in force banks were lending on the basis of MCLR which has been used as a benchmark interest rate by banks to determine the minimum rate at which they can lend money. However, those old borrowers who have their floating rate loans still linked to MCLR regime has now got the option to shift to EBLR regime whenever they wish. Read below to know what are the new PNB EBLR and MCLR rates

Employees' Provident Fund (EPF) linked Insurance (ELI) to ensure smooth financial planning. Here are some of the important financial tasks that should be completed before the end of the financial year on March 31,2025.

Subscribe to enjoy similar stories. The Reserve Bank of India aggressively sold dollars in the forward market in the December quarter as compared to the spot market, in an effort to support rupee liquidity in the system. Sales in the forward market went up by $55 billion during the quarter, with $68 billion outstanding net forward sales at the end of December.

Subscribe to enjoy similar stories. The Reserve Bank of India (RBI) has announced a set of forex and money market measures that will collectively infuse ₹1.5 trillion over time, amid a clamour for liquidity from multiple bankers and money market participants. Mint explains the implications of the move.

Subscribe to enjoy similar stories. The Reserve Bank of India (RBI) announced a set of forex, money market and interest rate measures that will collectively infuse ₹1.5 trillion over time, amid a clamour for liquidity from bankers and money market participants.Mint explains the significance of these measures. The RBI announced three measures to boost liquidity in the system.

IndusInd International Holdings (IIHL) is in advanced talks with investors including 360 One, Barclays, Bank of America, Allianz Private Credit Fund, ICICI Prudential AMC Private Credit, Edelweiss Alternatives, Alpha Alternatives Fund and Tata Capital to raise ₹4,300 crore in the second tranche to complete its acquisition of Reliance Capital by January end, people aware of the development said. Barclays alone is contributing ₹1,000 crore in this round of non-convertible debenture (NCD) issue, one of them said.

State Bank of India, the country's largest lender, is seeking a ¥30 billion ($197 million) facility, according to people familiar with the matter, adding to a record volume of yen loans raised by borrowers in Asia excluding Japan this year. Mitsubishi UFJ Financial Group Inc. is the lead bank of the deal, which will be raised in the Gujarat International Finance Tec-City, India's newest financial hub, said the people, who asked not to be identified discussing a private matter.

A ‘Non-Resident Indian’ (NRI) is a citizen of India who resides outside India. An NRI account can be opened jointly with a resident Indian on a former or survivor basis. There are different types of NRI accounts, including Non-Resident External (NRE), Non-Resident Ordinary (NRO), and Foreign Currency Non-Resident (FCNR) accounts. For NRIs looking to invest and retain their foreign currency while simultaneously earning high returns, FCNR (B) accounts can be a great choice. Most banks book FCNR deposits in the US Dollars, Pounds Sterling, Euro, Japanese Yen, Australian Dollars, Canadian Dollars.

Bharti Telecom, a key holding company of the Bharti Group for its telecom business, is raising ₹11,150 crore through a new issuance of non-convertible debentures (NCDs), mainly to refinance existing high-cost debt, said people close to the development. The issuance is divided across various tenors and series. The annual coupon rate for the debentures will range from 8.25% to 8.9%, with payments to be made annually and upon maturity for each respective tranche.