Bhaskar Dutta Journalist Profile

Articles

Shriram Finance seeks RBI nod to underwrite govt debt, trade in securities

2 weeks ago | business-standard.com | Bhaskar Dutta |Saikat Das

Shriram Finance Ltd., one of the largest shadow lenders in India, is seeking to join a select group of entities which underwrite government debt, according to people familiar with the matter. The consumer loan provider has sought the Reserve Bank of India's approval to set up a primary dealership, for which it plans to launch a separate entity, the people said, asking not to be identified as the discussions are private.
Shriram Finance Seeks RBI License to Underwrite Government Debt

2 weeks ago | bloomberg.com | Bhaskar Dutta |Saikat Das

Shriram Finance Ltd., one of the largest shadow lenders in India, is seeking to join a select group of entities which underwrite government debt, according to people familiar with the matter. The consumer loan provider has sought the Reserve Bank of India’s approval to set up a primary dealership, for which it plans to launch a separate entity, the people said, asking not to be identified as the discussions are private.
Indian Bonds May Get a Boost From Lower-Than-Expected Borrowings

3 weeks ago | ca.finance.yahoo.com | Subhadip Sircar |Bhaskar Dutta |Siddhartha Singh

(Bloomberg) -- India announced a borrowing plan for the first half of the fiscal year that’s lower than market expectations. • None Why Did the Government Declare War on My Adorable Tiny Truck? • None These US Bridges Face High Risk of Catastrophic Ship StrikesThe government plans to sell eight trillion rupees ($93.2 billion) of bonds in the six months to September, the Ministry of Finance said in a statement after trading ended on Thursday.
RBI to meet bankers next week to discuss changes in liquidity framework

4 weeks ago | business-standard.com | Bhaskar Dutta |Anup Roy

India's central bank is set to meet lenders next week to discuss changes in its liquidity management framework so that borrowing costs are better anchored to the policy rate, according to people familiar with the developments. The Reserve Bank of India is scheduled to meet bank economists on April 3 to take feedback on proposed revisions that include considering shorter-maturity repurchase operations, the people said, asking not to be named discussing private matters.
RBI to Meet Bankers Next Week to Discuss New Liquidity Model

4 weeks ago | bloomberg.com | Bhaskar Dutta |Anup Roy

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...
RBI asks lenders to widen scope of reporting offshore swap trades

1 month ago | business-standard.com | Bhaskar Dutta |Saikat Das

India's central bank asked lenders to widen the scope of reporting offshore interest rate derivative trades as it seeks to better manage overseas flows, according to people familiar with the developments. The Reserve Bank of India has requested foreign banks operating in India to report details of all offshore trades involving rupee interest rate products, the people said, adding the disclosure would help enhance oversight of client positions.
RBI Said to Ask Lenders to Report More Offshore Swap Trades

1 month ago | bloomberg.com | Bhaskar Dutta |Saikat Das

India’s central bank asked lenders to widen the scope of reporting offshore interest rate derivative trades as it seeks to better manage overseas flows, according to people familiar with the developments. The Reserve Bank of India has requested foreign banks operating in India to report details of all offshore trades involving rupee interest rate products, the people said, adding the disclosure would help enhance oversight of client positions.
Rise of Dollar Forwards Builds Risk for Asia’s Central Banks

2 months ago | bloomberg.com | Catherine Bosley |Bhaskar Dutta |Swati Pandey

Central banks across Asia are increasingly using derivatives to protect their currencies against a strong dollar, raising questions over how long they can do so and whether they are just storing up trouble for the future. The Reserve Bank of India’s net dollar short forward position — the amount of dollars that will be sold at a future date for a pre-set price — hit an all-time high of $68 billion in December.
Rise of Dollar Forwards Builds Risk for Asia’s Central Banks

2 months ago | ca.finance.yahoo.com | Catherine Bosley |Bhaskar Dutta |Swati Pandey

(Bloomberg) -- Central banks across Asia are increasingly using derivatives to protect their currencies against a strong dollar, raising questions over how long they can do so and whether they are just storing up trouble for the future.
India’s RBI Said to Mull Bolder Measures to Ease Cash Crunch

Jan 16, 2025 | bloomberg.com | Bhaskar Dutta |Anup Roy

Sign up for theIndia Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. India’s central bank may take stronger measures, including cutting cash reserve requirement for lenders, to ease tight liquidity conditions, according to people familiar with the developments.