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2 weeks ago | 
bloomberg.com | Ashutosh Joshi |Bhaskar Dutta
The Bombay Stock Exchange in Mumbai. (Bloomberg) -- Stocks and bonds tumbled in India, as traders braced for a potential worsening of the geopolitical situation with neighboring Pakistan. Indian shares were the worst performers in Asia on Friday, while the rupee and the nation’s bonds also slid, indicating growing angst among traders over any further ramping up of tensions between the two nuclear-armed nations.
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2 weeks ago | 
bloomberg.com | Saikat Das |Bhaskar Dutta
The JPMorgan Chase & Co. headquarters in New York. Photographer: Michael Nagle/Bloomberg(Bloomberg) -- JPMorgan Chase & Co. elevated two key India executives as managing directors. Manish Jain, head of markets, currencies and emerging markets, and Rajiv Warrier, who oversees corporate sales and payments for the bank, were promoted this week, a bank spokesperson confirmed in response to Bloomberg queries. They have been with JPMorgan since 2007 and 2010, respectively.
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1 month 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.
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1 month 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.
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1 month 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.
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1 month 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.
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1 month 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...
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2 months 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.
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2 months 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.
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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.
