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Centre devises new debt paper
one, this helps the Centre avoid borrowing from the RBI directly through ways & means advances (WMA) and two, it is also a quasi liquidity drainer. To top it, CMBs afford the government the flexibility to borrow at cheaper rates than the repo rate of 4.75% charged for WMA drawals and an additional 2% (6.75%)...
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CBN Will Rid Banks of Criminals
By: MatthewDockter
Yinka Kolawole and Emma Ovuakporie Lagos — Governor of the Central Bank, CBN, Mr. Lamido Sanusi, has vowed that there will be no respite for banks on corporate governance, insisting that this will help rid the industry of criminals. Meantime, the Economic and Financial Crimes Commission (EFCC) will, today, file a 20-count charge against ...
27 days ago
News Stories
- News Source: The Economic Times | 3 months agoBond prices ended higher on Tuesday due to falling US treasury yields, and a hope that the Reserve Bank of India’s (RBI) new cash management bills will help in smoother debt auctions. Debt securities are expected to remain under pressure despite...
- News Source: NewKerala | 3 months agoThe move will help channel excess cash with banks to fund public spending. The instrument, called cash management bills, will be issued at discount and have maturities of less than 91 days, while retaining the generic character of Treasury Bills, RBI...
- News Source: Indian Express | 3 months agoThe government said its plans to raise funds through a new kind of instrument will provide more flexibility for its cash management. "It (Cash Management Bills) will provide more flexibility for cash management," Finance Secretary Ashok Chawla said...
- News Source: Daily News & Analysis | 3 months agoone, this helps the Centre avoid borrowing from the RBI directly through ways & means advances (WMA) and two, it is also a quasi liquidity drainer. To top it, CMBs afford the government the flexibility to borrow at cheaper rates than the repo rate of...
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