SEBI needs to get tougher
The market regulator may remove the option to settle serious cases like insider trading without admitting guilt. That could lead to even less enforcement from the SEBI than at present. But if it hardens SEBI's resolve to land a high-profile conviction, such self-denying ordnance may be worth it, writes Jeff Glekin. Full Article
Reuters Showcase
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Indian banks raise 8.5 bln rupees via CDs
MUMBAI |
MUMBAI May 17 (Reuters) - Indian banks on Monday raised 8.5 billion rupees via Certificates of Deposit, Thomson Reuters data showed.
State Bank of Hyderabad raised 3.5 billion rupees by selling notes yielding 6.25 percent and maturing on May 11, 2011.
United Bank of India sold 3 billion rupees of 4.78 percent notes maturing Aug. 6, 2010.
Punjab & Sind Bank sold 2 billion rupees of 5.49 percent notes maturing Nov. 1, 2010.
The fixing for the yield on the three-month Reuters CD benchmark <0#INCDBMK=> was unchanged at Friday's 4.65 percent, and secondary CD volumes rose to 3 billion rupees from 2.75 billion rupees.
Indian banks had issued CDs worth 14.5 billion rupees on Friday.
For the week to May 14, total CD issuance amounted to 40.75 billion rupees compared with 34.75 billion a week earlier, while secondary volumes were 26.9 billion rupees versus 26 billion rupees. (Reporting by Jeanette Rodrigues; Editing by Ramya Venugopal)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters