RBI deputy suggests corp debt won't get SLR status
MUMBAI (Reuters) - The Reserve Bank of India's Deputy Governor H.R. Khan on Tuesday dismissed talk of corporate bonds in India getting statutory liquidity ratio (SLR) status.
"SLR is made for securities which are issued in market borrowing," Khan said on the sidelines of a conference, adding "nobody is serious" in suggesting that corporate bonds be used to meet SLR requirements.
SLR refers to the minimum bond investments that banks must hold and is currently at 23 percent of banks' deposits.
The Economic Times had reported on Tuesday the finance ministry was in talks with the RBI and the corporate affairs ministry to give SLR status to corporate bonds.
(Reporting by Shamik Paul; Editing by Rafael Nam)
- Tweet this
- Share this
- Digg this
- Jet Airways chairman says looking to restructure debts, talking to bankers
- China's Xiaomi hopes Mi 4 smartphone can take on Apple
- U.N.'s Pillay says Israel may be committing war crimes
- Nifty hits record high on foreign buying, higher Asian stocks
- Ukraine says pro-Russia rebels shoot down two fighter jets
The Nifty rose to a record high on Wednesday, led by gains in blue-chips such as ICICI Bank on continued foreign-investor buying, while higher Asian shares also helped sentiment. Full Article
Bullish on Indian equities, but gains seen 'less sharp'- Goldman Sachs Full Article
Jet Airways chairman says looking to restructure debts, talking to bankers Full Article
Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec Full Article
Supreme Court could allow Sahara boss to conduct asset sale talks, company says. Full Article
Five held in China food scandal probe, including head of Shanghai Husi Food Full Article