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      DHFL-II Aug 2016 CATEGORY Allocation %  BSE + NSE ISSUE DETAILS Start Date End Date* 29.08.16 12.09.16 Allocation (Cr)  Total Bidding (Cr)  No of times subscribed   % Sub QIB 30%          3,000.00       6,246.693 2.08 208.22 CORPORATE 10%          1,000.00       1,194.119 1.19 119.41 HNI ...

       

Fed & RBI Meeting Calender : Sep 20-21 Fed Meeting Oc 4 RBI Meeting Nov 1-2 Fed Meeting  Dec 6 RBI Meeting Dec 13-14 Fed Meeting Feb 07 RBI Meeting

In its effort to breathe  new  life into the Indian corporate bond  market  the Reserve Bank of India  on Thursday announced a slew of measures.  "These measures are intended to further market development , enhance participation, facilitate greater market  liquidity  and improve communication," the central bank said in a statement.  Here are eight key takeaways from the RBI's new guidelines for the bond market.  1)  PCE  ceiling raised to 50%:  To provide a further impetus to the corporate bond market, it has been decided that the aggregate partial credit enhancement (PCE) that may be provided by the financial system for a given bond issue will be increased from the present level of 20% to 50% of the bond issue size subject to the PCE provided by any single bank not exceeding 20% of the bond issue size and the extant exposure limits. The necessary guidelines will be issued shortly.  2) Masala  Bonds  for Tier - I,  II  capital:  With a view to develop the market...

The Reserve Bank of India has announced a battery of measures aimed at bolstering participation in the fixed income and currency markets in India. The central bank has accepted many of the recommendations of the Khan Committee to develop the corporate bond market, it said in a notification on Thursday. HR Khan, who retired in July this year, held the post of deputy governor of the RBI in charge of financial market regulation. Among major measures for the corporate bond market, the RBI has decided to "enhance the aggregate limit of partial credit enhancement provided by banks, permit brokers in corporate bond repos, authorise the platform for repo in corporate bonds, and encourage credit supply for large borrowers through market mechanism." The RBI has also decided to accept corporate bonds under the liquidity adjustment facility. Let's look at some of the major decisions individually. 1. Enhancing the Partial Credit Enhancement Provided by Banks In order to in...

The Reserve Bank of India (RBI) on Thursday announced a comprehensive set of measures to change India's lacklustre bond market and provide a push to the currency market as well, completing the agenda of Raghuram Rajan, the outgoing governor of the central bank. The RBI proposed to allow banks to raise capital through masala (rupee) bonds in the overseas market and liberalised the currency market by allowing customers — residents and non-residents — to maintain big open positions. Among a series of blockbuster measures, the RBI also proposed to allow listed companies to lend money to banks through repo market mechanism, essentially overnight money, something that can have wide ranging ramifications for call money rates, short-term money market rates as well as the banking system liquidity. The central bank also proposed allowing listed companies to lend longer tenure money to banks through the repo market mechanism. This will have an impact on interest rates, the bond market...

The finance ministry notified that account holders of the Public Provident Fund (PPF) can prematurely close their account if it has completed at least five years and the reason for closure is medical emergency and higher education ( http://bit.ly/28JZGP8 ). THE CHANGE According to this recent change, a PPF subscriber shall be allowed premature closure of her account or account of a minor of whom she is the guardian on grounds that the amount is required for treatment of serious ailments or life-threatening diseases of the account holder, spouse or dependent children on production of supporting documents from competent medical authority. Similarly, you will be able to prematurely close your PPF account for higher education needs only if you produce documents and fee bills showing confirmation of admission in a recognised institution in India or abroad. The premature withdrawal, however, comes with a penalty—you will get 1% less interest as applicable from time to time (  http://bi...

Few people know this, but the PPF account has no limit on how many times it can be extended after the initial 15 year block matures. Yes, there is a 15 year lock in, but then you can extend it for periods of 5 years at a time, indefinitely.The extension can be with or without contribution. .

Seeking to contain physical gold demand, the government is likely to issue fifth tranche of sovereign gold bond (SGB) scheme next month. "We are working on some changes with a view to making it more attractive. The next tranche should be issued in September," a senior Finance Ministry official said. In the previous tranche, the government made some changes to make it more attractive and its positive result was visible in terms of mobilisation, the official added. Last month, the government had realised Rs 919 crore through the fourth tranche -- the highest so far. The previous highest was Rs 746 crore, which was realised in the second tranche when the issue price was Rs 2,600 per gram of gold. In the previous round, the issue price was fixed at Rs 3,119. This time around, the amount was mobilised through over 1.95 lakh applications representing around 2.95 tonnes of gold. In the Union Budget 2015-16, the SGB scheme was launched as an alternative to storing phy...

Dewan Housing Finance Corporation on Wednesday said it will raise up to Rs 10,000 crore through issuance of secured non-convertible debentures (NCDs) in one or more tranches. "The company at its meeting held on August 17, 2016, considered and approved the proposal of raising of funds by way of aa public issue of secured non-convertible debentures (NCDs), subject to the receipt of necessary approvals, for an amount up to Rs 2,000 crore along with a green shoe option of up to Rs 8,000 crore, in one or more tranches," Dewan Housing Finance Corporation said in a BSE filing. It further said: "The board of directors has also authorised the Finance Committee to undertake necessary decisions in relation to the proposed Issue, deciding from time to time the tenure of the NCDs, coupon/ interest offered, schedule of payment of interest/coupon and the principal, details of the security/charge to be created in favour of the NCD holders; details of redemption of the NCDs and all...

Indiabulls Housing Finance said it plans to raise a total Rs 7,700 crore by issuing non-convertible debentures (NCDs). Earlier in the day, the company informed about raising Rs 700 crore by issuing NCDs, with a green shoe option, also on a private placement basis. Meanwhile, additional Rs 7,000-crore money raise plan was approved by the Board of Directors at a meeting held recently. The Board has granted permission for public issue of "secured redeemable non-convertible debentures and unsecured redeemable non-convertible debentures having face value of Rs 1,000 each for an amount of Rs 35,000 million with an option to retain over-subscription up to Rs 35,000 million for issuance of additional NCDs aggregating up to Rs 70,000 million", the company said in a BSE filing. The company said it can raise the funds by way of public issue of secured and unsecured non-convertible debentures as well as issue of rupee denominated bonds overseas. The Bond Issue Committee has als...

In yet another indication of exorbitant valuations of small- and mid-cap stocks, mutual fund schemes dedicated to such stocks have reduced allocation, with one even temporarily suspending fresh investments. This is despite the sharp gains registered by the underlying indices in recent months. Estimated net inflows into small- and mid-cap schemes in July   declined to a six-month low of   Rs. 224.6 crore, showed an analysis by Morningstar Investment Adviser India Pvt. Ltd, an arm of the US-headquartered mutual fund tracking and research firm. The balance of the total   Rs. 2,506 crore of equity inflows last month went towards large- and flexi-cap schemes, said industry experts and fund managers. This means for every Rs. 1 invested into small- and mid-cap schemes in July, about Rs. 9.84 was allocated towards large- and flexi-cap schemes. On an average, year-to-date, for every   Rs. 1 invested into small-sized companies,   Rs...

What is remarkable about these stocks is that the investors have incrementally raised their stake without trimming their holding -- not even once. From June quarter of 2015 till date, about one-fourths of the stocks (or 10 stocks) have given returns of over 50 percent. In the same list, 4 have given over 100 percent returns from June quarter of 2015 till date.  Chennai Petroleum Corporation Limited  (CPCL) topped the list gaining 323 percent. However, there are also a few stocks like  KPIT Tech , JSW Energy  and  Gateway Distriparks  which have slipped over 30 percent in the same period.

 

(Reuters) - India's capital market regulator has relaxed exposure norms for debt mutual funds investing in housing finance companies for better supply of funds to the low-cost housing sector. The Securities and Exchange Board of India said on Wednesday that debt mutual funds can now invest an additional 10 percent in housing finance companies above the 25 percent sectoral limit. SEBI had earlier allowed a 5 percent additional limit for housing finance companies.

                                                  IPO Note of "RBL Bank Limited || Issue Details       RBL Bank Limited Issue Period Issue Opens On*:   Friday, August 19, 2016 Issue Closes On  :  Tuesday , August 23, 2016 *The Anchor Investor Bidding Date shall be one Working Day prior to the Bid/ Issue Opening date. Price Band Rs. 224 - 225 Bid Lot 65 Equity Shares and multiple thereof Offer Details   Fresh Issue of Rs.832.50 Crores + Offer for Sale of up to 1...