Indias debt capital markets moderated by three percent in 2017 with a year-on-year growth of 16 percent in the value of corporate bonds outstanding as on December 2017.
The issue of impaired assets may be far from over for the banking system as gross non- performing assets have grown by 34.5 percent in the Dec quarter, says a report.
Asian shares flirted with six-week lows as U.S. bond yields crept up towards four-year highs as investors fretted that low borrowing costs enjoyed by companies.
US stocks opened sharply lower on Monday as rising bond yields continued to fuel the selloff in equities and hints of inflation pickup triggered concerns.
Dollar traded above a recent three-year low against a basket of major currencies, having drawn some support from a rise in US bond yields.
Asian stocks retreated from record highs after a selloff in Apple shares knocked Wall Street lower, while the dollar found support as US bond yields climbed.
The recent spike in government bond yields are credit negative for public-sector banks as it would affect the lenders overall profitability, says a report.
The govt would only borrow an additional 200 bn rupees ($3.13 bn) versus an initial plan of 500 bn rupees for the fiscal year ending in March, the ministry said.
Most euro zone government bond yields were 1-2 basis points higher at the open.
Overseas investors poured in a staggering Rs 1.5 lakh crore in the Indian debt markets in 2017 on the back of higher bond yields and stable currency.
To Issue Rs 8800 Cr worth equity shares on preferential basis to GoI
SBI puts Rs 1935 Cr worth loans up for sale to 24 entities
Seeks bids on cash basis or a mix of cash and security receipts
Approves Issue Price At Rs 300.82/Share For Preferential Issue To Govt
Financial Express Reports
POWER GRID CORP
Emerges as lowest bidder for Rs 1000 cr project
To set up Vindhychaal-Varanasi 765 KV transmission line
Financial Express Reports
Arm To Buy 65% Stake In Indian Film Combine Pvt For Rs 1,105 Cr
Arm To Also Buy 20% Of Indian Film Combine From Xander Group Arm, 45% from Co's Promoter Group
Announces successful regulatory inspection from USFDA for API Facility for Hyderabad Facility
AVIATION IN FOCUS
Jan Domestic Air Passenger Traffic At 1.15 Cr, Up 19.7% YoY
Air India Jan Passenger Load Factor At 84.6% vs 81.8% MoM
Jet Airways Jan Passenger Load Factor At 88.7% vs 88.5% MoM
IndiGo Jan Passenger Load Factor At 89.7% vs 90.8% MoM
SpiceJet Jan Passenger Load Factor At 95.0% vs 95.6% MoM
Air India Jan Market Share At 13.3% vs 13.1% MoM
Jet Airways Jan Market Share At 14.3% vs 14.6% MoM
IndiGo Jan Market Share At 39.7% vs 39.4% MoM
SpiceJet Jan Market Share At 12.6% vs 12.7% MoM