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Expectations from RBI Monetary Policy Committee  Dr M Govinda Rao, Chief Economic Advisor of Brickwork Ratings said that the Reserve Bank is likely to continue with G-sap auctions in order to maintain the yields on government securities in check. He expects that the inflation rate may remain close to the upper bound target of six per cent in the near term. The central bank's committee may continue to pause on the interest rates by maintaining the accommodative stance to support growth as long as inflation remains within the target range of the monetary policy framework, he explained.  '...

» Railways Budget 2021: Faster trains, higher funding and support for green railways — here’s what’s on the experts’ checklist Railways Budget 2021: Faster trains, higher funding and support for green railways — here’s what’s on the experts’ checklist Navdeep YadavJan 28, 2021, 09:51 IST Unsplash According to the ICICI Direct report, the allocation towards the railway budget is expected to be around ₹1.79 lakh crore The Piyush Goyal-led Ministry of Railways will be eyeing support for a new set of Tejas trains, more routes for Kisan Rail, better infra and much more from the...

The benchmark indices traded with minor gains in early afternoon trade. Auto, IT and realty indices witnessed selling pressure. At 12:20 IST, the barometer index, the S&P BSE Sensex, rose 30.37 points or 0.07% at 46,129.38. The Nifty 50 index gained 8.80 points or 0.07% at 13,522.65. In the broader market, the S&P BSE Mid-Cap index added 0.73% while the S&P BSE Small-Cap index rose 0.67%. Both these indices outperformed the Sensex. The market breadth was strong. On the BSE, 1,754 shares rose and 1,056 shares fell. A total of 190 shares were unchanged. The undertone of the market was upbeat a...

The PSU Bank on Friday (11 December) announced it will issue basel-III compliant bonds to raise up to Rs 1,500 crore.In a regulatory filing, Union Bank said, The bank is issuing Basel III compliant perpetual debt instruments in the nature of debentures eligible for inclusion in additional tier 1 capital series XXVII of Rs 500 crore with green shoe option up to Rs 1,000 crore (maximum Rs 1,500 crore) on private placement basis. The coupon on the bonds is fixed at 8.73% per annum and have a face value of Rs 10 lakh per bond. The bonds are rated IND AA/ Stable by India Rating & Research and BWR ...

Perpetual bonds carry no maturity date and hence may be treated as equity, not as debt. The coupon on the bonds is fixed at 8.73 percent per annum.