Rakesh Mohan, Deputy governor, RBI Speech in May 2007, FMD in India
http://www.bis.org/review/r070523e.pdf
General Notification on Issue of State Government Securities by Orissa Government 20 July 2007
http://orissagov.nic.in/govtpress/pdf/2007/1190.pdf
EquityBroking - Indian Scenario Dun and Bradstreet
http://www.dnb.co.in/EquityBroking/Indian%20Scenario.asp
http://www.dnb.co.in/EquityBroking/Industry%20Insights.asp
List of broking companies with details on branches, employees, and subbrokers
http://www.dnb.co.in/EquityBroking/company_listing.asp?q=CompanyName
Development of Local Currency Bond Markets: The Indian Experience
www.un.org/esa/ffd/Multi-StakeholderConsultations/FFDO/SovereignDebt/shyamala%20gopinath.pdf
Thursday, August 30, 2007
Wednesday, June 6, 2007
Session - Plan
Course Title: Financial Institutions & Markets
Prescribed Content
Savings and Financial Intermediation,
Primary Market,
Secondary Market,
Money Market & Government Securities Market,
Market Regulators,
Financial Intermediaries,
Cooperative Credit,
Development Banking,
Investment Banking,
Commercial Banking,
Non Banking Finance Company,
Mutual Funds,
Insurance CompaniesFaculty: Dr. K.V.S.S. Narayana Rao
http://www.kvssnrao-fin-mkts.blogspot.com/
Session Plan
Class Topic Chapter in Bhole
No.
1. Introduction to the course objectives -
2. Savings and Financial Intermediation 1
3. Regulators – RBI 6
4. Regulators – SEBI 7
5. –do-
6. Commercial banking 8
7. -do-
8. Cooperative banking 9
9. Non banking finance company 10
10. Money Market – Call money 16
11. Money Market – Treasury bills 17
12. Money Market - Commercial bills 18
13. Government Securities market 22
14. -do-
15. Industrial Securities Market 23
16. -do-
17. Development Banking 15
18. -do-
19. Mutual Funds 12
20. -do-
21. Insurance Companies 11
22. -do-
23. Investment Banking 16* from Saunders & Cornett
24. -do-
Prescribed Content
Savings and Financial Intermediation,
Primary Market,
Secondary Market,
Money Market & Government Securities Market,
Market Regulators,
Financial Intermediaries,
Cooperative Credit,
Development Banking,
Investment Banking,
Commercial Banking,
Non Banking Finance Company,
Mutual Funds,
Insurance CompaniesFaculty: Dr. K.V.S.S. Narayana Rao
http://www.kvssnrao-fin-mkts.blogspot.com/
Session Plan
Class Topic Chapter in Bhole
No.
1. Introduction to the course objectives -
2. Savings and Financial Intermediation 1
3. Regulators – RBI 6
4. Regulators – SEBI 7
5. –do-
6. Commercial banking 8
7. -do-
8. Cooperative banking 9
9. Non banking finance company 10
10. Money Market – Call money 16
11. Money Market – Treasury bills 17
12. Money Market - Commercial bills 18
13. Government Securities market 22
14. -do-
15. Industrial Securities Market 23
16. -do-
17. Development Banking 15
18. -do-
19. Mutual Funds 12
20. -do-
21. Insurance Companies 11
22. -do-
23. Investment Banking 16* from Saunders & Cornett
24. -do-
Monday, May 21, 2007
NTN(FMD) 22 May 2007
The ET 22 May 2007
Page 1
Extra voting rights of foreigners may go. For sectors where FDI is restricted, government wants that voting rights are up to that limit only. there is a possibility that foreigners enjoy extra voting rights by giving themselves shares with extra voting rights as Co. Act allows it.
Page 1
Extra voting rights of foreigners may go. For sectors where FDI is restricted, government wants that voting rights are up to that limit only. there is a possibility that foreigners enjoy extra voting rights by giving themselves shares with extra voting rights as Co. Act allows it.
Sunday, May 20, 2007
NTN(FMD) 21 May 2007
The Economic Times 19 May 2007
page 1 and page 13
ECB Norms tightened. Interest rate ceiling for raising debt lowered by 50-100 Bps.
Funds raised via ECB in 2006-07 crossed $22-billion-mark, aninternal cap fixed by the government for the previous fiscal.
page 1 and page 13
ECB Norms tightened. Interest rate ceiling for raising debt lowered by 50-100 Bps.
Funds raised via ECB in 2006-07 crossed $22-billion-mark, aninternal cap fixed by the government for the previous fiscal.
Friday, May 18, 2007
Blog on FM Developments
http://www.intelligentguess.com/blog/about/
Intelligentguess is a collaborative blog written by :
Dheeraj Singh who currently heads the fixed income desk at a leading fund management company in India;
email: dheeraj.ds [AT] gmail.com
&
Gautam Rao who designs and advises on risk management strategies, for corporates who have exposures on - currency, commodity and other financial markets.
email: brahma@intelligentguess.com
Intelligentguess is a collaborative blog written by :
Dheeraj Singh who currently heads the fixed income desk at a leading fund management company in India;
email: dheeraj.ds [AT] gmail.com
&
Gautam Rao who designs and advises on risk management strategies, for corporates who have exposures on - currency, commodity and other financial markets.
email: brahma@intelligentguess.com
News to Note (NTNFMD) 18-5-2007
Mint 17-5-2007
Page 3
Sovereign Ratings : India stable, but no upgrade: Moody's
The verdict remained unchanged since January 2004 when it rated India "investment-grade."
Moody's currently rates the country's foreign currency debt at Baa3 and local ucrrency debt at Ba2, with a stable outlook. It said that an upgrade would happen only with "significant improvement in government debt dynamics".
Mint 18 May 2007
Page 15
Calibrated entry for credit default swaps
Concerned DBOD circular
DBOD.No.BP. 1409 / 21.04.157 /2006-07
May 16, 2007
The Chairman / Chief Executive Officer,
All Commercial Banks (excluding RRBs and LABs) and
Primary Dealers
Dear Sir,
Annual Policy Statement 2007- 08:
Draft Guidelines on Credit Default Swaps
Please refer to paragraph 175 of the Annual Policy Statement 2007 – 08 wherein it was indicated that as a part of the gradual process of financial sector liberalization in India it is considered appropriate to introduce credit derivatives in a calibrated manner at this juncture. Accordingly, to begin with, it has been decided to permit Commercial Banks and Primary Dealers to begin transacting in single-entity credit default swaps.
2. In view of the complexities involved it has been decided to initially issue the proposed guidelines for implementation as a first draft for comments and feedback from various stake holders. The draft guidelines putting in place a regulatory framework for transacting of credit default swaps is given in the Annex.
3. Your comments / feedback should be sent to the undersigned at the following address and by email within one month from the date of this letter.
Department of Banking Operations and Development
Reserve Bank of India
12th floor, Central Office Building
Shahid Bhagat Singh Marg
Mumbai – 400 001
Page 18
RBI seeks comments on credit derivatives. bankers said they liked the depth and breadth of the guidelines and felt they offered a good framework to develop the Indian market for the derivatives.
Page 3
Sovereign Ratings : India stable, but no upgrade: Moody's
The verdict remained unchanged since January 2004 when it rated India "investment-grade."
Moody's currently rates the country's foreign currency debt at Baa3 and local ucrrency debt at Ba2, with a stable outlook. It said that an upgrade would happen only with "significant improvement in government debt dynamics".
Mint 18 May 2007
Page 15
Calibrated entry for credit default swaps
Concerned DBOD circular
DBOD.No.BP. 1409 / 21.04.157 /2006-07
May 16, 2007
The Chairman / Chief Executive Officer,
All Commercial Banks (excluding RRBs and LABs) and
Primary Dealers
Dear Sir,
Annual Policy Statement 2007- 08:
Draft Guidelines on Credit Default Swaps
Please refer to paragraph 175 of the Annual Policy Statement 2007 – 08 wherein it was indicated that as a part of the gradual process of financial sector liberalization in India it is considered appropriate to introduce credit derivatives in a calibrated manner at this juncture. Accordingly, to begin with, it has been decided to permit Commercial Banks and Primary Dealers to begin transacting in single-entity credit default swaps.
2. In view of the complexities involved it has been decided to initially issue the proposed guidelines for implementation as a first draft for comments and feedback from various stake holders. The draft guidelines putting in place a regulatory framework for transacting of credit default swaps is given in the Annex.
3. Your comments / feedback should be sent to the undersigned at the following address and by email within one month from the date of this letter.
Department of Banking Operations and Development
Reserve Bank of India
12th floor, Central Office Building
Shahid Bhagat Singh Marg
Mumbai – 400 001
Page 18
RBI seeks comments on credit derivatives. bankers said they liked the depth and breadth of the guidelines and felt they offered a good framework to develop the Indian market for the derivatives.
Monday, May 14, 2007
Financial Markets
Blog to record topics related to financial market development in India and abroad.
KVSSNRao
KVSSNRao
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