IL&FS impact: Sebi board meeting to decide on derisking liquid funds

Mumbai: The board of capital markets regulator Securities and Exchange Board of India (Sebi) will discuss on 13 December whether mutual funds (MFs) should be allowed so-called ‘side-pocketing’ where liquid schemes separate their risky securities from the rest, two people… Continue Reading

Nervous Indian firms buy the shortest-term debt they can

Mumbai: Corporate treasury departments in India have become so concerned about credit risk they’re increasingly parking their cash in securities maturing overnight. Assets with overnight funds soared to Rs 123 billion ($1.8 billion) last month, from Rs 39 billion in… Continue Reading