Libor

RBI nod to masala bonds by Indian firms welcoming as exchange rate risks shift to lenders

Masala bonds shift the exchange rate risks onto the lenders, with all other features of ECB staying intact.

Capital account convertibility inescapable, says RBI

Following the June 1991 liberalisation, the government and the RBI have been progressively lifting curbs on capital flows, which saw the FII investment into domestic debt rise to $31 billion as of now.

Air India may tie up with SBI, Citibank to raise funds through ECB

The sources said that Citibank and SBI had jointly participated in Air India's invitation for offer to raise up to $300 million through the ECB window last month.

Deutsche Bank clears co-CEO Anshu Jain's name in internal Libor probe

Deutsche Bank has concluded co-Chief Executive Anshu Jain is clean after an internal investigation into the role of the bank into the manipulation of global interest rates, German newspaper Frankfurter Allgemeine Sonntagszeitung reported.

Royal Bank of Scotland hit with $50 mn fine for manipulating interest rates

The Royal Bank of Scotland was fined $50 million by a federal judge in the state of Connecticut Monday, part of more than $600 million in penalties announced last year for manipulating interest rates.

Why rupee is vulnerable to manipulation in spot market

The foreign exchange market is considered the most liquid and transparent in the world. However, recent investigations into alleged manipulation of the foreign exchange rates is a reminder that transparent exchange-based systems alone are not enough to ensure fairness<br /><br />

NTPC inks $250 mn loan pact with SBI, Japanese bank

The loan carries a floating rate of interest linked to LIBOR and has a door to door maturity of seven years. <br /><br />

Libor probe: Fired Barclays swaps trader draws scrutiny

Reich, now a portfolio manager with New York-based hedge fund WCG Management, was dismissed from Barclays for allegedly sending inappropriate emails seeking internal bank information

Rate rigging probe escalates, Deutsche under scanner too

The rate-fixing scandal has exploded into the front ranks of politics, especially in Britain, where politicians say the bankers responsible should end up in jail.