BANKS REQUEST THE FINANCE MINISTRY AND RBI TO RELAX ECB RULES

Highlights

• According to the data given by Singapore-based firm BondEvalue, a set of 53 bonds now globally yield spreads of over 450 basis points

• If the Finance Ministry and the RBI approve relaxation, the companies facing shortage of funds can rake in funds from overseas

According to the reports, top investment bankers in the country have approached the Finance Ministry and the Reserve Bank of India ....