Banks Bid Rs 1.6 Trillion in Variable Rate Repo Auction Amid Tightening Liquidity
In a significant move following the Reserve Bank of India’s (RBI) issuance of fresh guidelines, State Bank of India (SBI) and Standard Chartered Bank India conducted a Credit Default Swap (CDS) trade valued at ₹25 crore. This marks a notable development in the financial landscape, particularly in credit risk management.
The trade involved a 1-year rupee CDS featuring REC, as disclosed by senior executives at Standard Chartered Bank.
“This landmark transaction marks a pivotal moment in credit risk management and underscores the growing sophistication of financial instruments in the Indian market,” stated Parul Mittal Sinha, Head of Financial Markets, India, at Standard Chartered Bank.
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