The value of trades in the interbank call money market, which helps lubricate the financial system and is the operating target of the RBI’s monetary policy, has shrunk nearly 40% in the past four years, official data showed. Meanwhile, trades in the two other money market segments – market repos and tri-party repos – have trebled, posing a tricky question for the RBI about its rate-action impact on the economy.
Tata Capital invests in Vodafone Idea bond issue
Non-banking financial companies (NBFCs) like Tata Capital, JM Financial Credit Solutions, Aditya Birla Capital, and Hero Fincorp have collectively invested around ₹1,300 crore in Vodafone