BUSINESS
RBI likely to announce Rs 2.5-3 trillion dividend transfer to government today
The RBI is likely to announce dividend transfer today. Last year, the central bank transferred Rs 2.1 lakh crore. The Centre expects to receive Rs 2.56 lakh crore from the RBI and public sector banks in FY26, finance minister Nirmala Sitharaman said in her Budget speech
BUSINESS
Bhushan Steel - JSW SC Verdict: CoC, Govt working on likely remedies
On May 5, secretary of Department of Financial Services, M. Nagaraju said that the government is studying the judgement and may finalise the next step after consultation with government advocates
BUSINESS
Indian Overseas Bank expects MTNL account resolution in 2-3 quarters
IOB MD and CEO Srivastava said the bank has made a 100 percent provision on this account from the cushion created on their balance sheet.
BUSINESS
DFS Secretary denies plans to merge state-owned insurers
Last week, some media reports had said that the government is considering the merger of four state-owned general insurance companies into a single entity. These companies are New India Assurance, National Insurance, Oriental Insurance and United India Insurance.
BANKING
IDBI Bank stake sale to get completed by end of 2025: DFS secretary
Government and LIC plan to jointly offload a 61 percent stake in the lender, which includes 30.48 percent held by the Centre and 30.24 percent by the insurance firm
BUSINESS
No operational challenges even as RBI's working group recommends extending call money market timing: SBI Chairman CS Setty
On May 2, RBI's working group has recommended the extending of trading timings for the call money market to 7 PM from the current timing of 5 PM.
BUSINESS
Indian Overseas Bank’s Rs 4,000-crore equity capital raise plan to lower govt’s holding to 90%: CEO
As on March 31, government holds 94.61 percent stake in the Indian Overseas Bank.
BUSINESS
MC Analysis| Rupee has gained over 2% in 2025
Easing tariff tensions which prompted Trump to say that talks with India were "going great," and the possibility that the two nations could soon reach a deal have helped the local currency.
BUSINESS
FPI investment in G-secs still slow despite pause on Trump tariffs in a sign of caution
According to Clearing Corporation of India’s (CCIL) data, foreign investors investment in government bonds stood at Rs 2.95 lakh crore as on May 2, compared to Rs 3.06 lakh crore as on April 2, before the imposition of Trump's tariffs.
BUSINESS
Rupee extends gains, below 84/$ for the first time since October 2024
Currency experts said that inflows into equities and debt, and positive talks between India and US on tariffs is helping Indian rupee to gain
BUSINESS
RBI’s liquidity injection via OMO purchases to help ease bond yields
On April 28, RBI has announced OMO purchase auctions of government securities for an aggregate amount of Rs 1.25 lakh crore in four tranches
BUSINESS
Wholesale CBDC yet to click with traders, market participants
The RBI launched the wholesale pilot of CBDC on November 1, 2022, to settle G-Secs trades using the digital rupee
BUSINESS
India to remain fastest growing economy despite ongoing trade war: MPC member Nagesh Kumar
On the inflation and rate action front, Kumar said that easing inflation and further data points, which suggest that CPI inflation will remain within the target range of 4 percent, giving the central bank more room to cut more rates
BUSINESS
Calibrated policy can help turn global volatility into an opportunity: RBI bulletin
The imposition of tariffs by US President Trump earlier this month had jolted the global economy and financial markets, including India, fanning potential slowdown fears, however, the uncertainty has eased after Trump paused the reciprocal tariffs for 90 days.
BUSINESS
Banks say new LCR norms a mixed bag, 2.5% run-off rate on IMB deposits disappointing
According to an analyst, the central bank's norms will improve LCR of banks by of 6 percent, which can boost credit deployment by 1.4-1.6 percent
BUSINESS
Banks fear potential hit on margins amid chance of more RBI rate cuts in FY26
There is a growing consensus among market participants that the RBI will cut more rates in the coming policies, in order to support growth amid a tariff war, with a cooling inflation providing the elbow room for lower rates.
BUSINESS
HDFC Bank may maintain margins at 3.4-3.5% in coming quarters
Bank’s management expect that the loan and deposit growth of the bank is expected to be better than the industry only in FY27.
BUSINESS
ICICI Bank remains cautious on overseas loan book amid global uncertainties
The share of the overseas book of the bank, of the total advances stood at 2.3 percent, which was 2.40 percent in a quarter ago period, and 2.82 percent in a year ago period.
BUSINESS
Tariffs war intensification to disrupt global supply chain, says FM Nirmala Sitharaman
Sitharaman said that the retail participation is also significant and an increase in their participation is a reflection of India's strong economic fundamentals.
BUSINESS
Cooling retail inflation may allow RBI to front-load rate cuts, say economists
Last week, the central bank's monetary policy committee reduced the repo rate by 25 basis points, the second such cut in a row, on benign inflation outlook and moderate growth
BUSINESS
Saving accounts rate cut by banks may see marginal movement of funds to other financial instruments
In April monetary policy, the RBI cut repo rate by 25 basis points for the second time in a row. In response, banks have slashed their deposit as well as lending rates.
BUSINESS
12 banks report drop in deposit growth in Q4 FY25 as mobilisation challenges persist
In the January–March quarter, the RBI slashed the repo rate by 25 basis points in its February monetary policy, prompting banks to offer lower rates on maturing deposits and sacrifice deposit growth.
BUSINESS
Rupee second worst performing Asian currency amid global uncertainty
According to Bloomberg data, the Indian currency was down 0.73 percent on April 11, from April 1, the biggest drop in Asia barring the Indonesian rupiah, which lost 1.40 percent over the same period.
BUSINESS
MC Explains | What RBI’s 'Accommodative' stance means for interest rates and the economy
During an accommodative policy period, the central bank is willing to cut interest rates or maintain the status quo, if required, to support the economy. A rate hike is ruled out.
