BUSINESS
MC Analysis | At 6.16%, call money rate is below RBI’s 6.25% repo rate after 4 months
The reversal in trend may be attributed to a sharp improvement in the banking sector liquidity situation.
BUSINESS
Three reasons why Indian bond yield hits 3-year lows and why it points at more rate cuts
The yield on government securities, especially the 10-year benchmark bond, has been witnessing a reduction since the start of this month. Data indicates that it has eased 15 bps so far in March.
BUSINESS
Indian bond yields hit over 3-year low amid rate cut expectation
According to the Bloomberg data, yield on 10-year benchmark bond was lowest since January 19, 2022, when it was at 6.60 percent. Yield on the government securities, especially 10-year benchmark bonds have been seeing a reduction since start of this month. Data showed that it has eased 14 bps so far in March.
BUSINESS
IndusInd Bank’s CD issuances spike over 5x in March
The bank has raised over Rs 16,500 crore of certificate of deposits this month, so far, against a monthly run-rate of Rs 2,000 – 3,000 crore till February
BUSINESS
Need to be mindful that measures are not over-zealous, stifle investment: RBI Governor at FATF event
Governor Malhotra said the central bank continues to make financial systems safe and secure against money laundering and terrorist financing, and India accords a lot of importance to anti-money laundering measures and countering of the financing of terrorism.
BUSINESS
Revised PSL norms to improve bank credit to weaker section, boost financial inclusion
An IIFL report also said that the easing of PSL guidelines should help banks with relatively lower organic PSL generation such as RBL Bank, IndusInd Bank and Federal Bank in Financial year 2023-24.
BUSINESS
BHIM 3.0 app to monitor customer satisfaction, ensure suitable address mechanism to retain users: RBI ED Vivek Deep
Deep also said that while customer acquisition is a challenge, maintaining or sustaining those customers is a far greater challenge.
BUSINESS
India set for a second consecutive rate cut in April amid global central bank caution on easing
In India, economists say macroeconomic conditions are better placed due to lower inflation, which is below the RBI’s medium-term target of 4 percent, and a growth bounceback in the third quarter of this fiscal year, which may lead to a 25 bps rate cut in the April monetary policy.
BUSINESS
Non-bank bond brokers hesitant to opt for NDS-OM platform over cost burden
RBI’s norms say that entities eligible to seek direct access to NDS-OM must have Subsidiary General Ledger (SGL) with the RBI, a Current Account with the Reserve Bank or a Designated Settlement Bank, and membership of securities settlement segment of the Clearing Corporation of India (CCIL).
CURRENCY
Rupee ends near three-month high against dollar after erasing most of its losses for 2025
In 2025, the local currency was down 0.03 percent. The local currency ended at best in over two months and best since January 1, 2025, when it was trading at 85.6488 against the US dollar, according to the Bloomberg data.
BUSINESS
Rupee logs best week in over 2 years; here are three major reasons
The local currency rose to a 10-week high of 85.9375 during the session and gained 1.2% in the week. This has been the best level for the rupee since January 9, when it traded near 85.8638 against the US dollar.
BUSINESS
IndusInd Bank, HDFC Bank biggest issuers of CDs among private lenders this month
IndusInd Bank raised Rs 17,550 crore through CDs, which is 10.2 percent of the total issuances, and HDFC Bank raised Rs 19,640 crore, which is 11.4 percent of the total
BUSINESS
Rupee logs best week in over two years on the back of dollar inflows, strengthens above 86/$
The Indian rupee has been on the appreciating spree for the last few sessions, on dollar liquidity provided by the Reserve Bank of India (RBI) through USD/INR Buy/Sell swap auction, and regular interventions by central bank, experts have said.
BUSINESS
Policymakers have to balance rising prices amid tariffs, currency depreciation, says RBI bulletin
The bulletin said despite the turbulent global environment, the Indian economy continues to demonstrate resilience because the growth momentum is supported by robust sectoral performance and improving consumption trends.
BUSINESS
Banks relying on CDs for funding requirement amid credit-deposit growth mismatch: RBI Bulletin
In the primary market, issuances of CDs grew by 34 percent on-year to reach an all-time high of Rs 10.58 lakh crore during 2024-25 (up to March 7, 2025), RBI bulletin said.
BUSINESS
RBI Bulletin says economic indicators showing sustained momentum in Q4FY25 growth
The Indian economy recovered in the December quarter to grow at 6.2 percent after sinking to a seven-quarter low of 5.6 percent in the July-September period, according to data released on February 28.
BUSINESS
Derivatives issue specific to IndusInd Bank, not an industry-wide problem, RBI review likely to say
On March 12, Moneycontrol reported that RBI had begun a review of derivative books of private and state-owned banks after IndusInd Bank reported discrepancies in accounting related to forex derivatives
BUSINESS
SBI likely the top investor in IndusInd Bank’s CDs
Moneycontrol reported on March 18 that state-owned banks subscribed to the bulk of Rs 12,850-crore worth of certificates of deposits issued by IndusInd Bank
BUSINESS
Ashok Hinduja says it is 'opportune time' to increase stake in IndusInd Bank
IIHL also announced the completion of Reliance Capital's acquisition
BUSINESS
RBI retail direct total primary market subscription rises 51% on-year in March
Majority of the subscription has come into treasury bills, which is almost double of the previous year
BUSINESS
PSU banks likely subscribed Rs 12,850 crore of CDs issued by IndusInd Bank on March 17
According to the Clearing Corporation of India data, IndusInd Bank raised Rs 11,000 crore worth of CDs on March 11 and Rs 1,850 crore on March 10
BANKING
Banks need to identify roadmaps for timely capital raising: DFS secretary Nagaraju
He also said that banks also need to do efficient allocation of resources besides striving to bring down intermediation costs
BANKING
IBA must drive innovation, strengthen regulation for Viksit Bharat: DFS secretary Nagaraju
Nagaraju highlights the need for the association to establish uniform ethical and operational standards, facilitate policy dialogue with the government
BUSINESS
Mumbai Police’s EOW may question RBI officials in the New India Cooperative Bank case
The questioning of RBI officials could be based on the inspection conducted on the cooperative bank, to examine what prompted the officials to give a positive report when there were discrepancies.
