BUSINESS
Share of household deposits in GDP rises in FY24 contrary to expectations
Share of total deposit of households in the GDP has increased to 4.7 percent in FY24, from 4.1 percent in a year ago period despite the stress in the deposit mobilisation for banks, according to ICICI Bank Global Market report.
BUSINESS
Need stable surplus liquidity to lower pressure on bank lending rates, ease financing: India Ratings
Liquidity in the banking system came under pressure due to various factors, such as tax outflows and the RBI’s intervention in the forex market to stabilise the rupee.
BUSINESS
Indian rupee falls 9 paise on strong dollar, rise in oil prices
At 10:30 AM, Indian rupee was trading at 85.83 against the US dollar, as compared to 85.82 at open and 85.72 at previous close against the greenback.
BUSINESS
MC Explains| All you need to know about RBI's forex intervention tools to curb rupee fall
The Indian rupee has come under pressure in the last few weeks due to various domestic as well as international factors. These include India’s sluggish growth, outflows by foreign investors from Indian equities, and a strong dollar index.
BUSINESS
India Ratings revises down banks’ credit growth forecast for FY25
Banks' profitability is at an inflexion point and is likely to moderate in 2025-26, says India Ratings
BUSINESS
RBI intervention, a breather in dollar rally help rupee to recover in early trade
The local currency was trading at 85.70 against the US dollar after opening at 85.78. The rupee ended the previous day at 85.83 against the greenback
BUSINESS
Corporate bond issuance surges to 3-month high of Rs 1.05 lakh crore in December
Corporate bond issuances surged to all-time high in 2024 due to low interest rates amid higher demand from long-term investors and infrastructure bond issuances by banks. Corporates raised Rs 10.66 lakh crore in the year gone by
BUSINESS
High liquidity deficit forces RBI to infuse record funds in December via VRR auctions
The RBI has infused Rs 9.36 lakh crore through 14 VRR auctions, and additional liquidity worth Rs 1.16 lakh crore through a CRR cut.
BUSINESS
Moderation in rates and cooling inflation likely in 2025
The RBI kept the repo rate unchanged for the 11th consecutive time in its December policy after increasing it by 250 basis points from May 2022 to February 2023.
BUSINESS
Banks’ treasury income to remain muted in Q3 on narrow yield movement of govt securities
The yields have moved in a narrow range due to low demand from foreign portfolio investors and stable domestic conditions. Further, sluggish growth and widened merchandise trade deficit, and rising US Treasury yield kept yields on government securities in the tight range.
BUSINESS
Rupee declines to 85.76 as strong dollar demand, weaker yuan put pressure
In the near-term, emerging market currencies are expected to be guided by how incoming US economic data shapes expectations of rate cuts by the Federal Reserve
BUSINESS
Indian rupee may face pressure in 2025 as strong dollar, geopolitics, and RBI interventions shape outlook
Going forward, experts believe the Reserve Bank of India will continue to intervene in the currency market to curb volatility. Additionally, the central bank may allow the rupee to depreciate with shallow intervention if other Asian currencies continue to fall.
BUSINESS
FPI investment in govt securities in JP Morgan bond index doubled in 2024
Going ahead, money market experts believe that another two-bond inclusion next year is expected to increase flows in these bonds
BUSINESS
RBI unlikely to change intervention strategy in currency market to make rupee stable: Experts
The Indian rupee remains the least volatile currency among its Asian peers and depreciated only 2.74 percent year-to-date
BUSINESS
Real GDP growth to recover in Q3, Q4 of FY25, says RBI’s report
During H1:2024-25, real GDP growth (y-o-y) moderated to 6.0 percent from 8.2 percent and 8.1 percent growth recorded during H1 and H2 of 2023-24, respectively.
BUSINESS
Higher outflows from banking system sucks out liquidity infused via CRR cut
Banking system has received liquidity worth Rs 1.16 lakh crore after the CRR cut by the RBI. The liquidity was infused in two tranches on December 14 and December 28.
BUSINESS
Rupee recovers a bit after strong dollar demand pushes it to all-time low of 85.81
For the year so far, the rupee has weakened by 3 percent against the US dollar
BUSINESS
Muthoot Fincorp to reorganise lending portfolio to 70% gold loans, 30% others in 4 years: CEO Shaji Varghese
The company has reviewed their policies and practices of business after the Reserve Bank of India (RBI) in September asked lenders to review it and rectify any deficiencies. Muthoot Fincorp did not find any deficiency, and everything is complied with guidelines, said Shaji Varghese.
BUSINESS
Higher deficit liquidity increases RBI’s liquidity injection via VRR auctions
The central bank has so far conducted nine variable rate repo (VRR) auctions so far this month to support liquidity in the banking system
BUSINESS
National Pension System’s AUM to rise to Rs 15 lakh crore by FY25-end, says PFRDA chairman Deepak Mohanty
According to the PFRDA data, AUM of the NPS stood at Rs 13.55 lakh crore as on November 30, 2024, as compared to Rs 11.72 lakh crore as on March 31, 2024.
BUSINESS
Expected rise in senior citizens positions NPS as India's pension cornerstone: LIC's Siddhartha Mohanty
Scheme C in the non-government sector has delivered an average return of 9.4 percent over the last 15 years, outperforming corporate bond funds managed by mutual funds at 7.4 percent. Scheme G in the non-government sector has achieved an average return of 8.8 percent, Mohanty said.
BUSINESS
RBI does not have to follow what other central banks do, says MPC external member Nagesh Kumar
Going ahead, Kumar said that MPC meeting in February would take stock of how the inflation-growth balance was shaping up between now and then against the backdrop of global trends.
BUSINESS
Galaxy Health Insurance to prioritise agency sales channels for a few years: CEO G Srinivasan
In the last one and a half months since launch, the company has sold about 800 policies with a total premium of about Rs 1.5 crore.
BUSINESS
RBI MPC members expect food inflation to ease in Q4, show minutes
In November, India’s retail inflation eased to 5.5 percent in November from a 14-month high of 6.2 percent in the previous month, as food prices cooled off.
