BUSINESS
RBI declines investors' bids for 91-day, 182-day T-bills, a rare step amid tight liquidity
This has happened after nine years for the 182-day T-Bill, and after 23 months for the 91-day T-Bill, as per RBI data. Last time, when the central bank did not accepted bids on 182-day and 91-day T-Bills was on February 24, 2016, and on March 29, 2023, respectively.
BUSINESS
Short-term yield on corporate bonds higher than long-term yields due to tight liquidity
Yield on AAA-rated corporate bonds have remained inverted since 18-months for 10-year and 3-year, and since 13 months it is inverted between 10-year and 5 years.
BUSINESS
Flows in NRI deposits rises 43% in April-December 2024 to $13.33 billion, says RBI
Of the total between April and December 2024-25, FCNR(B) deposits have grown sharply by 87.3 percent to $6.47 billion, from $3.45 billion in a year ago period.
BUSINESS
Co-existence of deficit liquidity, heavy funds deployed in SDF show skewed distribution of liquidity: RBI Bulletin
System liquidity has turned into deficit since mid-December 2024 due to build-up in government cash balances driven by the usual quarter-end advance tax outflows, monthly GST payments, capital outflows and currency leakage.
BUSINESS
High frequency indicators point towards a sequential pick up in economic activity momentum in H2FY25: RBI bulletin
Industrial activity has recorded an improvement over the previous quarter, as reflected in the Purchasing Managers’ Index (PMI) in January, Bulletin said.
BUSINESS
Reliance Industries is India's most valuable company in Burgundy Private-Hurun India report
The Mukesh Ambani-led company was followed by Tata Consultancy Services and HDFC Bank.
BUSINESS
Economy needs support on growth side, RBI should first focus on liquidity, says Neelkanth Mishra
Mishra on the rate cut front said that further rate cut is recommended due to tight liquidity conditions, but more liquidity measures are required
BUSINESS
Auditors of AGS Transact issued an adverse report after Q3FY25 results
AGS Transact has defaulted/delayed in certain loan repayments, GST registrations in certain states have been suspended/cancelled and there have been delays in payment of statutory dues, employee salaries and vendor payments, a Crisil note observed.
BUSINESS
Government may increase deposit insurance amount, says DFS Nagaraju
At present, depositors of stressed banks, like those of New India Co-operative Bank, can claim up to Rs 5 lakh from the DICGC
BUSINESS
Under Malhotra, RBI has pumped in Rs 43 lakh crore in banking system to meet liquidity needs
Liquidity deficit swung from Rs 30,000 crore to Rs 3 lakh crore between December 16 and February 14 due to tax outflows, RBI intervention in the forex market and limited spending by government, the central bank's data shows
BUSINESS
Alleged misappropriation of funds by staff at New India Co-operative likely reason behind RBI action
On February 13, the RBI had restricted New India Co-operative bank from doing fresh business and accepting deposits, citing supervisory concerns.
BUSINESS
Amid high liquidity deficit, RBI may continue heavy liquidity infusion
Between February 10 and February 14, the central bank has infused Rs 9.81 lakh crore through daily VRR auctions
BUSINESS
Lenders working on CBDCs to ensure ease of doing transactions, says Bank of Baroda CEO
On cyber security, BoB CEO and MD said that the banking industry needs to work on protecting the sanctity of the financial system.
BUSINESS
Karnataka MFI ordinance: Collections likely to get impacted in state
While Karnataka may not turn into a no-go zone for microfinance lenders, industry executives caution that, in the near-term, there could be some disruptions in operations.
BUSINESS
Aided by improving macros, bond yield remains range bound
Usually, when the global tension rises, bond yields react negatively and rise, but this time due to better economic conditions and huge demand from domestic and foreign investors, it remained range bound.
BUSINESS
RBI gold stockpile grows despite fall in overall forex reserves amid global uncertainties
Finance Minister Nirmala Sitharaman on February 10 told the Lok Sabha that India’s rising gold reserves, including those held by the RBI, were not intended to replace any international currency.
BUSINESS
Indian rupee outperforms Asian peers at close on RBI's likely intervention
The local currency gained almost 1 percent and closed at 86.8300 against the US dollar on February 11, as compared to 87.48 against the greenback close on the previous trading session.
BUSINESS
RBI intervention in forex rises as Indian Rupee turns volatile
Data suggests that the forex reserves of the RBI has declined sharply by over $75 billion since September 27. This was the period when the Indian rupee depreciated from 83.70 against the US Dollar on September 27, to 87.96 against the greenback on February 10.
BUSINESS
Rupee gains the most in 2 weeks against dollar on likely intervention by RBI
The central bank’s stated objective is to maintain orderliness and stability, without compromising market efficiency, RBI governor Sanjay Malhotra has said during February policy review
BUSINESS
Rupee rises most in over two years to reclaim 87 per dollar on likely RBI intervention
The local currency, on February 10, touched a new record low at 87.9563 against the US dollar due to the new tariff plan rollout by Trump.
BUSINESS
MC Explainer| All you need to know about standing deposit facility
SDF is a tool to absorb liquidity from commercial banks without giving government securities in return. It replaced the reverse repo as a floor for the LAF corridor in 2022.
BUSINESS
'Market forces' push Rupee to record low near 88 per dollar, RBI Governor 'not targetting' any level
The presence of the RBI in the foreign exchange market has made Indian rupee least volatile among Asian peers. According to the Bloomberg data, Indian rupee depreciated 3.2 percent since December 11.
BUSINESS
RBI to inject as much liquidity as required by banks
Banking system liquidity has been under stress in the last few weeks due to various reasons such as tax outflows, heavy intervention by RBI in forex market to sell dollars, and less government spending.
BUSINESS
RBI's repo rate cut welcomed by bank leaders, expected to ensure liquidity while monitoring inflation
However, some banks acknowledged the short-term impact on their profitability, with expectations of eventual recovery
