BANKING
RBI crackdown on few NBFC-MFI over usurious pricing not industry wide issue: MFIN CEO Alok Misra
On October 17, the central bank took action against four NBFCs and NBFC-MFI citing material supervisory concerns
BUSINESS
Mudra loans won't impact asset quality significantly, says SBI’s Ruma Dey
On August 5, while addressing a question in the Lok Sabha, Finance Minister Nirmala Sitharaman said public sector banks' non-performing assets associated with the Mudra loans have declined to 3.4 percent in the 2023-24 fiscal.
BUSINESS
Gold reserves surge over 200% in Das's regime as RBI governor
Apart from this, total forex reserves also rose 78.1 percent under Das' tenure. Total foreign exchange reserves of India stood at $701.176 billion as on October 4, 2024, as compared to $393.735 billion on December 7, 2018.
BUSINESS
Bank of Maharashtra in talks with 3-4 NBFCs for co-lending partnership, says CEO Nidhu Saxena
The state-owned lender also wants to grow its co-lending book in a major way in this financial year, the official said
BUSINESS
Average daily turnover in currency derivatives rises to six-month high
Volumes in terms of open interest contracts and average daily turnover has been falling since the RBI kicked in new norms in the currency derivatives segment which requires underlying foreign exchange exposure for transacting in exchange-traded rupee derivatives.
INDIA
Rupee weakens past 84-mark for first time against US dollar on foreign outflows
The currency slipped 0.1 percent to a record low of 84.11 on Friday. FIIs have offloaded $5.7 billion in stocks and $125 million in bonds this month, as per NSDL data.
BUSINESS
Credit, deposit growth gap narrows to 18-month low in September
Deposit growth for banks as on September 20 stood at 11.34 percent year-on-year, while credit growth was 13.1 percent posting a credit-deposit spread of 1.76 percent
BUSINESS
Rate cut not off the table in December policy despite change in voting pattern; inflation trajectory key, say experts
In the October monetary policy, five MPC members voted for a pause in rate action, while one voted in favour of a rate cut. This is a slight departure from the voting pattern seen in August meeting where 4 members voted for status quo and 2 voted for rate cut.
BUSINESS
Indian bonds may ease further on RBI's policy stance change, inclusion announcement by FTSE Russell
On October 9, the RBI has maintained the status quo on the policy rate and changed the policy stance to ‘Neutral’ from ‘Withdrawal of Accommodation’ during the announcement of October monetary policy.
BUSINESS
Food inflation pressure may ease on improved crop outlook, says RBI governor
The RBI, however, expects CPI inflation to see a big jump in September on an unfavourable base and a pick-up in prices of onion, potato and channa dal
BUSINESS
Private investment continues to gain on non-food credit expansion, higher capacity utilisation, says RBI governor
On Oct 9, RBI MPC decided to keep the policy repo rate unchanged at 6.5%
BUSINESS
Rupee continues to be the least volatile among EME currencies, say RBI governor
The MPC held the repo rate steady at 6.5 percent for a tenth time but changed the stance to 'neutral'
BUSINESS
Bond yield eases 5 bps after RBI changes stance to 'neutral'
The MPC by a majority of 5:1 decided to keep the policy repo rate unchanged at 6.50 percent
BUSINESS
RBI unlikely to announce any liquidity measures in October monetary policy, say experts
The meeting of the Monetary Policy Committee (MPC) of the RBI to decide on interest rates, started on October 7 and will deliver its decision on October 9.
BUSINESS
Will RBI hold repo rate? 5 things to look out for in MPC
If the central bank keeps repo rate unchanged, it will then be the 10th consecutive time of no rate action.
BUSINESS
Banks’ deposit growth rate rises over 2-month high in September, shows RBI data
The provisional numbers reported by banks have shown that deposit growth rate on a yearly basis was higher in the second quarter of the ongoing financial year compared to the first quarter.
BUSINESS
RBI may not delay change in stance as impact of Iran-Israel tension looks marginal
The meeting of monetary policy committee (MPC) of RBI to decide on interest rates, has started today, will deliver the decision on October 9.
BUSINESS
Middle East tension unlikely to impact RBI projections on inflation, say experts
On October 1, Iran launched ballistic missiles at Israel in retaliation to Israel’s war in Gaza, targeting Houthis in Yemen and Hezbollah in Lebanon.
BUSINESS
RBI sets 6.79% coupon rate on new 10-year bond
On October 3, Moneycontrol reported that the RBI was expected to set coupon on the new 10-year benchmark bond in the range of 6.72-6.79 percent
BUSINESS
RBI may set 6.72-6.79% coupon on new 10-year benchmark bond at weekly bond auction on Oct 4
Going ahead, experts believe that tensions in the Middle East could pose a bump to the bond rally.
BUSINESS
MPC poll: RBI may maintain status quo in Oct policy, likely to change stance to neutral in Dec
The expectation of a change in stance and an interest rate cut in the next quarterly monetary policy meeting — to be held in December — looms large. The sentiment abounds after US Federal Reserve effected a 50 bps rate cut in September.
BUSINESS
Bull-steepening to return in G-sec market on low short-tenure bond supply, expectation of rate cut by RBI
Centre’s borrowing for the second half of FY25 at Rs 6.61 lakh crore was in line with the budgeted target for the second half of the financial year, according to the October-March borrowing plan released by the government on September 26.
BUSINESS
Online bond platform association likely to release norms in 3 weeks
The regulations are in line with those of the Association of Mutual Funds in India (AMFI), sources have told Moneycontrol. The Online Bond Platform Providers (OBPP) Association was set up in November
BUSINESS
Outstanding NRI deposit rises 11% in July on strong macros
According to the RBI's data, outstanding NRI deposits rose to $157,157 million in July compared to $141,850 million in the year-ago period
