BUSINESS
Banks may continue to dip into CDs till deposits see growth
Banks have been struggling with slower deposit growth compared to credit growth over the past few months. The increase in gap between deposits and credit, creates an asset-liability mismatch for banks.
BUSINESS
NBFCs increase borrowing via bonds as bank loans become expensive
On November 16, 2023, the RBI increased risk weights on unsecured consumer credit and bank credit to NBFCs to pre-empt build-up of any potential risk in these segments.
BUSINESS
Rupee to move in 83.20-83.90 range as Fed rate cut expected to boost inflows, say experts
The Indian rupee has depreciated more than 30 paise this year ,Bloomberg data shows
BUSINESS
RBI Bulletin: September set to be busiest month for IPOs in 14 years
The RBI Bulletin is a monthly publication that offers insights into the developments in domestic and global economies but doesn't represent the views of the central bank
BUSINESS
Household consumption poised to grow faster in Q2 as headline inflation eases: RBI bulletin
Food price volatility remains a contingent risk, says RBI in September bulletin
BUSINESS
India may not lose sight of inflation controlling yet and reduce rates: Experts on Fed rate cut
The Federal Reserve lowered its benchmark interest rate by a half percentage point on Wednesday, in an aggressive start to a policy shift aimed at bolstering the US labour market.
BUSINESS
Indian rupee rises 22 paise after Fed's bumper rate cut
The Federal Open Market Committee voted 11 to 1 to lower the federal funds rate to a range of 4.75 percent to 5 percent, after holding it for more than a year at its highest level in two decades.
BUSINESS
Indian bond yields decline after US Fed slashes interest rates
The Federal Open Market Committee voted 11 to 1 to lower the federal funds rate to a range of 4.75 percent to 5 percent, after holding it for more than a year at its highest level in two decades.
BUSINESS
10-year government securities, RBI repo rate narrows to 7-year low to 26 bps in September
According to the Bloomberg data, spread between 10-year government securities and repo rate stood at 26 bps on September 16. This was lowest level since August 2, 2017, when the spread stood at 21 bps.
BUSINESS
CP issuances surge 22% year-on-year to Rs 1.4 lakh crore in August amid costlier bank loans
On September 9, Moneycontrol reported that a few banks raised their marginal cost of funds-based lending rates in September to transmit the RBI's 250 basis points rate hike and respond to the rising costs and sluggish growth of deposits
BUSINESS
RBI imposes monetary penalty on BNP Paribas, SMFG India Credit Company, 2 others for rule violations
Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to BNP Paribas, advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.
BUSINESS
NaBFID is not looking for equity investment; we are adequately capitalised, says MD Rajkiran Rai
Rai said the company plans to borrow Rs 53,000 crore through bonds in the domestic market this financial year and has already raised Rs 9,000 crore.
BUSINESS
Spread between 10-year G-Secs and SDLs widens in September
The spread between the 10-year SDL and G-Sec stood at 37 bps on September 3 from 32 bps on April 2. Usually, whenever the spread between G-Secs and SDLs widens, it indicates a rise in state borrowings,
BUSINESS
NaBFID's loan sanctions to rise to Rs 3.2 lakh crore by end of FY25, says MD Rajkiran Rai
On the equity investment front, Rai said that the company is not looking for it, but did not ruled out the possibility going ahead.
BUSINESS
Yes Bank's stake sale stuck as RBI concerned with majority ownership by foreign bank
On August 1, Moneycontrol citing sources reported that RBI has asked investors seeking a controlling stake in Yes Bank to reconsider their demands, including acquiring and retaining a majority stake, potentially prolonging the deal process
BUSINESS
NaBFID should offer better credit terms to municipal corporations to ensure greater investors interest, says SEBI's ED
Investors such as insurance companies, pension funds, NPS and EPFO need to have a green investment mandate like the one they have for investing in corporate bonds, Pramod Rao has said
BUSINESS
CD issuances rises in August amid lagging deposit growth in banks
According to Prime Database, banks raised Rs 82,020 crore through certificates of deposit in August this year compared with the Rs 57,170 crore they had in August 2023.
BUSINESS
Corporate bond issuances surge 63% in August, retail participation rises
According to the Prime database, banks and India Inc raised Rs 81,925 crore in August, as compared to Rs 50,216 crore a year back
BUSINESS
Shriram Group eyes listing of insurance arms in next 2 years, says Umesh Revankar
Revankar also said that in terms of scaling, the company wants to gear it up and then go for an initial public offering (IPO) for both the insurance arms
BUSINESS
Few banks increase MCLR to transmit repo rate hike, rising cost of deposits
The 1-year median marginal cost of funds-based rate (MCLR) of SCBs increased by 170 bps during May 2022 to July 2024. Consequently, weighted average lending rates (WALRs) on fresh and outstanding rupee loans increased by 181 bps and 119 bps, respectively, during May 2022 to June 2024, RBI said.
BUSINESS
Indel Money to on board 2 banks for outward remittances in next one month
The total business turnover in outward remittances so far in the current financial year was close to Rs 17 crore, with major focus on education and tour remittances.
BUSINESS
Outsourcing most activities and specialising in few will not work, says Shriram Finance's Umesh Revankar
Revankar on the collections front said that in the digital era companies do not require any specialise teams, but rather they can have some local arrangements at small scale.
BUSINESS
FPI investments in FAR securities steadily rise over 10% since bonds enter JP Morgan index
FPIs investment in FAR securities stood at Rs 2.30 lakh crore as on August 31, which was up 11.62 percent on-month, from Rs 2.06 lakh crore as on July 31, according to the Clearing Corporation of India’s (CCIL) data.
BUSINESS
RBI data shows 19% surge in credit card spends; experts attribute growth to wider reach, UPI
Out of the total Rs 1.73 lakh crore credit card transactions, e-commerce payments were highest of Rs 1.11 lakh crore. This was followed by point of sale of Rs 62,285 crore
