BUSINESS
CP issuances in June surge to highest so far in 2024, shows data
Amid tight liquidity in the banking system, banks have raised Rs 1.50 lakh crore in June.
BUSINESS
Budget 2024: Govt to focus on fiscal consolidation, may lower fiscal deficit target, say economists
In the interim budget, the government had targeted a fiscal deficit of 5.1 percent of the GDP for 2024-25.
BUSINESS
MC Exclusive | TReDS platform M1xchange to soon get Tata AIG Insurance, SBI General Life on invoice discounting platform
Sundeep Mohindru, MD & CEO of the company, said that they are targeting a total of Rs 70,000 crore in transaction volume in the financial year 2024-25.
BUSINESS
Budget 2024: Online bond platforms pitch for removal of TDS on bonds, integration with RBI's direct platform for retailers
Online bond platforms are companies that sell bonds or non-convertible debentures (NCDs) to investors, especially retail investors, through their websites or mobile apps. Experts say that the integration of RBI's Retail Direct Platform with these platforms will allow retail investors to directly invest in government bonds.
BUSINESS
India’s forex reserves may rise to $700 billion by FY25-end, say experts
Currently, India's forex reserves stand at $653 billion, as per RBI's data.
BUSINESS
Rupee may rise up to 82.50 against dollar on global bond index inflows: Experts
At 11:57 AM, Indian rupee is trading at 83.45 against the US dollar.
BUSINESS
Indian bond yields to trade in 6.75-7.00% range post JP Morgan bond inclusion, say experts
As per CCIL data, FAR holdings of foreign portfolio investors increased more than 93 percent to Rs 1.83 lakh crore till June 26 since the announcement of bond inclusion.
BUSINESS
Govt unlikely to change borrowing numbers in upcoming Budget despite record RBI dividend: Experts
In the interim budget on February 1, the central government said it would borrow Rs 14.13 lakh crore from the markets in 2024-25 in gross terms to finance its fiscal deficit of 5.1 percent of the GDP.
BUSINESS
MC Interview | Keeping interest rates high for too long likely to hit growth, says RBI MPC’s external Member Ashima Goyal
Goyal further said that high interest rates do raise the probability of delinquency for sectors.
BUSINESS
L&T Finance launches 'Project Cyclops', a three filter mechanism to test credit quality of borrowers: Sudipta Roy
The company is targeting around $250 million through sustainability linked loan and social loans in FY25, Roy said. It has also drawn $ 50 million of JICA funds to finance women borrowers.
BUSINESS
RBI MPC Minutes: Food inflation remains main factor behind slow pace of disinflation
In May, India’s headline retail inflation eased to the lowest in a year at 4.75 percent, from 4.83 percent in April.
BANKS
Private banks continue to bet on physical branch expansion to garner deposits
Banks are facing challenges to garner more deposits. And deposit growth has not been in line with credit growth which has worried the RBI
BUSINESS
RBI has increased its gold hoard in 2024, & may acquire more
Experts say that the current global turmoil necessitates that reserves are diversified away from volatile foreign currency assets.
BUSINESS
NBFC industry lobby pitches for rule relaxations by finance minister
Aggarwal proposed this during the PreBudget consultation meeting with Finance Minister Nirmala Sitharaman.
BUSINESS
Inflation targeting remains work in progress as long as food price pressures persist: RBI Bulletin
The central bank have a inflation target of 4 percent, with a leeway of 2 percentage point on either side.
BUSINESS
Primary bond market subscription on RBI’s retail direct platform surges over 100% year-on-year, shows data
The RBI’s Retail Direct scheme helps individuals to invest in government securities through a direct platform.
BUSINESS
MC Exclusive| Brokerages ask currency derivatives dealers to shift focus to equities, commodities
On January 5, the RBI had said that investors must have valid underlying contracted exposure that has not been hedged using any other derivative contract, and they should be in a position to establish the same if required. Currency derivatives volumes dipped thereafter.
BUSINESS
Inflation target may be delayed despite easing of core inflation, as food inflation risk stays
Core inflation, which excludes volatile components such as food and fuel, was at an all-time low of sub-3 percent in May.
BUSINESS
FPIs up investment in G-Secs under FAR as Indian bond inclusion nears
JPMorgan will add Indian securities to its Government Bond Index-Emerging Markets starting June 28, 2024.
BUSINESS
Sovereign Global Markets gets BSE nod to act as online bond platform provider
The company is likely to launch the platform in the next quarter, managing director Umesh Kumar Tulsyan said
BUSINESS
RBI may keep rates tight till further clarity on food inflation risk, say economists
On June 12, India’s headline retail inflation eased to 4.75 percent in May, data released by the statistics and programme implementation ministry showed.
BUSINESS
States borrow 45% less than budgeted amount in Q1FY25, shows RBI data
Yield on the state development loans have seen a moderation in the last few months by 5-7 basis points based on easing yield on government securities.
BUSINESS
Inflation easing globally, but RBI governor anticipates a tougher last leg for disinflation
RBI, in the June monetary policy, retained the inflation forecast for FY25 at 4.5 percent as CPI headline inflation softened further in March-April but food prices remained high.
BUSINESS
CP, CD issuances rise in May on tight liquidity conditions
According to the Prime database, banks raised Rs 82,580 crore through CDs in May, which was 35.12 percent up on a yearly basis.
