BUSINESS
MC Exclusive| RBI circular: AU SFB Board to soon discuss plan for universal bank license, says official
Earlier today, RBI release circular on the Voluntary transition of Small Finance Banks to Universal Banks.
BUSINESS
Action on Kotak Mahindra Bank signals RBI's intent to address systemic gaps in banking, say experts
On April 24, the Reserve Bank of India (RBI) imposed business restrictions on Kotak Mahindra Bank (KMB) barring the lender from adding new customers through digital channels and issuing new credit cards.
BUSINESS
RBI clampdown on Kotak Mahindra Bank: Timeline of recent regulatory actions on large lenders
In the last five years, the central bank imposed major restrictions on financial institutions such as Paytm Payments Bank, Bank of Baroda, Bajaj Finance, HDFC Bank, Mahindra & Mahindra Financial Services, SBM Bank (India), Mastercard Asia / Pacific Pte, and American Express Banking Corp. and Diners Club International, among others.
BUSINESS
AU Small Finance Bank’s balance sheet to grow 25% CAGR in three years, says MD & CEO Sanjay Agarwal
AU Small Finance Bank had announced the merger with Fincare Small Finance Bank in October 2023.
BUSINESS
FPI net debt outflows to continue until global uncertainties recede, say experts
Of the total 12 trading sessions in the current month, seven days saw a huge outflow by foreign investors in debt.
BUSINESS
MC Interview| Inflation target should be reached next year if there are no large, persistent shocks: Ashima Goyal
As per RBI’s projection in April monetary policy, CPI inflation in the second quarter of the current financial year is projected lower than the medium term target of the central bank.
BUSINESS
MC Interview| G-Sec yields to soften on easing inflation, lower risk premium: Ashima Goyal
The yield on 10-year benchmark ended at 7.23 percent on April 19, which was highest since January 5, when it was at 7.235 percent, according to the Bloomberg data
BUSINESS
What triggered RBI's January 5 circular on currency derivatives?
As an extended deadline to implement exchange-traded derivative contract rules nears, market participants pitch for rule relaxations to arrest the sharp slide in currency derivative volumes.
BUSINESS
Yield on short-term debt instruments falls up to 20 bps on easing liquidity conditions
So far in this month, the central bank conducted seven VRRR auctions to remove excess surplus liquidity from the banking system.
BUSINESS
Experts see Rupee trading in the range of 83-84 against US Dollar in Q1FY25
The Indian rupee slipped to a record low on Tuesday, weighed by the rise in U.S. Treasury yields and on simmering worries over tensions in the Middle East.
BUSINESS
Aditya Birla spent Rs 100 crore for ABCD app: CEO Vishakha Mulye
Earlier today, the company launched the omnichannel ABCD D2C platform, which will integrate all the services of the group
BUSINESS
Iran-Israel tensions: Expected crude oil spike could escalate India’s borrowing costs, say experts
On April 13, Iran fired over 300 drones and missiles at Israel, calling the attack a retaliation to a strike on its consulate in Syria, allegedly by Israel, earlier in the month
BUSINESS
RBI may not hurry in cutting rates despite easing CPI inflation, say experts
In March, India's headline retail inflation rate eased to a nine-month low of 4.85 percent, according to data released by the Ministry of Statistics and Programme Implementation on April 12.
BUSINESS
Average daily turnover in currency derivatives market falls around 73% so far this fiscal, shows data
On April 9, Moneycontrol reported that open interest currency derivatives contracts on the exchanges fell around 47 percent over the past two weeks.
BUSINESS
Retail asset securitisation to increase 12-15% on-year in FY25, say analysts
The retail asset securitisation volumes in the secondary market rose 17 percent on-year to an all-time high of Rs 2.05 lakh crore in FY24, according to a CareEdge report dated April 10.
BUSINESS
Indian banks to report 13-14% net profit growth in Q4FY24, say analysts
In Q4FY24, banks are likely to report robust treasury gains due to moderation in government bond yields and a buoyant capital market, experts said.
BUSINESS
Currency derivative market: Open interest contracts fall around 47% despite RBI’s deadline extension
Experts say the RBI's extension of the deadline to meet the derivatives norms is only part of the story. The truth is that no one wants to take fresh positions at this time.
BUSINESS
Rupee interest derivatives for SFBs may boost liquidity in OIS market, balance sheet resilience: Experts
The RBI will issue the circular regarding this shortly.
BUSINESS
Premium on sovereign green bond yields may not jump despite RBI move, say experts
The government in the first half of the current financial year will borrow Rs 12,000 crore through green bonds. There has been an increase in demand for government bonds since its inclusion in the global bond index.
BUSINESS
Some brokerages see sharp unwinding in forex derivatives positions post RBI's diktat
In a circular dated January 5, the central bank has said that investors must ensure the existence of a valid underlying contracted exposure which has not been hedged using any other derivative contract.
BUSINESS
RBI may conduct more VRRR auctions amid surplus liquidity to align overnight rates with repo rate: Experts
Currently, the overnight weighted average call money rate is trading at 6.4899 percent. Liquidity in the banking system stood at a Rs 1.58 lakh crore surplus on April 3.
BUSINESS
Will RBI's new currency derivatives norms wipe out most exchange traded volumes?
The RBI's currency derivative circular specifying the underlying requirement for all transactions will be implemented from April 5.
BUSINESS
Corporate bond issuances in FY25 to be over 10% higher on rising investor demand, say experts
In 2023-24, Indian corporates and banks raised Rs 10.13 lakh crore through bonds, which was around 19 percent growth on-year, according to data from Prime Database.
BUSINESS
Cut-off yield on G-secs in initial auctions may remain lower under multiple price auction method: Experts
The Centre will borrow Rs 7.5 lakh crore through the issuance of government securities in the April-September period of this fiscal year.
