BUSINESS
Banking system liquidity deficit rises to 5-year high on tax outflows
A Kotak Mahindra Bank report dated November 20 said that there is expectation of Rs 1.5 lakh crore outflow on the account of GST and Rs 65,000 crore due to auctions
BUSINESS
High attrition: RBI not to get into banks' micromanagement, says Governor Das
Last month, Das had said the central bank was watching the issue of attrition in banks "closely".
BUSINESS
RBI Governor says banks, NBFCs need to be watchful of stress building up
Banks needed to be watchful of exposure to NBFCs, while NBFCs need to diversify their funding sources to minimise risks, Das has said
BUSINESS
RBI Governor Shaktikanta Das reaffirms commitment on inflation fight; says MPC must remain watchful
Price stability and financial stability are both important in the economy however, excessive focus on one at the cost of other can generate potential stress, Das said.
BUSINESS
Banks increase investment in 91-day T-Bills over one year on high economic uncertainty
Simultaneously, banks have reduced their ownership in 182-day T-Bills by six percent and 364-day T-Bills by around 10 percent.
BUSINESS
Corporate bond yields for NBFCs to rise after RBI action on consumer loans, say experts
The central bank increased the risk weight on consumer loans of commercial banks and NBFCs by 25 percentage points.
BUSINESS
MC Explains: RBI tightens consumer loan norms for banks and NBFCs
The central bank increased the risk weight for consumer credit, which means banks and NBFCs must set aside more capital against such loans.
BUSINESS
MC Explains: What is RBI order on Bajaj Finance, what does it mean for NBFC
Bajaj Finance has said that it will review its documents in accordance with RBI guidelines and ensure compliance. A report by CLSA, however, said the non-issuance of a Key Fact Statement does not appear to be a major violation.
BUSINESS
FPI investment in debt so far in November at 27-month high
FPI investment in debt so far in November at 27-month high.
BUSINESS
Corporate bonds, commercial paper issued in October fell to lowest level in 2023
The yield on corporate bonds across maturities rose 8-18 basis points during the month.
BUSINESS
Stage 3 loans of NBFCs decline sharply in one year, signalling better asset quality
As per analysts, better repayment by borrowers, efficient recovery by the NBFCs and some write-offs could have contributed to this improved performance.
BUSINESS
MC Interview | Shriram AMC to focus on hybrid funds: Umesh Revankar
Shriram Capital is looking to start the asset reconstruction business this financial year, said the Executive Vice-Chairman.
BUSINESS
Shriram Capital applies for Asset Reconstruction Company licence with RBI
He further added that the ARC will be 100 percent subsidiary of Shriram Capital.
BUSINESS
Banks see mixed trend in SMA 2 loans in Q2FY24; most witness deterioration
In the July-September quarter, the country’s largest state-owned lender, State Bank of India, reported a fall in SMA category loans to Rs 1,784 crore, as on September 30, 2023, compared to Rs 1,921 crore a year ago.
BUSINESS
Unsecured loans constitute 23% of Bank of India's books
The RBI had earlier flagged concerns about a sharp surge in banks' unsecured loan book.
BUSINESS
Cholamandalam Investment to borrow Rs 10,000-12,000 crore over next two quarters, says CFO Arul Selvan
Selvan said the company’s net income margins can expand by 10-20 basis points.
BUSINESS
91-day Treasury bill cut-off yield rises to highest level in FY24
According to RBI data, the cut-off yield on the 91-day treasury bill was 6.9349 percent on October 25, the highest this fiscal year. It dropped to 6.9325 percent on November 1.
BUSINESS
MC Exclusive | Online bond platforms to register new industry body soon
In June, Moneycontrol reported, citing sources, that a clutch of online bond platforms in India will likely form an industry association in the next three to four months.
BUSINESS
Domestic market hopeful that Bloomberg will add Indian bonds to index
The optimism stems from Bloomberg’s ongoing review meetings to get feedback from users on topics related to its fixed income indices.
BUSINESS
RBI’s wholesale pilot of CBDC losing steam after one year, data shows
According to data compiled by Moneycontrol on the wholesale pilot of CBDC, in November, transactions worth Rs 7,140 crore were settled using digital currency, with the number of trades registered being 759.
BUSINESS
Shriram Finance to borrow around Rs 60,000 crore by FY24 end, says MD & CEO YS Chakravarti
The company's net interest margins stood at 8.93 percent in the second quarter of the current financial year, as compared to 8.26 percent in the year-ago period.
BUSINESS
States’ weighted average borrowing cost rises to highest level in FY24
So far in the October-December quarter, the amount raised by state governments is higher than the indicative amount
BUSINESS
Kotak Mahindra Bank’s new CEO to give tech push, but has tall task ahead: Experts
Kotak Mahindra Bank, in an exchange filing on October 21, said that the Reserve Bank of India has approved the appointment of Ashok Vaswani as the MD and CEO of the Bank.
BUSINESS
Meet Ashok Vaswani who replaces Uday Kotak as CEO of Kotak Mahindra Bank
Vaswani has a three-and-a-half decade of experience with Citi Group, and more recently with Barclays.
