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.
BUSINESS
Bank investments in G-Sec, SDLs rise 19% in October, RBI data shows
Yields on government bonds have remained higher since last year after the central bank increased interest rate to tame inflation
BUSINESS
Call and short-notice money rises sharply in October on tight liquidity conditions
The data also showed that money at call and short notice of scheduled commercial banks stood at Rs 30,585.24 crore as on October 6 this year versus Rs 12,565.49 crore on October 7, 2022
BUSINESS
MC Newsbreak confirmed | RBI starts wholesale digital rupee pilot in call money market
In an exclusive piece on October 12, Moneycontrol was the first to report that the RBI had started a wholesale pilot of Central Bank Digital Currency in the call money market
BUSINESS
Self-regulatory body for fintechs likely this year, says RBI's Choudhary
The RBI was not in a hurry to go for fintech regulations but the sector needed a self-regulatory organisation, RBI's executive director Ajay Kumar Choudhary said
BUSINESS
Online bond platforms add fixed deposits to expand their offerings
GoldenPi and Wint Wealth sell Bajaj Finance’s FD on their platforms, as per their websites.
BUSINESS
MC Interview | Wint Wealth will offer Fincare SFB’s FD on bond platform: CEO Ajinkya Kulkarni
The Online bond platform is well capitalised for the next 3-4 years, said Kulkarni, the Chief Executive Officer and Co-founder of Wint Wealth
BUSINESS
RBI may announce OMO sales in November as liquidity conditions ease: Experts
According to RBI data, bonds worth Rs 53,925.286 crore are due to mature on November 2, while bonds worth Rs 56,572.719 crore and Rs 32,500 crore are set to mature on November 25 and 29, respectively, infusing cash into the economy.
BUSINESS
HDFC Bank sees 5-10 bps I-CRR impact on net interest margins, says CFO Vaidyanathan
Further Vaidyanathan said bank has taken certain calls on liquidity management for the coming quarters.
BUSINESS
Call money market volumes remain low despite RBI nudge
Since the start of this month, volumes in the call money market remained in the range of Rs 9,000 crore to just over Rs 10,000 crore
BUSINESS
Inflation cools off beyond expectations but uncertainty lingers, say experts
Experts also highlighted that what the central bank will look at is a pause in repo rate at least in the fiscal year 2023-24.
BUSINESS
MC Exclusive | RBI starts wholesale CBDC pilot for call money, say sources
The central bank launched the wholesale pilot of CBDC on November 1, 2022, to settle the settle secondary market transactions in government securities.
BUSINESS
MC Interview | Retail inflation may come in at 5.3% in September, says DBS Research’s Radhika Rao
We expect the headline to edge towards 4 percent and temporarily test below next year, Rao said.
BUSINESS
AA and below-rated companies step up borrowings to Rs 18,039 cr in Sept as top firms stay on sidelines
Godrej Properties, DLF Cyber City Developers, The Tata Power Co Ltd and Motilal Ostwal Finvest were some of the top issuers in the AA and below rated papers in September.
BUSINESS
Banks Q2 earnings: Top five things to watch out for
Analysts highlight that amidst strong growth there is a need to keep an eye on the asset quality, treasury income, retail loan portfolio, net interest margin and recoveries by banks.
BUSINESS
RBI may increase risk weight on personal loans if they start looking shaky: Experts
The risk weight for consumer credit, including personal loans, but excluding credit card receivables, is 100 percent, according to the RBI.
BUSINESS
Interview: RBI may cut repo rate from June 2024, says StanChart’s Anubhuti Sahay
The bank’s South Asia research chief added that the RBI's open market operation interpretation is primarily to reduce volatility in the government bond market.
BUSINESS
Bond yields to trade high till clarity emerges on OMO quantum: Experts
Soon after the announcement by the RBI, yield on the 10-year benchmark government bond started rising. In the morning trade it rose 7-8 basis points and later, in the afternoon trade, it rose by 15 bps.
BUSINESS
RBI to consider OMO sales to manage liquidity, say Governor Das
Currently, the liquidity in the banking system is estimated to be in deficit of around Rs 34,061.33 crore.
BUSINESS
RBI likely to keep banking system liquidity tight, say experts
Liquidity in the banking system started falling into the deficit zone after September 15 even after the incremental cash reserve ratio was reversed twice. The RBI is expected to take measures only if the deficit widens.
BUSINESS
5 companies to raise up to Rs 2,198 crore via bonds today
Manappuram Finance will raise Rs 1,000 crore through two bonds maturing in 539 days and 724 days
BUSINESS
MPC likely to hold repo rates at 6.50% in October policy: Economists poll
On the liquidity announcement, economists said the central bank is likely to focus on maintaining adequate liquidity through its Liquidity Adjustment Facility (LAF) operations, and may not announce any tightening measures.
BUSINESS
Banks stepped up CD issuances as liquidity turned deficit, shows data
The rise in issuances in September were led by four major lenders—Bank of Baroda, Canara Bank, HDFC Bank and Punjab National Bank.
BUSINESS
MC Exclusive | Yubi Group likely to launch online bond platform for retail investors by October 12
According to the person close to the development, Yubi is also part of the online bond platform association, which is likely to be formed in the next few months.
