BUSINESS
I expect RBI to pause in June policy given CPI trajectory: Baroda BNP Paribas CIO Prashant Pimple
We expect inflation to remain closer to the 5-5.50 percent band, which is within the RBI’s comfort zone, says Pimple.
BUSINESS
Benchmark bond yield sinks to one-year low on crude slide, dip in US Treasuries
The 10-year benchmark 7.26 percent 2033 bond yield was trading at 7.0199 percent during afternoon trade, as compared to 7.09 percent close on the previous trading session.
BUSINESS
CP rates down 8-17 bps in last one month; will they sustain at these levels?
Rates on commercial papers issued by NBFCs fell by 17 bps and those on papers issued by manufacturing companies fell by 8 bps; all eyes on US Fed meet outcome for further rate trajectory.
BUSINESS
Uday Kotak's reappointment in best interest of stakeholders: Kotak Mahindra Bank
The private lender has not received any communication from the Reserve Bank of India (RBI) on the reappointment front, said Group CFO Jaimin Bhatt
BUSINESS
Sebi ban on pledging clients' funds to take a toll on bank guarantees: Analysts
However, bank guarantees issued to stock brokers and clearing members form a miniscule 2.5-3% of the total bank guarantees issued by banks.
BUSINESS
RBI reassessing quality, coverage of branch audit in private banks, says Governor Das
The comments come at a time when several instances if of accounting irregularities have been reported in some large banks
BUSINESS
RBI wants banks to firm up capital buffers, assess risks regularly: Governor
Das was addressing at the Global Conference on Financial Resilience.
BUSINESS
Uday Kotak may not face RBI hurdle for appointment in non-executive role as cooling-off period may not apply, say experts
Earlier, shareholders of Kotak Mahindra bank voted 99 percent in favour of Uday Kotak taking up as the non-executive non-independent director of the bank after he steps down as the MD and CEO.
BUSINESS
States' borrowing cost via SDL falls tracking moderation in G-sec yield
The cut-off yield on the 10-year SDL eased by 13 basis points (Bps) on-week while the 7-year SDL fell by 8-9 bps on weekly basis. One basis point is one hundredth of the percentage point.
BUSINESS
MC Exclusive| SBI Capital, Trust Investment, 2 others in race for merchant banking roles in Varanasi, Kanpur municipal bond issues
Both local bodies have invited bids to appoint the merchant bankers-cum-transaction advisors for their municipal bonds issue planned in the next few months.
BUSINESS
RBI ups gold reserves post pandemic as risk aversion sets in
According to the Reserve Bank of India, gold reserves stood at Rs 3.75 lakh crore as on Mar 24, 2023, as against Rs 2.09 lakh crore as on Mar 20, 2020.
BUSINESS
Intraday high of call money rates continues uptrend over repo rate since April 17
According to Bloomberg data, between April 17 and April 21, the intraday high of India’s call money rate stood at 6.75-85 percent.
BUSINESS
RBI Bulletin: Central bank net buys $254 million foreign currency in February
Net purchases of foreign currency in February was $4.381 billion and net sales was $4.127 billion.
BUSINESS
MC Explains | Here’s all you need to know why the dollar-rupee onshore forward premiums are falling again
One of the reasons is that the interest rate differential between the US and India is shrinking as a consequence of the US Fed tightening its monetary policy at a faster pace than the RBI, resulting in low forward points.
BUSINESS
MPC Minutes: Fight against inflation is far from over, says RBI governor
The central bank in its April monetary policy projected CPI inflation at 5.2 percent for 2023-24.
BUSINESS
Forward premium rates trend lower in April as interest rate differential narrows
The premium on the one-year dollar/rupee contract was 189.24 paise or 2.1527 percent on annual basis on April 19, against 211.64 paise or 2.2688 percent on annual basis, as per Bloomberg data
BUSINESS
States’ borrowings via SDL stay low in April as Centre opens interest-free loan spigot
In the last three auctions of SDL in April, states raised just Rs 16,300 crore against an estimate of Rs 39,300 crore, RBI data shows
BUSINESS
MC Exclusive: RBI, NPCI in early talks with Sri Lanka, Thailand and others for UPI enhancement
Linking UPI with other countries’ payments mechanisms will help users make payments faster and lower the cost of fund transfers
BUSINESS
Will the rupee not rise above 81 against the dollar? Here's what the experts say
The possible range for the Indian rupee could be 81.10 to 81.30, with 83.20 on the lower side and 80.90 on the higher side, forex dealers said.
BUSINESS
MC Explains| What are municipal bonds, how does the process work and other questions answered
Prayagraj Municipal Corporation, Kanpur Municipal Corporation, Varanasi Nagar Nigam, Agra Nagar Nigam and Greater Chennai Corporation are among the civic bodies planning bond sales
BUSINESS
Exclusive | Varanasi, Agra, Chennai municipal bodies plan bond sale: Sources
Greater Chennai Corporation plans to raise at least Rs 200 crore through a municipal bond sale by May-end
BUSINESS
RBI may maintain status quo on rates in June as CPI inflation falls below 6%, say economists
India’s headline CPI inflation fell to 5.66 percent last month from 6.44 percent in February. The latest CPI inflation print is the lowest in 15 months.
BUSINESS
Domestic corporate bond issuances rise to all-time high in FY23 as overseas borrowing gets costlier
According to the data compiled by Prime Database, companies and banks raised Rs 8.25 lakh crore in FY23, compared to Rs 6.34 lakh crore in FY22.
BUSINESS
RBI’s pause on rate hike to reduce pressure on NIMs of NBFCs, says industry experts
NBFC have been under pressure in the last few months and its strain was felt on the net interest margins due to rising borrowing cost after the RBI’s move to hike the repo rate to fight against inflation.
