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Manish M. Suvarna

Senior Correspondent

Moneycontrol

SBI chairman Setty requests RBI to allow banks to fund M&As

BUSINESS

SBI chairman Setty requests RBI to allow banks to fund M&As

Banks’ corporate lending has remained tepid as businesses turn to the bond market to meet their funding needs amid falling rates

RBI examining measures to expand bank credit to productive sectors: Governor Sanjay Malhotra

BUSINESS

RBI examining measures to expand bank credit to productive sectors: Governor Sanjay Malhotra

Banks and NBFCs should make special efforts to boost formal credit to them, RBI Governor said, adding that they should leverage the public digital infrastructure like the Unified Lending Interface (ULI) to achieve results.

Bank credit growth at 3-month high. Revival or festival driven?

BUSINESS

Bank credit growth at 3-month high. Revival or festival driven?

But it still is lower than what it was in the year-ago period, a sign that the lending growth is yet to pick up momentum

Mutual funds boost money market bet through TREPS allocations to protect returns from volatility

BUSINESS

Mutual funds boost money market bet through TREPS allocations to protect returns from volatility

The use of TREPS is becoming increasingly widespread as a means to hold cash positions. As per PrimeMFDatabase, 89.71 percent of equity schemes had exposure to cash equivalents like TREPS, CBLO (Collateralized Borrowing and Lending Obligation), or reverse repos in July. In just two months, 18 additional equity schemes have begun using these instruments to manage cash positions.

GST reforms may cool inflation but RBI unlikely to rush into rate cuts, says MPC member Saugata Bhattacharya

BUSINESS

GST reforms may cool inflation but RBI unlikely to rush into rate cuts, says MPC member Saugata Bhattacharya

The RBI central bank will take a data-driven approach, will assess the full spectrum of primary, secondary, and tertiary effects of the tax overhaul before altering the policy stance, Bhattacharya has said

MC Interview| Inflation scenario, US trade-talk outcome to decide RBI policy, says MPC member Nagesh Kumar

BUSINESS

MC Interview| Inflation scenario, US trade-talk outcome to decide RBI policy, says MPC member Nagesh Kumar

Further, to mitigate the external shocks from tariffs, Kumar emphasised on the need for India to diversify its export markets and deepen trade ties with other economies.

RBI’s MPC minutes show that tariff uncertainty, rate transmission allowed status quo in August

BUSINESS

RBI’s MPC minutes show that tariff uncertainty, rate transmission allowed status quo in August

“The current state of uncertainty on the external front, monetary policy needs to remain watchful,” the MPC minute quoted Sanjay Malhotra, the RBI Governor.

Retail investors’ trading activity in G-secs on RBI Retail Direct platform rises over fivefold in August 2025

BUSINESS

Retail investors’ trading activity in G-secs on RBI Retail Direct platform rises over fivefold in August 2025

According to the RBI data, retail investors' trading activity in the secondary market in G-secs stood at Rs 4,267.55 crore as on August 11, 2025, compared to Rs 668.36 crore as on August 12, 2024.

Borrowing through state development loans gets costlier after bond yields rise to a four-month high

BUSINESS

Borrowing through state development loans gets costlier after bond yields rise to a four-month high

The yield on the benchmark sovereign bonds has risen to a four-month high on August 19 on worries that higher government borrowing and lower revenue, following the proposed overhaul of the goods and services tax (GST) regime, will likely bring down the collections.

GST reform push strengthens case for October rate cut, say experts

BUSINESS

GST reform push strengthens case for October rate cut, say experts

GST 2.0, which will likely see rates lowered on most goods and services, will cool inflation further, giving the RBI the room to ease monetary policy, they say

Proposed GST reforms by govt may cool inflation, open door for RBI rate easing: Experts

BUSINESS

Proposed GST reforms by govt may cool inflation, open door for RBI rate easing: Experts

Experts said that the potential price relief could offer a positive support to consumption in H2FY26, particularly ahead of the festive season, when demand typically surges.

PSU banks’ slippage ratios improve as lending to low-risk retail loans rise

BUSINESS

PSU banks’ slippage ratios improve as lending to low-risk retail loans rise

A review of data from 12 leading PSU banks reveals that most lenders have reported their lowest or near-lowest slippage level in over a year, with some hitting multi-year lows.

India’s rating upgrade set to give boost to foreign funds, say experts

BUSINESS

India’s rating upgrade set to give boost to foreign funds, say experts

On August 14S&P Global upgraded India's long-term sovereign credit ratings to 'BBB' for the first time since 2007, citing economic resilience and fiscal consolidation

Primary dealers ramp up corporate bond repo borrowing to diversify liquidity sources

BUSINESS

Primary dealers ramp up corporate bond repo borrowing to diversify liquidity sources

The total volume on ARCL Tri-party Repo in July was Rs 52,175.10 crore, compared with Rs 39,725.50 crore, registering a growth of 32 percent month-on-month.

Indian bond yield eases after S&P upgrades India's rating to 'BBB'

BUSINESS

Indian bond yield eases after S&P upgrades India's rating to 'BBB'

S&P Global Ratings raised its long-term unsolicited sovereign credit ratings on India to 'BBB' from 'BBB-', and its short-term ratings to 'A-2' from 'A-3'. The outlook on the long-term rating is stable.

State borrowings via SDL become costlier as rate cut hopes fade

BUSINESS

State borrowings via SDL become costlier as rate cut hopes fade

Government bond yields have been on the rise since the RBI’s status quo in the August monetary policy. Though the decision was in line with the market expectation, few participants expected a surprise rate cut.

Diversifying Russian oil imports may add only $4-6 billion to India's import bill, says Anubhuti Sahay of Standard Chartered Bank

BUSINESS

Diversifying Russian oil imports may add only $4-6 billion to India's import bill, says Anubhuti Sahay of Standard Chartered Bank

The gap, or impact on GDP, was closer to 25 to 40 basis points. At 50 percent, almost 50 percent of our exports to the US become non-tradable, priced out, and the impact then would be much larger, Sahay said.

PSU banks report 161% year-on-year surge in forex income in Q1FY26 as rupee weakens

BUSINESS

PSU banks report 161% year-on-year surge in forex income in Q1FY26 as rupee weakens

In Q1FY26, the Indian rupee depreciated by 2.03 percent against the US dollar, creating favourable conditions for forex trading gains.

May engage with regulator to understand NOFHC requirement: Sanjay Agarwal, MD & CEO, AU Small Finance Bank

BUSINESS

May engage with regulator to understand NOFHC requirement: Sanjay Agarwal, MD & CEO, AU Small Finance Bank

Speaking exclusively to Moneycontrol, Agarwal said he will approach the regulator soon to understand why the requirement to convert his stake into a non-operative finance holding company was imposed as a licensing condition.

Banks may turn more cautious lending to the textiles sector after tariffs

BUSINESS

Banks may turn more cautious lending to the textiles sector after tariffs

While signs of stress in the textile sector had begun surfacing even before the tariff announcement, the tariff hikes could further dent order books, compress margins and put jobs at risk, leading to tightening of bank credit to the industry.

Why is the RBI focusing more on overnight rates?

BUSINESS

Why is the RBI focusing more on overnight rates?

The RBI has since the beginning of this year made the overnight rate the central operational target for monetary policy implementation.

Money market witnessed higher rate transmission post 100 bps rate cut

BUSINESS

Money market witnessed higher rate transmission post 100 bps rate cut

Since the February policy announcement, the rate for 3-month treasury bills has dropped by 110 bps, 3-month commercial papers issued by NBFCs have fallen by 161 bps, and 3-month certificates of deposit have declined by 170 bps, according to RBI data.

RBI Governor hopeful of an 'amicable solution' to US trade negotiations

BUSINESS

RBI Governor hopeful of an 'amicable solution' to US trade negotiations

Negotiations for a trade deal between India and the US were launched in March 2025 with five rounds of talks held so far, the last being in July. Talks for a mini-version of a deal before August 1 seemingly failed as divergences remained, especially on agriculture.

RBI working group recommends retaining WACR as policy target, liquidity framework

BUSINESS

RBI working group recommends retaining WACR as policy target, liquidity framework

The group is also in favour of continuing with the variable rate auction mechanism for repo and reverse repo operations to maintain the operating target rate at the policy rate

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