BUSINESS
Banks finds more arbitrage opportunity in mutual funds, investment rises over 90% on-year in March
Usually, when the banks have excess funds or when the liquidity in the banking system is in huge surplus, they prefer to park it in money market instruments or invest it in other instruments such as liquid funds. This helps banks earn hefty treasury income or other income.
BUSINESS
RBI to continue with liquidity infusion, may announce longer tenure Variable Rate Repo
In the last few months, the central bank is infusing durable liquidity to the banking system through open market operations (OMO) purchases and USD/INR Buy/Sell swap auctions.
BUSINESS
FPIs sell record sum in government bonds this quarter since global index inclusion
Since the announcement, Indian bonds in global indexes have been seeing sharp inflows, but soon after the rate cut cycle begun earlier this year, the differential between India and US narrowed, leading to these investors moving away.
BUSINESS
Swan Defence and Heavy Industries plans to raise Rs 750 crore via QIP
The proposed QIP will also help the company meet the SEBI norms on minimum public shareholding, which require a listed company to have a minimum of 25 percent of public shareholding three years from its IPO.
BUSINESS
Spandana Spoorthy's consolidated loan assets plunge 48% on-year, reports highest net loss of Rs 1035 crore
Auditors once again draw reference to the company’s ability to remain a going concern.
BUSINESS
Less volatile bond markets eat into primary dealers' earnings as underwriting commissions drop
Primary dealers usually underwrite the government bond auctions against a token of underwriting commission. The fee charged by primary dealers, though small, reflects the sentiment of the market.
BUSINESS
Forex gains, interest income from foreign securities helped RBI transfer higher surplus to Centre
On May 23, the RBI Central Board has approved the transfer of Rs 2.69 lakh crores as surplus to the government for the financial year 2024-25.
BUSINESS
RBI hires 604 in 2024, lowest in four years
This is the fourth year in a row that hirings have dropped. The central bank had hired 882 people in 2023
BUSINESS
Currency printing expenditure rises 25% to Rs 6,372.8 crore in FY25: RBI annual report
The central bank had spent Rs 5,101.4 crore to print currency in FY24
BUSINESS
Counterfeit notes of Rs 500 denomination surged 37% YoY in FY25, shows RBI annual report
The other denominations where fake currency were found were Rs 100 denomination with 51,069 pieces, Rs 200 denomination with 32,660 pieces, and Rs 2000 denomination with 3,508 pieces in 2025, report showed.
BUSINESS
Value of retail CBDC in circulation rose 334% in FY25: RBI annual report
The retail CBDC pilot was started on December 1, 2022. The RBI launched the wholesale pilot of CBDC on November 1, 2022 to settle G-Secs trades using the digital rupee.
BUSINESS
RBI annual report bats for dovish monetary policy, cites benign inflation outlook, moderate growth
The monetary policy committee of the RBI started the rate cutting cycle early this year with 25 basis points (Bps) each cut in February and April policy to support growth.
BUSINESS
Cooling inflation gives confidence of durable alignment over 12-month horizon: RBI annual report
India's retail inflation slowed to 3.16% in April, the lowest since July 2019. Inflation was at 3.34% in March
BUSINESS
IndusInd Bank management was aware of derivatives discrepancies 15 months before disclosure: SEBI
The bank had revealed the numbers on March 10, 2025.
BUSINESS
Short-term debt gets cheaper due to higher surplus systemic liquidity
Yield on commercial papers (CP) and certificates of deposit (CD) reduced by 30-45 basis points (Bps) in May.
COMPANIES
LIC nears stake acquisition in health insurance firm, eyes higher AAA bond investments in FY26
Unlike typical acquisitions where a committee might determine stake size, LIC has opted for internal deliberations to decide the quantum of investment
BUSINESS
Rupee falls 30 paise in afternoon trade amid sell-off in equities
At 2:15 PM, the local currency was trading at 85.4012 against the US dollar, as compared to 85.0912 against the greenback at previous close
BUSINESS
MPC Poll | RBI likely to cut repo rate by 25 bps in June policy
If the central bank cuts the rate in June policy, then it will the third consecutive rate cut after 25 bps cut each in February and April to support growth. Currently, the repo rate stands at 6.00 percent.
BUSINESS
RBI board approves record dividend transfer of Rs 2.69 lakh crore to Centre for FY25
RBI board revised Contingent Risk Buffer to 6.0 percent, ± 1.5 percent of balance sheet size, as against the existing level of 6.5 percent, with a lower bound of 5.5 percent.
BUSINESS
IndusInd Bank taps CD market after two months, gets 50 bps higher rate than peers
IndusInd Bank stayed absent from the primary market after mobilizing heavy funds in March. The lender had ramped up efforts to mobilise certificates of deposit in March to raise more than Rs 16,500 crore through CDs.
BUSINESS
Indian rupee logs biggest single-day gain in over 2 years at close
According to the Bloomberg data, the local currency’s biggest gain was seen after November 11, 2022, when it appreciated around 99 paise in a single day.
BUSINESS
FPIs sell over Rs 4,000 crore of Indian bonds in global indices in just a week as US yields spike
The spread between Indian and US 10-year bonds recently fell to its lowest in over two decades, after the yield on US treasuries spiked over fiscal concerns.
BUSINESS
Banks seeking CRR cut over OMO auctions for liquidity infusion
A 50 bps CRR cut can free up around Rs 1.20 lakh crore worth of banks’ liquidity which lenders can use for lending or parking in money market instruments, thus accruing recurring returns which gets added to the bottomline.
BUSINESS
Call money volumes may not get fillip despite proposed extension in market timings
On May 2, the Reserve Bank of India’s (RBI) working group has recommended the extending of trading timings for the call money market to 7 PM from the current timing of 5 PM. This, to meet the needs of the banks in real-time payment system.
