The RBI said it was taking a "more liberal approach" for long-term foreign currency borrowing as well as for external commercial borrowings denominated in Indian rupees.
Gagan Banga, Vice Chairman & Managing Director, Indiabulls Housing Finance said the acquired UK-based company would be a deposit taking franchise and that the financial impact will only be 1 percent of the total balance sheet.
Last week, the Reserve Bank of India (RBI) granted an in-principle nod to 10 applicants for small finance banks.
The rupee plunged to close at 2-year low of 66.82 against the American currency. The benchmark 7.72 percent government security maturing in 2025 slumped to Rs 99.4350 from 99.7575 previously, while its yield rose to 7.80 percent.
In its third bi-monthly monetary policy review which will be announced on the 4th of August, the Reserve Bank of India (RBI) is as likely to announce another rate cut as it is likely to maintain status quo
Jayant Sinha's comments come days after the finance ministry published draft legislation that proposes to reduce the RBI's influence in setting interest rates.
Reserve Bank of India (RBI) Governor Raghuram Rajan has cut interest rates three times this year to boost growth, but he has since warned he will not cut again if poor rains drive up prices and threaten his inflation target.Bond and stock traders in Mumbai have been left compulsively checking weather forecasts.
Ahead of the April 7 review, four members had recommended the RBI cut interest rates again, with two members suggesting easing by 50 basis points because of slowing economic growth. The other two recommended a quarter percentage point rate cut.
Although supported by Rajan, who believes it will bring transparency, a committee will nonetheless put the onus on him to convince other members of his views, and divisions are likely to become public, as MPCs typically release minutes or voting patterns.
The stronger than expected US economic data in the could have led the market to think the Federal Reserve would now start hiking rates sooner than later, which too could have spooked the currencies markets around the globe, feels Ashok Gautam of Axis Bank.
That 25 basis point cut is likely to be followed by another in the June policy review, the poll conducted March 4-9 showed. Only eight of 26 economists gave a more than 50 percent probability the RBI would move again at the April 7 meeting.
The new rates will be applicable from March 16, 2015, it added. Last week, the Reserve Bank had lowered the key repo rate - at which it lends to banks - by 0.25 percent to 7.5 percent. It was the second surprise and out-of-policy rate cut, after a similar slash in repo rate to 7.75 percent in mid-January.
If the outlook turns out correct, it will be another shot in the arm for Prime Minister Narendra Modi's efforts to revive the economy after the Reserve Bank of India (RBI) unexpectedly cut its policy rate for the second time this year on Wednesday.
For ECB of more than five years, it is 6 months Libor plus 500 basis points (5 percent). The all-in-cost ceiling limit had expired in December. The ceilings have been extended time to time since 2011 considering the global financial markets situation.
The apex court expressed concern about the payment of money to be made by Roy to secure his release from jail.
Kunj Bansal of Centrum Wealth Management is upbeat on the PSU banking space and would be a buyer in them. He thinks there is more value in PSU banks than private sector banks.
Consumer prices rose a slower-than-expected 5.5 percent on year in October, following a 6.5 percent increase in the previous month, led by a fall in local food prices. This was the slowest pace since the index was launched in January 2012.
The Reserve Bank of India (RBI) announcing OMOs indicates two things; One is that there has been plentiful liquidity, and the RBI has been buying dollars which means it is pumping rupees into the system.
Elected in May, Modi has made heavy infrastructure investment and construction of affordable housing for all by 2022 key elements of a reform agenda aimed at getting India's lumbering economy to grow a lot faster.
RBI has made it clear that not only is it looking at headline inflation in the core but also on how the inflation expectations pan out says Indranil Pan Chief Economist, Kotak Mahindra Bank
With RBI keenly watching inflation numbers, the house expects it to remain status quo in the April 1 monetary policy. In fact sees a rate hike later says Sonal Varma of Nomura Financial Advisory & Securities.
Asia's third-largest economy has been struggling to recover from a stagflation-type situation where economic growth has been stuck below 5 percent for the past seven quarters while prices continue to rise at a fast clip.
CPI will be more critical in terms of a data point and the street is expecting an estimate of 9.1 percent. This compares to 9.87 percent on the month-on-month basis. So there is a cool off, which is expected on a month-on-month basis.
The market would also need to overcome event risks such as the upcoming general elections and the impact of the expected gradual unwinding of the US Federal Reserve tapering of stimulus, or the quantitative easing (QE) programme.
Indian banking system has seen increase in NPAs and restructured accounts during the recent years.