Dec 02, 2022 06:43 PM IST

Digital rupee will co-exist rather than compete with UPI: Experts

An ecosystem needs to be built for the retail adoption of the e-Rupee, like cashbacks on UPI apps, which are a great pull for the user, say experts.

India's forex reserves rise for third week in a row

During the week ending November 25, the forex reserve rose $2.89 billion to $550.14 billion.

RBI imposes monetary penalty on Arunachal Pradesh Rural Bank for non-compliance

RBI clarified in the statements that the penalties are not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

We expect borrowing numbers to be on the higher side in the Budget, says LIC MF's Marzban Irani

On the policy front, he expects a 35-bps hike, taking the repo rate to 6.25%. Also, beginning December, he sees the pace of rate hikes in the US slowing down.

RBI relaxes rules for foreign branches of Indian banks to deal in financial products not permitted in India

The foreign branches/foreign subsidiaries of Indian banks/AIFIs can deal in financial products, including structured financial products, which are not available or are not permitted by the Reserve Bank in the domestic market without its prior approval

What is a benchmark bond?

RBI to conduct 14-day variable rate reverse repo auction on December 2

The VRRR is usually undertaken to withdraw access liquidity from the system. Currently, the liquidity in the banking system is in surplus of around Rs 1.2 lakh crore.

RBI seen raising rates by smaller 35bps in December, hiking again in early 2023: Poll

A strong two-thirds majority said it was still too soon for the central bank to take its eye off inflation, which slowed to 6.77% in October having stayed above the upper end of the RBI's 2-6% tolerance band all year.

Government, RBI caution on cryptocurrencies has served India well

While the exact number of cryptocurrency investors and the scale of investments in India is not clear, in all likelihood the Indian investor community has not faced the brunt of crypto meltdown as have the investors in other countries

Robust benchmarks in financial markets a must, says RBI deputy governor T Rabi Sankar

Financial benchmarks, used as references for pricing, valuation and settlement of financial instruments, are a key driver of the price integrity of financial markets

RBI imposes monetary penalty on Zoroastrian, Indian Mercantile and five other co-op banks

The RBI has clarified that the penalties are not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

Bank credit growth accelerates to 17.2% in September quarter: RBI data

Since December 2020, bank branches in metropolitan centres have been recording higher annual growth than those in rural, semi-urban and urban areas

Banks rush to raise funds via corporate bonds as credit demand picks up

In the past two weeks, some banks have raised more than Rs 5,000 crore through bonds of various tenures. Going forward, IDFC First Bank, Kotak Mahindra Bank, Bank of India and J&K Bank are expected to mop up funds from the market.

India's forex reserves rise for second week in a row

The uptick in the foreign exchange reserves is a result of the rise in the Foreign Currency Assets (FCA), which is a major component of the overall reserves.

Fundraising via unlisted bonds fell over 60% on-year in H1FY23 on low investors demand

The amount raised by way of unlisted bonds between April and September this year was Rs 20,413 crore, compared to Rs 53,176 crore over the same period last year.

For big tech and banking, cautious optimism is a better approach

Regulators around the world have already taken or are contemplating a variety of steps and policy measures to contain and manage the risks arising from big techs’ linkages with the banking and financial services sector

Rupee to trade in 79-82 range against US dollar in 2023, say experts

"(The rupee) will depreciate a bit to 83 per dollar or so in the first half of 2023, but should strengthen after that," noted Ashima Goyal, External member RBI MPC.

For inflation, crude oil is the biggest joker in the pack: Lakshmi Iyer, CEO, Kotak Investment Advisors

The CEO believes India's growth story is intact, offering opportunities in fixed income and equities, and external factors may delay but not derail it

RBI extends direction to Garha Co-operative Bank for three months

The validity of the directions was extended from time-to-time, the last being up to November 24, 2022

India’s US Treasury Securities holding rose 4.3% on-month to $221.2 billion in August: SEBI Bulletin

Dealers expect that India will try to increase its US Treasury holdings as these notes will be attractive even after their yields ease.

T-bill yields to remain range bound in near term: Dealers

In the previous week's auction, the cut-off yield on T-Bills eased after rising for consecutive weeks. The cut-off yield on the 91-day T-Bill fell by 4 bps, while on the 182-day and 364-day T-bills it fell by 8 and 10 bps, respectively.

RBI slaps penalty on The Parwanoo Urban Co-operative Bank for violations

The Inspection Report and Risk Assessment Report of the bank based on its financial position as on March 31, 2021 revealed non-compliance with specific directions issued to the bank by RBI under Supervisory Action Framework (SAF), the RBI said.

Research must strengthen its consultative approach to collecting data directly from stakeholders: RBI Governor

The Governor added that in a world increasingly defined by the acronym `Vuca' (volatility, uncertainty, complexity, ambiguity), many of the backward-looking models that run on past data may not be able to provide useful insights for policy.

Spread between G-Secs and corporate bonds widens on resumption in issuance by companies

According to experts, with a few more rate hikes expected this fiscal, issuers are looking to shift some of their borrowings to NCDs to lock-in fixed coupon rates

How long can states sustain on Centre’s fiscal support and perpetual loans?

New sources of risk such as a return to the old pension system, and mounting overdue of power discoms could push many states to a fiscal precipice