May 26, 2022 05:04 PM ISTBond issuances are likely to stay subdued at least till the June 8 monetary policy for bond yield spreads to adjust and as clarity on interest rates emerges, a majority of money market participants have said
May 26, 2022 07:41 AM IST Non-Banking Financial Companies (NBFCs) whose CoR stands cancelled are: UMB Securities Ltd, Anashri Finvest, Chadha Finance, Alexcy Tracon, and Jhuria Financial Services.
May 25, 2022 08:03 PM IST The central bank found that the five NBFCs violated RBI guidelines on outsourcing and Fair Practices Code in their digital lending operations undertaken through third-party apps. This was considered “detrimental to the public interest,” the RBI said.
May 24, 2022 07:36 PM IST The dividend transfer of Rs 30,307 crore is much below the government’s budgetary expectation of Rs 73,948 crore from RBI and PSU banks. Thus, it has created a shortfall of around Rs 4 3,641 crore, compared to the budgeted numbers.
May 24, 2022 12:34 PM IST Also, the petitioner wants the Delhi HC to stay an RBI rule that lets private bank promoters to keep up to 26% stake in banks.
May 23, 2022 06:06 PM IST The bank had not adhered to prudential inter-bank (gross) exposure limit, the RBI said in a release.
May 23, 2022 06:03 PM IST The six-member committee will also look into the adequacy of customer service regulations and suggest measures to improve customer service, the RBI said in a release
May 23, 2022 04:38 PM IST The government over the weekend announced a slew of measures to fight inflation including a cut in excise duty cut on petrol that can have revenue implications
May 23, 2022 01:36 PM IST HDFC on April 4 said its board has approved the merger of its wholly owned subsidiaries HDFC Investments and HDFC Holdings with HDFC Bank
May 23, 2022 01:12 PM IST The RBI aims to prevent excessive volatility in rupee, the governor said
May 23, 2022 12:46 PM IST The market is “right in thinking” that the MPC wants to raise rates in the next meeting on June 8, Shaktikanta Das tells CNBC-TV18 in an interview
May 23, 2022 11:21 AM IST Instant loan providers are thriving, luring gullible consumers looking for easy loans only to harass them later using recovery agents, pushing many to commit suicide. Moneycontrol tracked a few such cases. Here’s what we found
May 20, 2022 03:54 PM IST The rupee has been depreciating against the dollar on worries of stagflation and aggressive interest rate hikes by the US Federal Reserve. In May alone, the rupee has dropped to a record low five times
May 19, 2022 06:54 PM IST The central bank, in its April monetary policy meeting, had proposed to allow interoperability in cardless cash withdrawal transactions at all banks and ATMs using the UPI facility
May 19, 2022 06:46 PM IST In March, the government had said that State Bank of India will provide $1 billion credit facility to Sri Lanka for procurement of food, medicines and other essential items
May 18, 2022 05:08 PM IST The MPC, in a surprise move on May 4, had hiked the repo rate by 40 basis points to 4.40 percent and increased the cash reserve ratio by 50 basis points amid concerns over high inflation.
May 18, 2022 12:37 PM IST Earlier this month, Monetary Policy Committee (MPC), the central bank’s rate-setting panel, surprised the markets with a 40 basis points hike in repo rate in an off-cycle policy meeting. It was also the first rate hike after August 2018, amid spiralling inflation.
May 18, 2022 08:19 AM IST Expensive food and fuel have burnt a deep hole in the pockets of consumers; the poor have been particularly badly hit
May 17, 2022 06:14 PM IST The bank didn't flow its directions on interest rates for deposits and reporting mechanism of frauds, the RBI said in a release
May 17, 2022 06:07 PM IST In order to achieve a higher growth path on a sustainable basis, private investment needs to be encouraged through higher capital expenditure by the government, the RBI said.
May 16, 2022 07:48 AM IST India's retail inflation accelerated to an eight-year high in April, remaining above the central bank's tolerance limit for a fourth month in a row, and is likely to stay elevated.
May 13, 2022 03:30 PM IST The RBI’s limitation in intervening heavily in the debt market signals that bond yields are likely to rise further as the banking regulator continues with the removal of policy accommodation, economists and money market experts say.
May 12, 2022 07:12 AM IST The MPC, headed by the RBI Governor, is scheduled to meet between June 6 and June 8. It has been mandated to keep retail inflation in the range of 2-6 per cent.
May 11, 2022 05:39 PM IST The central bank extended the restrictions on Solapur-based The Laxmi Co-operative Bank and Bengaluru-based Sri Guru Raghavendra Sahakara Bank Niyamitha due to their deteriorating financial condition.
May 10, 2022 05:23 PM IST Should the prospect of a letter arise again by September, the RBI must see it as an opportunity to explain the challenges of navigating extraordinarily uncertain times, Subbarao said
Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
