THE RESERVE BANK OF INDIA
Takeaways: RBI governor Das’ warning to financial markets, view on fiscal spending
The governor warned financial markets that they must be prepared for any halt in global inflows if risk aversion in external sector picks up.
Reserve Bank of India likely to propose stricter rules for shadow banks: Sources
The Reserve Bank began trying to move towards tighter norms ...
Union Bank plans QIP up to Rs 3,000 cr
"The bank plans to raise between Rs 2000 crore to Rs 3000 crore after its third quarter results annouc...
‘No room for RBI to cut rates despite sharp fall in inflation’
Inflation measured by the Consumer Price Index (CPI) eased to 4.59% in December, more than what the market expected, compared with 6.93% in November. Core inflation, which does not factor in food and oil prices softened to 5.2% against 5.4% earlier.
Inflation reins, but RBI to remain on the sidelines: Barclays
Looking at the details, the prices of vegetables appear to have fallen across the board, alongside lower prices for milk, pulses, and cereals.
Takeaways from RBI’s FSR: Worst of Covid-19 is over, but asset quality may deteriorate
The governor also implored banks to make more investments in information technology to build robust platforms and for operational purposes as well as for fortifying public confidence in digital banking.
Overnight borrowing rates shoot up after RBI announcement
The central bank's plan to suck out Rs. 2 lakh crore in a term repo auction triggered a jump in shorter duration rates including the tri-party repo rates (TREP), sovereign treasury bills, and inter-bank call money rate.
No broadbased reduction in rates due to RBI liquidity measure
Interest rates have come down sharply following RBI's rate cuts to deal with the economic uncertainties due to the Covid 19 pandemic and the RBI's move is seen by market participants as the first step towards restoring normalcy.
RBI to conduct variable reverse repo auction for Rs 2 lakh cr
It would conduct an auction on Jan. 15 to take from banks the excess cash that has pushed the overnight rates way below the reverse repo rate, which banks get for parking excess cash with the banker of last resort.
Will inflation rear its ugly head too soon to halt equity bull run?
The three major central banks — the US Federal Reserve, the European Central Bank and the Bank of Japan — pumped in close to $9 trillion in liquidity in 2020 to protect their economies from the damaging effects of Covid-19.
SBI Mutual Fund raises stake in CSB Bank to over 5%
According to a regulatory filing by CSB Bank, the stake of the fund house rose from 4.96 per cent to 5.01 per cent following the acquisition of an additional 86,993 shares.
Banks pass on less than half of rate cuts signalled by the Reserve Bank of India since March
Despite the RBI signaling 115 basis point(one bps is 0.01%) reduction of its benchmark repo rate - the rate at which it lends to banks - since March 2020, weighted average lending rates have fallen by 40 bps and 50bps on outstanding and fresh loans respectively between April and November.
Billions of dollars at stake for India banks in 2021 court cases
The legal tussles pit India’s lenders, central bank and government against corporate borrowers struggling to survive amid lockdowns prompted by Covid-19.
CLSA sees gradual recovery in banks' credit growth
Bank credit grew by 6% on a year-on-year basis in November compared with 7.2% in the corresponding period in the previous year, data from the RBI showed.
Dhanlaxmi Bank proposes to appoint Shivan JK as new MD, CEO; seeks shareholders' nod
Shivan retired as Chief General Manager of State Bank of India and handled various roles, including forex operations.