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Page 28 - Latest Updates on Reserve Bank of India

Govt eyes Rs 1 trillion in dividend from RBI to meet budget deficit target

A big surplus transfer will help the government in meeting any shortfall in disinvestment receipts and create room for funding welfare programmes after the elections

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Updated On : 22 May 2024 | 8:11 AM IST

Inflation seen closer to target in FY26: RBI's state of the economy report

The report says there is a growing optimism that India is on the cusp of a long-awaited economic take-off

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Updated On : 21 May 2024 | 11:36 PM IST

Govt likely to cut bond sales aided by higher cash balance: Officials

The yield on benchmark 10-year bond was little changed at 7.09 per cent on Tuesday

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Updated On : 21 May 2024 | 11:40 AM IST

Ujjivan SFB board to decide universal bank transition timelines in FY25

Ujjivan SFB's gross and net NPA ratio were 2.1 per cent and 0.3 per cent in March 2024. The ratios were at 2.6 per cent and 0.4 per cent as on March 2023

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Updated On : 20 May 2024 | 10:31 PM IST

RBI Guv Das casts vote in Mumbai, urges electors to exercise voting right

Tata Sons Chairman N Chandrasekaran was also among the early voters from the world of business

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Updated On : 20 May 2024 | 10:29 AM IST

Unsecured loans, capital market funding can bring grief for NBFCs: RBI DG

The career commercial banker-tuned-regulator also flagged the risk limits for certain products or segments like unsecured lending are 'way too high' to be sustainable in the long run

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Updated On : 16 May 2024 | 9:49 PM IST

Credit offtake stays robust at nearly 16% in May, shows RBI data

The deposit mobilisation also saw an uptick at 13 per cent Y-o-Y growth against the 10.4 per cent on May 5, 2023, according to Reserve Bank of India (RBI) data

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Updated On : 16 May 2024 | 9:15 PM IST

RBI repurchases Rs 2,069 cr worth of bonds, against notified Rs 60,000 cr

The securities scheduled for buyback were 6.18 per cent 2024, 9.15 per cent Government Securities (GS) 2024, and 6.89 per cent GS 2025

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Updated On : 16 May 2024 | 7:18 PM IST

RBI action could increase business volatility for some NBFCs: Fitch

Firms' implementation of regulatory instructions varies, says ratings agency

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Updated On : 16 May 2024 | 5:25 PM IST

India sees forex reserves as main tool to manage bond index inflows

The Reserve Bank of India plans to absorb the inflows and match the outflows using its near-record high $642 billion reserves

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Updated On : 16 May 2024 | 1:37 PM IST

Govt plans to change base year of key economic gauges like CPI to FY23

Economic indices such as the Index of Industrial Production (IIP), Wholesale Price Index (WPI), and National Income are benchmarked to FY12

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Updated On : 16 May 2024 | 10:01 AM IST

Agile approach

Rupee should be allowed to adjust to lower levels

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Updated On : 15 May 2024 | 9:56 PM IST

RBI urges gold loan NBFCs to strictly comply with norms amid biz surge

RBI took stock of the gold loan business of non-banking finance companies after one of them - IIFL Finance faced regulatory restriction for violating norms

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Updated On : 16 May 2024 | 5:00 AM IST

Global funds eye India's maturity bonds betting on RBI's policy shift

The proportion of foreign money allocated to local bonds due in 10 years or more climbed to 17 per cent last week, up from just 11 per cent in September

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Updated On : 15 May 2024 | 11:30 AM IST

Rupee appreciates 4 paise to 83.47 against US dollar in early trade

Forex traders said with foreign investors buying US dollars and the Reserve Bank of India (RBI) selling the greenback, the USD/INR pair is expected to remain range-bound

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Updated On : 15 May 2024 | 10:30 AM IST

Quant Money Managers gets RBI nod to acquire up to 9.98% in RBL Bank

Stake can be acquired through various schemes by mutual fund subsidiary of the investment management firm

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Updated On : 14 May 2024 | 1:32 PM IST

Piramal Group's fund management arm invests Rs 600 cr in Annapurna Finance

The assets under management of Annapurna Finance exceed $1.25 billion as of March 31, 2024, with 1,372 branches spread across 20 states and covering nearly 450 districts

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Updated On : 13 May 2024 | 6:21 PM IST

India's move to buy back bonds runs into RBI's need to keep tight stance

Last week, the monetary authority accepted bids for about a quarter of the 400 billion rupees ($4.8 billion) of bonds the government offered to repurchase

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Updated On : 14 May 2024 | 8:59 AM IST

Bullish case for the rupee's rebound dented by RBI's intervention fears

RBI's objective is to prevent outsized moves in the rupee in either direction, said Michael Wan, senior currency analyst at MUFG, adding that this would limit the rupee's upside

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Updated On : 14 May 2024 | 9:01 AM IST

RBI appoints R Lakshmi Kanth Rao as executive director effective May 10

As executive director, Rao will handle the Deposit Insurance and Credit Guarantee Corporation (DICGC), the Right to Information Act (FAA), and the Department of Communication

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Updated On : 10 May 2024 | 8:56 PM IST