Page 9 - Anjali Kumari

Households set to rebuild financial assets as income rises: RBI's Patra

He noted that the rebuilding process has already begun, with household savings increasing from an average of 10.6 per cent between 2011 and 2017 to 11.5 per cent during 2017-2023

India can't rely on wealthy to drive growth: Ex-RBI Dy Guv Viral Acharya

Acharya further said that India's consumption and GDP growth have struggled to recover to pre-COVID levels, with rural areas particularly lagging behind urban centres

Rupee second-worst performing Asian currency against greenback in Aug

In the current financial year, the rupee has depreciated by 0.6 per cent so far

Stable currency fosters internationalisation, says Zarin Daruwala

The rupee was the third most stable Asian currency against the US dollar in the financial year 2023-2024 after the Hong Kong dollar and Singapore dollar, primarily due to timely intervention by RBI

Technology may drive fulfillment of every citizen's aspirations: RBI Guv

Das further said that digital technologies have played a crucial role in advancing financial inclusion, enhancing efficiency, and delivering real-time services nationwide

Fintechs don't have track record to evoke trust: RBI's T Rabi Sankar

Speaking at Global Fintech Fest 2024, Sankar noted that fintech cos largely not licensed by regulator, making it even more crucial for them to prove they can operate responsibly and earn public trust

India's credit self-monitoring grows by 51%: TransUnion CIBIL report

Notably, 81 per cent of consumers from non-metro regions began monitoring their credit within six months of their first credit product

CD ratios of Indian banks lower than global peers, says Ashima Goyal

Goyal further stated that the rise in non-performing assets (NPAs) in certain areas, such as personal credit, can be managed through targeted prudential regulations

RBI focusing on making UPI, RuPay truly global, says Governor Das

RBI grants license to FACE as self-regulatory org in fintech sector

Market correction may drive deposit growth for banks: SBI MD Tewari

Tewari said that the deposit and credit gap is expected to correct next year as per the SBI's research

Interlinking domestic fast-pay ways won't solve crossborder issues: Waller

Says frictionless cross-border payments will make it difficult to check money laundering and terror funding

Canara Bank mops up Rs 3,000 crore in additional Tier-I bonds at 8.27%

Canara Bank managed to secure funding at a lower-than-expected 8.27 per cent -- a positive indicator for other lenders preparing to tap the AT-1 market in the near term

Grip Invest launches first privately placed Rs 10,000 face value bonds

One part of the issuance worth Rs 6.5 crore was launched on the Grip platform, which was fully subscribed, said Nikhil Aggarwal, Founder & Group CEO, Grip

Bank of Baroda raises Rs 5,000 crore via 10-year infra bonds at 7.3%

Coupon rate lower than what SBI offered in recent fundraise

Rupee gives up early gains to end flat due to importers' dollar demand

Market participants said that the Reserve Bank of India's intervention through dollar buys further weighed on the rupee during the day

Stocks, bonds may rally on Fed Chair Jerome Powell's rate cut cue

The yield on the benchmark 10-year government bond is expected to open around 4 basis points lower on Monday. It had settled at 6.86 per cent on Friday

Deposit mobilisation not a challenge for bank: SBI chief Dinesh Khara

In response to declining deposits, several Indian banks have introduced limited-period special fixed deposit schemes with higher interest rates for specific tenures

India's foreign exchange reserves rise by $4.54 billion to $674.66 billion

Gold reserves rose by $865 million during the week, while Special Drawing Rights (SDRs) increased by $60 million

Financial institutions should deploy measures to help MSMEs: RBI dy guv

Restructuring, grace periods and tailored repayment plans can be used as tools, says Swaminathan

LIC Housing Finance raises Rs 1,050 crore through 5-year bond at 7.75%

The greenshoe option gives the underwriter the right to sell investors more bonds than planned if the demand is higher than expected