Page 8 - Anup Roy

RBI to transfer Rs 99,122 cr as dividend to govt, changes accounting year

The transfer was approved on Friday in the meeting of the regulator's Central board.

Study analyses home loan trends to find affordable housing is Covid proof

About 60% of sales by value, 90% by volume were driven by affordable segment, for which less than Rs 35 lakh of loans each were taken

RBI buys bonds worth Rs 35,000 crore under second tranche of G-SAP

The central bank has been buying bonds both directly, and anonymously, from the market in order to keep the bond yields low

NPS subscriber base increases in April despite second Covid-19 wave

NPS subscribers grew 23.33 per cent to about 42.7 million by the end of April, from 34.6 million a year ago, and 42.4 million in March this year, according to PFRDA

NBFCs had objected to RBI rules on auditor change, called for expert panel

The RBI had said in its guidelines that all banks and NBFCs, except non-deposit taking ones below Rs 1,000 crore, should change their auditors

Standard Chartered to reimburse Covid expenses of 25,000 employees

Bankers are particularly vulnerable as they have to keep branches open; already over 1,000 bankers have passed away due to the pandemic

Rupee slips below 73 against dollar in intraday trade, corrects back

This is because of absence of RBI in the spot market: Experts

More steps for Covid affected soon, may have to change growth forecast: RBI

These will be on top of RBI's May 5 measures, such as Rs 50,000 cr package for healthcare sector and recast of loans up to Rs 25 cr for individuals and small businesses

Reserve Bank of India leaves 10-year bond unsold in auction, rejects bids

The rejection of the bids brought down yields by 2 basis points and the 10-year bond closed at below 6 per cent again, at 5.99 per cent

Covid to act as speed-breaker, but won't derail economy, say experts

Some improvement likely when enough people are vaccinated in the later part of the year

States go slow on projects, halve borrowing even as Covid wreaks havoc

The reason could lie in RBI's accommodation to them and the fact that states themselves could be burdened with interest cost

G-SAP: Second tranche of bond buying worth Rs 35k cr on May 20, says RBI

The RBI had said on May 5 that it will buy Rs 35,000 crore bonds from the market, including the benchmark 10-year bonds

India's reserves adequacy improved to 18.6 months in December 2020

As at end-March 2021, RBI held 695.31 tonnes of gold--403.01 tonnes overseas with the Bank of England and Bank of International Settlements, and 292.30 tonnes domestically

Opportunity for India Inc to take forward cover widens as rupee strengthens

Many mid-sized firms don't take proper forward cover, exposing themselves to risk; others are going for it as they feel the rupee will weaken again and hit 80 to the dollar

Jose Kattoor named RBI Executive Director with effect from May 4

In charge of Human Resource Mgt Dept, Corporate Strategy and Budget Dept and Rajbhasha

Plea filed with SC seeking moratorium of 6 months on repayment of bank dues

It is not clear yet if the plea has been admitted by the Court, and if so, what further action the RBI could take

RBI in Impossible Trinity but ready with reserves, say economists

The RBI cannot have an independent monetary policy (setting domestic interest rates) in an environment of an open capital account and flexible exchange rates, they say

Dollar forward rates normalise after carry traders unwind positions

Decline in premium to help importers hedge near-term exposures

RBI announces loan relief, Rs 50,000 cr liquidity to tide over Covid

Central bank's 'immediate objective is to preserve human life and restore livelihoods', says Shaktikanta Das.

Bond bulls bring down 10-year yield below 6% for first time since Feb 12

This was after the RBI assured the market of ample liquidity and another round of secondary market purchase of Rs 35,000 crore