Page 9 - Anup Roy

RBI's LEF, forex intervention and Covid-19 push up short-term premium

Rates spike when there are huge dollars in the cash market but not enough takers to swap for a future date

RBI imposes a Rs 3-cr penalty on ICICI Bank for violating prudential norms

The central bank said it found contravention of norms in the matter of 'shifting of securities from one category to another'

T Rabi Sankar named RBI deputy governor to succeed B P Kanungo

Rabi Sankar now joins Mahesh Kumar Jain, Michael Patra and Rajeshwar Rao as the fourth deputy governor of the central bank

Ujjivan may move resolution again to appoint Samit Ghosh MD & CEO

The firm is reaching out to shareholders again in this issue after they voted against Ghosh earlier

IndusInd Bank net profit jumps 194% in March quarter on low provisions

The profit after tax grew to Rs 926 crore, from Rs 315 crore in the year-ago period

SBI business activity index falls below pre-Covid level as lockdowns return

Pandemic second wave might reach its peak "around 20 days from now, says lender's report

Large firms can take another 15% rupee drop due to natural hedge: Moody's

Analysing 22 rated Indian firms, Moody's found nearly half of them had dollar revenues or contracts priced in US dollars that protect the local earning

Banks with assets of more than Rs 15,000 crore must hire two auditors

Any bank with a balance sheet of less than Rs 15,000 crore can have one statutory auditor. However, in all cases, concurrent auditors cannot be appointed as statutory auditors

Decoded: Why higher circulation of currency is normal in abnormal times

In a country like India, where inflation is a curse word, currency in circulation has to be curtailed to control inflation

RBI fixes private bank MD, CEO tenures at 15 years; compliance by Oct 1

The rules apply to private banks, small finance banks, and wholly owned subsidiaries of foreign banks.

Covid-19 second wave single biggest challenge to recovery: RBI Governor Das

MPC minutes show one member saw little merit in continuing with central bank's forward guidance

$1-bn outflows: FPIs turn wary of India on worsening coronavirus crisis

Covid-19, US yields, dollar to weigh on equity flows in the near term

'Father of banking reforms': Ex-RBI governor M Narasimham passes away at 94

Narasimham also founded the credit planning cell in RBI, which became the monetary policy department

Citi may be spoilt for choice for consumer business suitors: Analysts

Process may take more than a year to complete, say analysts; business as usual as of now

RBI rejects 10-year bids, leaving short sellers scrambling for cover

Brings down yield to 6.08%, down 4 bps from last close

Citigroup announces retail business exit from India, 12 other countries

Says it lacks the scale to compete in retail space, will focus on wealth management business

Bond markets ignore RBI's G-Sap largesse on rising inflation; yields soar

Doubts cast about G-Sap effectiveness at a the time when the Covid-19 surge is threatening to halt economic revival in the country

With DHFL buy, Piramal Capital to bring retail loan share to 75% from 11%

Another reason it is acquiring Dewan Housing Finance is to reduce its wholesale lending operations

India fiscal health weak for quantitative easing, says Moody's

India is among the 11 emerging markets (EMs) that have jumped on the QE bandwagon

Rising Covid-19 infections may hit RBI's inflation maths, say experts

Consumer price index (CPI)-based inflation rose to 5.52 per cent in March, from 5.03 per cent in February. Core inflation was at 5.7 per cent.