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Cash Reserve Ratio

Despite CRR cut, liquidity deficit in banking system crosses Rs 2 trillion

This reduction in the CRR released primary liquidity of approximately Rs 1.16 trillion into the banking system

Despite CRR cut, liquidity deficit in banking system crosses Rs 2 trillion
Updated On : 01 Jan 2025 | 12:12 AM IST

Punjab & Sind Bank plans to raise Rs 3,000 cr from infra bonds this month

State-owned Punjab & Sind Bank plans to raise Rs 3,000 crore from maiden infrastructure bonds this month as part of exercise to raise resources to expand loan book. "We have taken board approval for raising Rs 5,000 crore from infrastructure bonds in tranches. As against that, the bank proposes to raise Rs 3,000 crore in the first tranche," Punjab & Sind Bank Managing Director and CEO Swarup Kumar Saha said. Asked about the timing of fundraise, he said, it would be tentatively in the third week of this month. The base issue size is going to be Rs 500 crore, with a greenshoe option of Rs 2,500 crore. In accordance with RBI guidelines, these papers would have a tenure of 10 years. They have been rated as 'AA' by domestic rating agencies. The bank proposes to utilise the proceeds in the next two quarters. These bonds would be listed on the National Stock Exchange (NSE) for trading. The bank is aiming at the credit growth of 13-14 per cent during the current financial ...

Punjab & Sind Bank plans to raise Rs 3,000 cr from infra bonds this month
Updated On : 12 Dec 2024 | 11:55 AM IST
Updated On : 06 Dec 2024 | 11:47 PM IST

RBI MPC Updates: Shaktikanta Das headlines inflation, says no room for knee-jerk reactions

RBI Monetary Policy Meeting Dec 2024 Updates: Catch all the updates here

RBI MPC Updates: Shaktikanta Das headlines inflation, says no room for knee-jerk reactions
Updated On : 06 Dec 2024 | 4:08 PM IST

RBI slashes Cash Reserve Ratio to 4%: What it means for banks and you

RBI governor Shaktikanta Das said that the CRR reduction will release Rs 1.16 trillion into the banking system, providing additional liquidity and enable banks to extend more loans

RBI slashes Cash Reserve Ratio to 4%: What it means for banks and you
Updated On : 06 Dec 2024 | 12:02 PM IST

RBI set to announce decision on key interest rate on Dec 6 at 10 am

The Reserve Bank on Friday morning will announce the decision on interest rate after the conclusion of the three-day monetary policy panel meeting, amid high inflation and weak GDP growth numbers. Experts are of the view that the central bank is likely to opt for status quo on the short-term lending rate (repo), and will possibly tinker with cash reserve ratio (CRR) keeping in mind the mixed economic trends. "Coming up: Monetary Policy Statement by #RBI Governor @DasShaktikanta on December 06, 2024, at 10:00 am," the Reserve Bank announced on social media platform 'X'. Reserve Bank Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) started its meeting to decide on the next set of bi-monthly monetary policy on Wednesday. Das is chairing the last MPC meeting of his current term which ends on December 10. The Reserve Bank has kept the repo or short-term lending rate unchanged at 6.5 per cent since February 2023. It last hiked the repo rate to 6.5 per cent in

RBI set to announce decision on key interest rate on Dec 6 at 10 am
Updated On : 05 Dec 2024 | 7:35 PM IST

Share markets rise on expectations of CRR cut by RBI later this week

The NSE Nifty 50 climbed 0.32 per cent to 24,534.65 points, as of 11:02 a.m. IST, while the BSE Sensex gained 0.37 per cent to 81,145.54

Share markets rise on expectations of CRR cut by RBI later this week
Updated On : 04 Dec 2024 | 5:10 PM IST

Money in the bank: Debate over cash reserve ratio's utility grows

Indians are flocking to invest in stocks, putting pressure on banks which need to strike a balance between deposits and loans

Money in the bank: Debate over cash reserve ratio's utility grows
Updated On : 06 Oct 2024 | 9:15 PM IST

SBI raises Rs 10,000 crore at a coupon of 7.36% in 15-year infra bonds

Several other state-owned lenders such as Canara Bank and Bank of India are also planning to raise funds through infrastructure bonds

SBI raises Rs 10,000 crore at a coupon of 7.36% in 15-year infra bonds
Updated On : 10 Jul 2024 | 9:46 PM IST

Lenders seek better terms to increase green and sustainable financing

According to current norms, for Rs 10,000 crore of loans, banks have to ensure Rs 4,000 crore of priority sector lending target

Lenders seek better terms to increase green and sustainable financing
Updated On : 14 Jun 2024 | 11:43 PM IST

Many faces of OMO

The OMO sale is quite an innovative way to address the concerns around currency

Many faces of OMO
Updated On : 22 Oct 2023 | 7:05 PM IST

Banking liquidity remains in deficit after I-CRR disbursement's 2nd tranche

RBI had decided on September 8 to discontinue the I-CRR by October 7, in a phased manner

Banking liquidity remains in deficit after I-CRR disbursement's 2nd tranche
Updated On : 25 Sep 2023 | 7:39 PM IST

Advance tax payments push the banking system liquidity into deficit

"The estimates are that around Rs 90,000 crore to Rs 1 trillion will go out as goods and services tax (GST) outflow," a dealer at a primary dealership said

Advance tax payments push the banking system liquidity into deficit
Updated On : 18 Sep 2023 | 11:43 PM IST

Lenders likely to hike deposit rates up to 25 bps this festival season

Only those with asset-liability management mismatch would consider upward rate revisions

Lenders likely to hike deposit rates up to 25 bps this festival season
Updated On : 11 Sep 2023 | 9:36 PM IST

Overnight index swap rates at 10-month high; government bond yields rise

One-year swap rate has jumped 13 bps so far in September, whereas the five-year swap rate has jumped 19 bps

Overnight index swap rates at 10-month high; government bond yields rise
Updated On : 11 Sep 2023 | 9:32 PM IST

India's OIS rates hit nine-month high, government bond yields rise

The one-year swap rate hit 7.10 per cent on Monday, the highest level since March 9, while the five-year swap rate rose to 6.85 per cent, a level last seen on November 9, 2022

India's OIS rates hit nine-month high, government bond yields rise
Updated On : 11 Sep 2023 | 7:34 PM IST

RBI decides to withdraw incremental CRR by Oct 7 in phased manner

RBI had said the I-CRR decision will be reviewed on or before 8 September

RBI decides to withdraw incremental CRR by Oct 7 in phased manner
Updated On : 08 Sep 2023 | 9:26 PM IST

RBI to discontinue incremental cash reserve ratio in a phased manner

The amounts impounded under the I-CRR will be released in stages so that system liquidity is not subjected to sudden shocks and money markets function in an orderly fashion

RBI to discontinue incremental cash reserve ratio in a phased manner
Updated On : 08 Sep 2023 | 3:04 PM IST

India bond yields end flat as all eyes on RBI's I-CRR review this week

The I-CRR could be reduced to 5%-8% in a phased manner from the current 10%, treasury officials have said

India bond yields end flat as all eyes on RBI's I-CRR review this week
Updated On : 06 Sep 2023 | 10:35 PM IST