Page 2 - Latest Updates on Cash Reserve Ratio
Many faces of OMO
The OMO sale is quite an innovative way to address the concerns around currency
 "Many faces of OMO")
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")
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")
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")
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")
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")
RBI decides to withdraw incremental CRR by Oct 7 in phased manner
Net impact of incremental CRR was estimated to be little more than Rs 1 trn
 "RBI decides to withdraw incremental CRR by Oct 7 in phased manner")
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")
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")
RBI may extend incremental cash reserve ratio with tweaks: Bankers
"The I-CRR is acting as an indirect rate hike and, at best, the RBI could lower the limit taking into consideration tax outflows," a senior treasury official at a private bank said
Maruti Suzuki to invest Rs 45,000 crore to double capacity in 8 years
Targets 4 mn annual output; new CFO to take charge on Jan 1
 "Maruti Suzuki to invest Rs 45,000 crore to double capacity in 8 years")
Short-term govt bond rates harden after incremental CRR guidelines
The yield on the one-year and two-year government bonds has edged up 8 basis points and 4 basis points respectively since August 10
 "Short-term govt bond rates harden after incremental CRR guidelines")
10% incremental CRR temporary, will drain out Rs 1 trn from system: RBI
Short-term rates on money market instruments like call money rates, treasury bills and commercial paper are likely to increase by 15-20 bps in the near term: ICRA
 "10% incremental CRR temporary, will drain out Rs 1 trn from system: RBI")
Incremental CRR move to help suck out Rs 1 trn of excess liquidity: Das
While announcing the move, Das had said the return of Rs 2,000 notes since May 19 this year, has led to instances of excess liquidity for which the move was being introduced
 "Incremental CRR move to help suck out Rs 1 trn of excess liquidity: Das")
Incremental CRR to suck out liquidity of over Rs 1 trn: RBI governor Das
During the RBI MPC announcement, Shaktikanta Das had said that I-CRR is intended to absorb the surplus liquidity generated by various factors, including the return of Rs 2,000 notes to the banks
 "Incremental CRR to suck out liquidity of over Rs 1 trn: RBI governor Das")
Banks to maintain 10% additional CRR from Aug 12 as temporary measure: RBI
Action is part of central bank's efforts to reduce surplus liquidity, it says after monetary policy announcement
Banks want CRR, SLR, priority sector exemption for sovereign green bonds
Suggest green masala bond to attract foreign investors
 "Banks want CRR, SLR, priority sector exemption for sovereign green bonds")
RBI imposes penalty of Rs 13.9 lakh on Mynd Solutions for non-compliance
Non-promoter shareholding in the company exceeded the 10% ceiling prescribed for TReDS operators
 "RBI imposes penalty of Rs 13.9 lakh on Mynd Solutions for non-compliance")
ICICI Bank raises Rs 5,000 cr via infrastructure bonds for funding projects
The base issue size for ICICI Bank's infra bonds was Rs 1,000 crore with green shoe option of Rs 4,000 crore
 "ICICI Bank raises Rs 5,000 cr via infrastructure bonds for funding projects")
SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times
10-year paper priced at 7.51%, or about 17 bps above benchmark g-sec yield
 "SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times")
