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India's forex reserves rose by $963 million to $672.59 billion in the week ended June 19, driven by a sharp increase in gold reserves despite a decline in foreign currency assets
Under the draft proposals, companies will also be allowed to participate in the term money market as lenders but smaller non-bank finance firms will be excluded
In its latest direction, the central bank has dropped a provision defining the "indirect receipt of public funds"
Premium rose steadily after HDFC secured tightest-ever spread for an Indian lender
Draft master directions bring together rules for government securities trading, widening market access while consolidating norms on reporting, settlement and short selling
RBI's subsidised hedging facility for external commercial borrowings lowers currency risk costs, aiming to boost dollar inflows and strengthen support for the rupee
The benchmark 10-year bond yield fell 6 basis points to 6.80 per cent as RBI Governor Sanjay Malhotra's remarks eased rate-hike concerns
The draft framework requires regulated entities to establish board-approved model risk management systems covering all models, including AI and machine learning applications
The rating agency expects higher inflation, a possible RBI rate hike and slower economic growth amid energy market disruptions and below-normal monsoon conditions
RBI's push to attract FCNR deposits may ease external pressures, but improving conditions raise questions over the costs, risks and necessity of the incentives
The revised framework mandates annual identification of Upper Layer NBFCs and brings government-owned entities under the same exposure norms as their regulatory peers
Central bank chief says RBI is monitoring the inflation impact of higher crude oil prices, while highlighting India's stronger external position and resilient banking system
The lender has increased rates on fixed deposits in the two- to five-year buckets as banks intensify efforts to mobilise deposits amid widening credit-deposit gaps
Small Industries Development Bank of India is in talks with the International Finance Corp. to raise as much as $1 billion in five-year and seven-year tenors
Falling crude prices and US-Iran talks have eased pressure on the rupee, but RBI may continue building forex buffers amid global and domestic uncertainties
Central bank says prudential treatment of payment-linked credit facilities will depend on the nature of the underlying loan, irrespective of delivery mode
Central bank consolidates TReDS regulations, eases MSME access and permits financiers to obtain credit guarantee cover on platform exposures
This was done after the liquidity in the banking system turned in to deficit of ₹19,971.89 crore as on June 22, from a surplus of ₹30,685.11 crore as on June 21
The central bank remained a net seller in the spot forex market as the rupee came under pressure from geopolitical tensions and persistent foreign outflows
Non-food bank credit rose 17.4 per cent year-on-year in May, outpacing growth in non-bank funding and lifting total credit to the commercial sector