Page 197 - Latest Updates on Reserve Bank of India
Lenders to get 10-15 bps margin gains from rate hike, says report
India Ratings said the market rates had already been moving higher before the move
 "Lenders to get 10-15 bps margin gains from rate hike, says report")
Bank unions protest RBI order to keep branches open Sunday for LIC IPO
Bank officers union AIBOC has objected to the RBI's decision to open ASBA-designated branches on Sunday to facilitate subscription to the public offer of LIC
 "Bank unions protest RBI order to keep branches open Sunday for LIC IPO")
RBI asks ASBA designated bank branches to remain open on Sunday for LIC IPO
LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market
 "RBI asks ASBA designated bank branches to remain open on Sunday for LIC IPO")
RBI hikes repo rate by 40 bps: Analysts see muted impact on banks' NIM, PAT
Non-bank finance companies (NBFCs), however, may feel more heat, except those engaged in mortgage financing
 "RBI hikes repo rate by 40 bps: Analysts see muted impact on banks' NIM, PAT")
Banks start raising their lending rates for external benchmark loans
ICICI Bank raises its rate to 8.10%; BoB ups repo-linked rate to 6.90%
 "Banks start raising their lending rates for external benchmark loans")
RBI should raise rates more to fulfil inflation mandate, regain credibility
Higher interest rates may complicate the financing of a record $200 billion government borrowing programme, bigger than even in the first year of the pandemic.
 "RBI should raise rates more to fulfil inflation mandate, regain credibility")
RBI raised interest rates fearing 'shocker' April inflation data: Report
The central bank's move shocked the markets and drove bond yields to multi-year highs. The 10-year benchmark bond closed at 7.40% on Thursday, its highest in three years
 "RBI raised interest rates fearing 'shocker' April inflation data: Report")
Economists expect higher rate hikes after RBI's hike to tame inflation
Most economists are now forecasting a cumulative 125-150 basis points of rate hikes over the next 12 months, compared with about 50 basis points expected three months ago
 "Economists expect higher rate hikes after RBI's hike to tame inflation")
Top headlines: Lending rates to rise, half a dozen IPOs in May after LIC
Business Standard brings you the top headlines at this hour
 "Top headlines: Lending rates to rise, half a dozen IPOs in May after LIC")
After a 16-yr low of 14.9% in 2019, LIC's private sector investments rise
LIC's private sector share of investments had touched a 16-year low of 14.9 per cent in 2019, an analysis by the Reserve Bank of India showed.
 "After a 16-yr low of 14.9% in 2019, LIC's private sector investments rise")
Bond yield shoots up; another interest rate hike likely in June
Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India, said he expected repo hikes in June and August policy review meetings too
 "Bond yield shoots up; another interest rate hike likely in June")
Lending rates set to rise; interest rates on deposits may also move up
Consequently, lenders will revise their lending rates upwards, especially on loans, which are linked to an external benchmark
 "Lending rates set to rise; interest rates on deposits may also move up")
Plan your prepayments, switch to tackle rise in home loan rates
New borrowers must avoid over-leveraging; prepare to cough up more as down payment
 "Plan your prepayments, switch to tackle rise in home loan rates")
RBI raises repo rate by 40 bps in surprise move; CRR increased by 50 bps
The 10-year government bond shot up 26 bps, with the street expecting another rate hike in the June policy
 "RBI raises repo rate by 40 bps in surprise move; CRR increased by 50 bps")
RBI girds up to fight inflation: No Band-Aid for realty, FMCG players
Monetary policy response will help preserve macro-financial stability, says RBI governor as he announces benchmark rate hike
 "RBI girds up to fight inflation: No Band-Aid for realty, FMCG players")
FY23 GDP forecasts by various agencies realistic: CEA Anantha Nageswaran
Range between RBI's 7.2% and IMF's 8.2% a reasonable prediction, says CEA
 "FY23 GDP forecasts by various agencies realistic: CEA Anantha Nageswaran")
Repo rate hike to liquidity surplus, here're the key parameters of RBI MPC
The MPC is faced with the grim prospect of missing its inflation mandate - which is to maintain average inflation between 2-6% for three consecutive quarters
 "Repo rate hike to liquidity surplus, here're the key parameters of RBI MPC")
Real estate, auto companies to bear the brunt of interest rate hikes
Niranjan Hiranandani, managing director of Hiranandani Group, said the RBI had to ensure that inflationary pressure on the individual did not get exacerbated by higher rates on home loans
 "Real estate, auto companies to bear the brunt of interest rate hikes")
Course correction
RBI has been slow in withdrawing accommodation
 "Course correction")
Growth to be in range of 7-8.5% given global uncertainties: CEA Nageswaran
The International Monetary Fund recently lowered its growth forecast to 8.2 per cent which is higher than 7.2 per cent by the Reserve Bank of India
 "Growth to be in range of 7-8.5% given global uncertainties: CEA Nageswaran")