Page 46 - Anjali Kumari

Corporate bond issuances fall 22% in August as firms await Fed rate cut

Issuers hold back, eyeing lower borrowing costs after Fed cut

Market expects MPC to implement cumulative 50 bps rate cut by March 2025

They also foresee a continued decline in food prices, which fell to 5.1 per cent in July from 8.4 per cent in June year-on-year, further supporting expectations of a rate cut

Rupee inches closer to 84 against dollar on high greenback demand

Closes at new loan of 83.99/$

SBI focuses on JanDhan, trusts, societies to mobilise incremental deposits

SBI is using wealth banking to focus on a segment which is below affluent class but above the normal account holders

Room for rate adjustments if food inflation decreases: Viral Acharya

Acharya explains why food inflation should not be excluded from the inflation targeting framework

Rupee at closing low; RBI intervention prevent from touching 84 per dollar

The local currency settled at 83.97 per dollar on Tuesday, almost flat compared to the previous close. The previous record low of 83.97 was hit on August 13 of the current year

Banking system liquidity improves to 1-month high on back of govt spending

"Government spending is the reason for the rise in liquidity. It might improve further but there will be some action by the RBI to manage liquidity," said Indranil Pan, chief economist, YES Bank

Households set to rebuild financial assets as income rises: RBI's Patra

He noted that the rebuilding process has already begun, with household savings increasing from an average of 10.6 per cent between 2011 and 2017 to 11.5 per cent during 2017-2023

India can't rely on wealthy to drive growth: Ex-RBI Dy Guv Viral Acharya

Acharya further said that India's consumption and GDP growth have struggled to recover to pre-COVID levels, with rural areas particularly lagging behind urban centres

Rupee second-worst performing Asian currency against greenback in Aug

In the current financial year, the rupee has depreciated by 0.6 per cent so far

Stable currency fosters internationalisation, says Zarin Daruwala

The rupee was the third most stable Asian currency against the US dollar in the financial year 2023-2024 after the Hong Kong dollar and Singapore dollar, primarily due to timely intervention by RBI

Technology may drive fulfillment of every citizen's aspirations: RBI Guv

Das further said that digital technologies have played a crucial role in advancing financial inclusion, enhancing efficiency, and delivering real-time services nationwide

Fintechs don't have track record to evoke trust: RBI's T Rabi Sankar

Speaking at Global Fintech Fest 2024, Sankar noted that fintech cos largely not licensed by regulator, making it even more crucial for them to prove they can operate responsibly and earn public trust

India's credit self-monitoring grows by 51%: TransUnion CIBIL report

Notably, 81 per cent of consumers from non-metro regions began monitoring their credit within six months of their first credit product

CD ratios of Indian banks lower than global peers, says Ashima Goyal

Goyal further stated that the rise in non-performing assets (NPAs) in certain areas, such as personal credit, can be managed through targeted prudential regulations

RBI focusing on making UPI, RuPay truly global, says Governor Das

RBI grants license to FACE as self-regulatory org in fintech sector

Market correction may drive deposit growth for banks: SBI MD Tewari

Tewari said that the deposit and credit gap is expected to correct next year as per the SBI's research

Interlinking domestic fast-pay ways won't solve crossborder issues: Waller

Says frictionless cross-border payments will make it difficult to check money laundering and terror funding

Canara Bank mops up Rs 3,000 crore in additional Tier-I bonds at 8.27%

Canara Bank managed to secure funding at a lower-than-expected 8.27 per cent -- a positive indicator for other lenders preparing to tap the AT-1 market in the near term

Grip Invest launches first privately placed Rs 10,000 face value bonds

One part of the issuance worth Rs 6.5 crore was launched on the Grip platform, which was fully subscribed, said Nikhil Aggarwal, Founder & Group CEO, Grip