Page 48 - Anjali Kumari

SBI Card introduces inaugural travel-centric core credit card 'MILES'

The card promises comprehensive travel benefits, including the conversion of Travel Credits to Air Miles and Hotel Points, enhanced rewards on all travel bookings, and access to airport lounges

RBI holds back US dollar sales in February amid pressure on rupee

India's foreign exchange reserves have been hitting new peaks for the past seven consecutive weeks

CD issuances fall significantly in April as liquidity conditions ease

Total CD issuances amounted to around Rs 19,850 crore as of 21 April, a significant decrease from the Rs 1.2 trillion worth of issuances in March

Rupee hits new intraday low, bond yields surge amid geopolitical tensions

The yield on the newly issued 10-year bond has risen by 6 basis points since its issuance

FPIs pull out of debt, selling pressure may continue until bond inclusion

Selling pressure may continue until India's inclusion in JPM index in June

Rupee hits new low of 83.54 against US dollar amid global worries

RBI likely intervened in the foreign exchange market by selling dollars through state-owned banks, which protected the rupee from further depreciation

RBI conducts two-day VRRR as liquidity surplus nears Rs 1 trillion

Banks parked Rs 32,576 crore, against the notified amount of Rs 50,000 crore at a weighted average rate of 6.49 per cent at the auction

Banks can't charge additional than key facts statement, says RBI

KFS is a statement of key facts of a loan agreement, in simple and easier-to-understand language, provided to the borrower in a standardised format

Rupee settles at record closing low amidst escalating tensions in West Asia

However, Indian rupee on Monday performed better than the majority of the Asian currencies

'Govt bond yields expected to stabilise after witnessing last week's surge'

The market will be closely monitoring the movement of crude oil prices given the geopolitical conflict heating up in the Middle East, said dealers

Global woes spook mkts: Sensex sinks 793 pts, bonds weaken and rupee falls

Gold soars and FPIs sell Rs 8K cr equities

Rupee, government bonds weaken post higher-than-expected March US CPI

The 10-year govt bond yield surged 7 bps to its highest level in over two months tracking the rise in US Treasury yields

India's foreign exchange reserves hit fresh peak of $648.56 billion

In the current calendar year, the reserves have expanded by 23 billion so far. As of 29 December 2023, India's foreign exchange reserves amounted to $623 billion

Banks prefer high premium corp, state bonds over G-secs in HTM portfolio

Banks must categorize bonds as 'held-to-maturity' on a permanent basis, with the exception of 5 per cent of the portfolio that can be withdrawn throughout the year, according to the new norms

Bond yield touches 2-month high; tracking a rise in US Treasury yields

New 10-year bond becomes the second most traded

RBI Guv Das for greater participation of banks in rupee derivatives market

Currently, domestic banks primarily interact with global market-makers rather than end clients and have yet to establish themselves as significant market-makers globally

Businesses of saving planet, sustainability can prosper: Uday Kotak

Wish for India to see it in the third place in the next five years as an absolute GDP

Monetary policy: 'Real rates do matter, inflation must align with target'

Reserve Bank of India Governor Shaktikanta Das and Deputy Governor Michael Patra responded to a host of queries in the post-policy interaction with the media. Edited excerpts:

India's forex kitty jumps $2.9 billion to new high of $645.6 billion

Das says confident of meeting external financing requirements

RBI to launch a mobile app for investing in government securities

The introduction of the app will enhance transparency and streamline the process for retail investors, said market participants