Page 55 - Anjali Kumari

Banks not spending IT budgets fully, says RBI Dy Guv Swaminathan J

Reversal of interest cycle to impact margins, profits

RBI flags concentration risk among govt-NBFCs, all tied to power sector

The interconnectedness between NBFCs and banks in India has seen a rise due to NBFC's increased borrowings from banks, according to the report

Banks bid 3.2 times against notified amount of Rs 50,000 cr at VRR auction

Market participants speculate that this might be the last VRR auction conducted by the central bank as the liquidity condition is expected to improve in a few days due to government spending

RBI implements govt securities lending directions with immediate effect

In February of the same year, the central bank had released draft norms for lending and borrowing of government securities aimed at expanding participation in the securities lending market

2023 The India Story: When rupee gained currency against US dollar

The year rupee remained the most stable against the dollar in nearly three decades

12 states raise Rs. 20,759 crore through auction, Tamil Nadu tops list

Tamil Nadu secured Rs 6,000 crore through two papers - Rs 3,000 crore through a 10-year paper with a cut-off yield of 7.66%, and Rs 3,000 crore through a 30-year paper with a cut-off yield of 7.56%

2023 sees record Rs 8.8 trn corp bond, NCD issuances amid favourable market

Market participants said the corporate bond market showcased resilience and promise in 2023

Foreign exchange reserves rise by $9 bn in week to 20-month high at $616 bn

Gold reserves rose by $446 million in the previous week, whereas Special Drawing Rights (SDRs) increased by $135 million

Banks bid 2.5 times at Rs 4.75 trn against notified amount at VRR auction

Bids totaling 2.7 times the notified amount were received at VRR auction on December 15

RBI to conduct VRR auction again as liquidity deficit widens to Rs 2.3 trn

The market speculated a total of around Rs 4 trillion worth of outflows because of advanced tax and GST payments in December

Bank of Baroda raises Rs 2,500 crore through basel-III tier-II bonds

The bank received a total of 88 bids amounting to Rs 6,803 crore, according to a note by the bank

RBI predominantly net buyer of US Dollar over past decade in spot market

In the current financial year, the central bank has net bought $1.7 trillion as of October

Liquidity deficit widens to Rs 2 trn, on back of advance tax outflows

CD issuances in December highest in this financial year

13 states raise Rs 19,692 crore; Karnataka, Uttar Pradesh top list

The cut-off yield on the 10-year state bond was set in a range of 7.62-7.63%, against 7.71-7.74% in the previous week

Worst of liquidity crunch may be over, VRR, govt spending to lower deficit

VRR auctions, govt spending likely to help ease situation

Banks, Indian companies set to raise Rs 13,700 cr through bond market

HDFC Bank, Shriram Finance, Tata Projects to raise funds

India's foreign reserves jump to a five-month high of $607 billion

The total reserves rose due to the increase in foreign currency assets, which rose by $3 billion in the week

Rupee rises to near 3-month high of 83 against US dollar amid stocks rally

The Indian currency had settled at 83.33 a dollar on Thursday

RBI receives bids 2.7 times against notified amount at 7-day VRR auction

The central bank conducted a VRR auction after six months

Reserve Bank of India to conduct 7-day variable rate repo auction on Friday

"The response should be good from the banks and the auction should sail through easily as the liquidity is very tight right now," a dealer at a state-owned bank said