Finance News

Datanomics: Dollar inflows through swap windows far exceed 2013 levels

The move, announced on August 14, aims to cap dollar inflows that have already outpaced the $26 billion raised in 2013, when then RBI Governor Raghuram Rajan launched a similar swap scheme

RBI's dollar sales, robust swap inflows lift rupee to 10-week high

Liquidity surplus at record high of ₹9.7 trn; call rate drops below 5%

FSAT idea returns as debate grows over RBI penalties, regulatory overlap

RBI Governor Sanjay Malhotra has reopened the debate over an appellate mechanism for central bank penalties, even as experts remain divided over whether another layer of oversight is needed

Revolving credit ban will impact a larger section, NBFCs tell RBI

Industry seeks clarity on products allowing limited redraw and supply-chain finance, as well as whether recovery calls can be made through the mandated 1600-number series

RBI's Murmu urges NBFCs, HFCs to diversify funding, strengthen liquidity

Deputy Governor Shirish Chandra Murmu says diversified funding, securitisation, stronger governance and sound underwriting are key to sustainable growth in the sector

RBI's forex swap window draws $136.37 billion, FCNR (B) leads inflows

FCNR(B) deposits accounted for $127.22 billion of the total inflows, while overseas foreign currency borrowings added $5.26 billion and ECBs $3.89 billion

Temasek Trust's philanthropy group expands India network, backs 2 ventures

Temasek Trust's Philanthropy Asia Alliance is expanding in India with support for education and rural women ventures, while exploring climate, health and AI-led solutions

FCNR(B) inflows cross $100 billion, beat RBI's $80-billion estimate: Report

The FCNR(B) window closed on Monday, but banks can use the RBI's swap facility for deposits already contracted until September 11

Rupee falls 2 paise to 94.97 against US dollar during early trade

Forex traders said the RBI is keeping a tab on the rupee's fall as Brent crude prices have risen and dollar index is hovering around 99.70 on a bout of risk aversion on renewed US-Iran tensions

ICICI Bank mobilises $17.9 bn under RBI foreign currency deposit scheme

The lender has also issued $3.63 billion in ‌guarantees to other banks for loans backed by the deposits In June, the Reserve Bank of India introduced a set of foreign exchange measures

UPI sets new record at 24.51 bn transactions in Aug, value at ₹29.82 trn

Transaction volumes rose 3.6 per cent month-on-month and 22 per cent year-on-year, while average daily UPI transactions increased to 791 million

Net GST revenue receipt up 8.3% in August at ₹1.68 trillion, shows data

Import-related GST revenue surged 29 per cent year-on-year, outpacing domestic growth, while net collections rose 8.3 per cent to ₹1.68 trillion

From crises to inflation: What RBI Governors' speeches tell us about policy

From Subbarao and Rajan's crisis-era outreach to Patel's reticence and Das' Governor's Statements, the RBI's communication has evolved alongside India's economic challenges

Short-term rates to stay firm as credit demand, funding needs rise: Ind-Ra

Ind-Ra sees rising corporate funding needs supporting bank lending and money-market activity, while lower-rated NBFCs could face wider credit spreads

RBI appoints Suman Ray as executive director with effect from September 1

Ray, who was serving as regional director for Maharashtra before his elevation, will look after the DICGC and Premises Department as executive director

Rupee rises 26 paise to 94.96 against US dollar during early trade

The rupee strengthened as robust domestic growth and portfolio inflows supported the currency, while traders said the USD/INR pair has found a near-term base

₹10 trillion VRRR draws tepid response amid ₹5 trillion liquidity flush

Banks parked Rs 3.84 trillion against the Rs 10 trillion notified in Monday's VRRR auctions, while the benchmark 10-year government bond yield rose to 6.95 per cent

PNB may list Haryana Gramin Bank in Q4 or early FY28, says MD & CEO

PNB is also in advanced talks with Punjab & Sind Bank for co-branded credit cards, has mobilised nearly $2.5 billion in FCNR(B) deposits and plans AI-run call centres

RBI FX forward book hits record $136.7 billion on surging overseas deposits

Through July 31, FCNR(B) deposits had accounted for $36.7 billion of the total $40.8 billion in foreign exchange inflows mobilised under the measures.

ICICI Bank's mcap gap with HDFC Bank narrows to over 11-year low of ₹49K cr

ICICI Bank's market capitalisation has risen fourfold over six years, while HDFC Bank's has doubled, narrowing the valuation gap between the two lenders