Page 3 - Finance News Analysis
Finance ministry's May economic report may be FY23 Eco Survey update
It could be the first time that CEA would use MER to give a detailed analysis of last FY
 "Finance ministry's May economic report may be FY23 Eco Survey update")
In search of binding ties: Lack of SRO will continue to haunt shadow banks
Legacy shadow banks continue to do business without a self-regulatory body. This is far from ideal
 "In search of binding ties: Lack of SRO will continue to haunt shadow banks")
India's additional green financing need at 2.5% of GDP: RBI report
PSBs more vulnerable to shocks than private banks
 "India's additional green financing need at 2.5% of GDP: RBI report")
After a decade in wilderness, Indian banks healthy, but still not cautious
With everything going well, lenders should be turning cautious. But recent full-yr results show an opposite trend: Provisions for future loan losses are beginning to decline. This may not be prudent
 "After a decade in wilderness, Indian banks healthy, but still not cautious")
Succession planning at pvt banks is a major issue: RBI on board governance
At a first-of-its kind open house with bank boards next month, Mint Road can be expected to do some plain speaking on long-festering issues of management and ethics
 "Succession planning at pvt banks is a major issue: RBI on board governance")
Home loan borrowers turn to refinancing amid rise in interest rates
Lenders cut spread to attract new customers
 "Home loan borrowers turn to refinancing amid rise in interest rates")
RBI paper sees enough signs of firming up disinflationary trends
"This suggests that generalisation or broad-basing of inflationary pressures is on the ebb and increasingly localised price movements are influencing headline inflation..."
 "RBI paper sees enough signs of firming up disinflationary trends")
Rupee, bonds gain ahead of RBI's monetary policy review decision
The currency opened at 82.08 a dollar as against Monday's close of 82.33 due to weaker job data in the US and went on to touch 81.92 levels on corporate inflows
 "Rupee, bonds gain ahead of RBI's monetary policy review decision")
Banks tier II bond issuance surges 3.5 times in FY23, shows data
The issuance of tier II as well as Tier I bonds was marked by increase in the coupon on instruments reflecting hardening of interest rates and tight liquidity
 "Banks tier II bond issuance surges 3.5 times in FY23, shows data")
Banking on a systems upgrade: What more could we expect going ahead
The cautionary tale from the Block Inc debacle is that increasing digitisation of retail financial services in India has raised the threat levels of frauds
 "Banking on a systems upgrade: What more could we expect going ahead")
Now boarding: Is India on the cusp of a tectonic shift in retail credit?
First-time customers are emerging as a huge catchment area for retail finance, but dangers lurk in the nooks and crannies
 "Now boarding: Is India on the cusp of a tectonic shift in retail credit?")
G20 must prioritise climate finance
Funding is also needed for the International Monetary Fund, the Asian Development Bank, even the private sector, to preserve biodiversity
 "G20 must prioritise climate finance")
Foreign exchange reserves record highest weekly rise since Nov 2022
India had fifth largest forex reserves in the world as of Feb 2023, says RBI bulletin
 "Foreign exchange reserves record highest weekly rise since Nov 2022")
Rupee fell 4 paise to 82.24 against dollar amid losses in domestic equities
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent higher at 102.63
 "Rupee fell 4 paise to 82.24 against dollar amid losses in domestic equities")
Rupee gains sharply vs dollar as Federal Reserve softens view on rate hike
Late Wednesday, the US Federal Open Market Committee raised interest rates by 25 basis points
Rupee appreciates 11 paise to 82.48 against US dollar in early trade
The rupee continued its upward trend and rose 11 paise to 82.48 against the US dollar in early trade on Monday, tracking fall in crude oil prices and firm Asian currencies
 "Rupee appreciates 11 paise to 82.48 against US dollar in early trade")
Indian rupee, bond yields await Fed Reserve's policy move for cues
The move could bring early relief to the market when they open on Monday. The rupee non-deliverable forwards market signalled a slightly weaker rupee on open
India's foreign exchange reserves fall $2.4 billion to $560 billion
The domestic currency has experienced turbulence since February due to apprehensions of more rate hikes by the US Federal Reserve
 "India's foreign exchange reserves fall $2.4 billion to $560 billion")
Rupee appreciates 25 paise to 82.51 against US dollar in early trade
The rupee reversed its four-day losing streak and rose 25 paise to 82.51 against the US dollar in early trade on Friday amid positive trends in the domestic as well as global equity markets
Amid foreign fund outflow, rupee falls 12 paise to 82.77 against US dollar
The rupee fell for the fourth day in a row on Thursday and depreciated by 12 paise to 82.77 (provisional) against the US dollar amid mixed global equity market cues and foreign fund outflows
 "Amid foreign fund outflow, rupee falls 12 paise to 82.77 against US dollar")
