Page 57 - Finance News Analysis

RBI push pays off as offshore currency trading starts trickling in onshore

Target is to bring 25% of offshore volume to IFSC by December

India's foreign exchange reserves cross $500 bn for the first time

Currency dealers say there were dollar inflows on account of Reliance Jio and Airtel deals, which the central bank absorbed

AT1 bonds are risky but back on investor radar after YES Bank episode

AT1 bonds are hybrid instruments and pay a slightly higher rate of interest compared to similar non-perpetual bonds.

Rupee can depreciate another 4% despite RBI's liquidity support measures

The rupee did not react much to the measures announced since this was more towards a short-term liquidity measure which the markets had expected from the RBI.

Rupee to hover around 75/dollar; crude basket at $35/barrel in FY21: RBI

The developments comes as rupee recovered from record low levels to settle 6 paise higher at 76.28 against the US dollar

RBI may soon allow repurchase ops in corporate bonds over Covid-19 outbreak

The RBI has pledged its readiness to take necessary action to ensure financial system stability, but for now it has refrained from cutting interest rates

YES Bank okays board reconstitution; Prashant Kumar to be new MD & CEO

The other board members will be Sunil Mehta, former non-executive chairman of Punjab National Bank, as the non executive chairman of YES Bank

Expanding COVID-19 pandemic may take rupee to 75 vs the dollar

The only respite to the market sentiment is stimulus measures that nations are implementing to counter the economic impact from the coronavirus.

Rupee hits record low of 74.5 against US dollar amid coronavirus scare

Traders expect the central bank to step in to prevent further sharp falls in the currency but don't see it protecting the rupee at any particular level

Rupee can slip 3% more; rate cut, regulatory intervention needed

In the past few sessions, the move in the Rupee has been largely offshore driven, taking precariously close to a new all-time low of 74.48 against the US Dollar

Rupee continues to slide, plummets 54 paise to 73.87 against US dollar

Volatility continued to grip the markets amid investor concerns over the global coronavirus outbreak

Life insurers to sell health policies? Standalone cos to lose, say experts

Non-life insurance companies will face a stiff competition from life insurers

BS Insurance Round Table: Sandbox opens up avenues for bundling services

A power-packed panel said that AI is the game changer in the non-life insurance business and underlined the need to generate underwriting profits and rely less on investment gains

BS Insurance Round Table 2020: No major impact of tax change, say experts

Six top life insurance executives brainstorm on the impact of tax exemption removal and the upcoming IPO of Life Insurance Corporation. Edited Excerpts:

Corporate India seeks to barricade brass from frauds, bankruptcy concerns

Demand for D&O policies on the rise as India Inc looks to protect its brass

Forex reserves touch lifetime high on rise in foreign currency assets

In the previous week, the foreign exchange reserves had increased by $ 1.701 billion to $ 473 billion

Rupee holds steady against US dollar amid a meltdown in global currencies

Currency dealers say the central bank is intervening so that the currency doesn't strengthen more

India's forex reserves rise $4.6 bn to $471.3 bn, gold up at $29 bn

In the sixth bi-monthly monetary policy of 2019-20 announced on Thursday, RBI had said foreign exchange reserves touched a lifetime high of USD 471.4 billion on February 4, 2020.

It's not the right stage to put differential premium on banks: Finance Secy

Finance minister had announced hiking the deposit insurance limit to Rs 5 lakh for each bank depositor

Rupee slides 22 paise to 3-week low of 71.49 against dollar on equity rout

Crude prices have seen some moderation in the past few sessions over demand slump amid rising coronavirus cases in China