Page 157 - Finance News
RBI MPC: Short-term inflation risk remains in focus, says Shaktikanta Das
In a press statement after the RBI's Monetary Policy announcement, RBI Governor Shaktikanta Das said the inflation worries have eased but there is a need for greater vigilance
 "RBI MPC: Short-term inflation risk remains in focus, says Shaktikanta Das")
As RBI takes a 'neutral' stance, what do its monetary policy stances mean?
The Reserve Bank of India, in its 51st Monetary Policy meeting, announced a shift of stance from withdrawal of accommodation to 'neutral', signalling an upcoming interest rate change
 "As RBI takes a 'neutral' stance, what do its monetary policy stances mean?")
RBI policy: MPC keeps repo rate unchanged at 6.5%, shifts stance to neutral
Governor Shaktikanta Das said that India's real GDP grew by 6.7 per cent in Q1. For FY25, the RBI kept its GDP projection unchanged at 7.2 per cent
 "RBI policy: MPC keeps repo rate unchanged at 6.5%, shifts stance to neutral")
Rupee rises 5 paise to 83.92 against US dollar during early trade
Forex traders said the spotlight is firmly on the RBI as it prepares to announce its monetary policy
 "Rupee rises 5 paise to 83.92 against US dollar during early trade")
Adani Green's 4 subsidiaries plan to raise up to $1 bn in dollar bonds
"The companies may tap the market before the end of this month, once it judges the pulse of investors in upcoming roadshows," one of the bankers said
 "Adani Green's 4 subsidiaries plan to raise up to $1 bn in dollar bonds")
Indian regulators have done world-class job, increased transparency: FM
Underlining that she is not against questioning or critiquing regulators, Sitharaman said there is a need to be "extremely conscious" about contributions made by them as well
 "Indian regulators have done world-class job, increased transparency: FM")
RBI likely to lay ground for interest rate cut on easing of major economies
Governor Shaktikanta Das has so far dismissed calls for rate cuts, concerned that high food prices will prevent inflation from staying at the 4 per cent target level on a sustainable basis
 "RBI likely to lay ground for interest rate cut on easing of major economies")
MFIN to review compliance of its members with norms on indebtedness
Stock-taking in November to include cap on number of lenders per borrower
 "MFIN to review compliance of its members with norms on indebtedness")
Microfinance body MFIN tightens underwriting guidelines for members
Microlenders are carrying out varying practices at present, and hence, MFIN has issued the guidelines to ensure "uniformity in the treatment", and help lenders to have a robust underwriting policy
 "Microfinance body MFIN tightens underwriting guidelines for members")
Rupee rises 6 paise to 83.94 against US dollar during early trade
However, volatility in the domestic equity markets and FII outflows capped sharp gains in the local unit
 "Rupee rises 6 paise to 83.94 against US dollar during early trade")
RBI moves closer to interest rate cut after global easing kicks off
Since last rate decision, official data showed economic growth moderated to 6.7 per cent in the April-June quarter, below the RBI's projection of 7.1 per cent, while signs show soft urban consumption
CBDT forms an internal committee for full review of Income-Tax Act
Public feedback invited to help make the Act concise and easy to understand
 "CBDT forms an internal committee for full review of Income-Tax Act")
IFC extends $500 mn loan to Axis Bank to fund green projects in India
This is IFC's first blue investment in India and the first blue transaction by a financial institution in the country, a statement said
 "IFC extends $500 mn loan to Axis Bank to fund green projects in India")
RBI instructs banks to stop making aggressive bets against rupee: Report
The central bank steps in occasionally to support the rupee via moral suasion and had last done something similar in early August
Tax dept invites public inputs for I-T Act review to simplify provisions
The Finance Minister in the 2024-25 Budget presented in July had proposed that the I-T law review will be completed in six months
 "Tax dept invites public inputs for I-T Act review to simplify provisions")
RBI to be less hawkish at October policy, says DBS Bank economist
Meanwhile, the recent escalation in tensions in the Middle East is being watched, Rao said, but they are unlikely to impact foreign investments into Indian government bonds
RBI's Monetary Policy Committee meet: Date, time, members, and agenda
RBI began its fourth Monetary Policy Committee meeting for the ongoing financial year on Monday. Key announcement from the meet will be announced on Oct 9
 "RBI's Monetary Policy Committee meet: Date, time, members, and agenda")
Rupee remains unchanged as RBI's firm grip on currency limit losses
The rupee closed at 83.9775 against the US dollar, little changed from its previous close of 83.9725
 "Rupee remains unchanged as RBI's firm grip on currency limit losses")
RuPay launch in Maldives, new runaway at airport to ease transaction
India has always been the first responder in the Maldives during times of crisis
 "RuPay launch in Maldives, new runaway at airport to ease transaction")
HDFC Bank raises MCLR by 5 bps for select tenures, effective October 7
MCLR is the minimum interest rate a financial institution needs to charge for a specific loan. It dictates the lower limit of the interest rate for a loan
 "HDFC Bank raises MCLR by 5 bps for select tenures, effective October 7")