Page 19 - Finance News

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

RBI steps in again to support rupee as oil prices, Fed rate hike bets rise

The rupee recovered after briefly falling to 95.60 as RBI intervention offset pressure from higher oil prices and growing expectations of a US interest-rate hike

Rupee falls 13 paise to 95.56 against US dollar on oil price rise, Fed bets

The rupee weakened 13 paise to 95.56 per US dollar as rising crude prices, geopolitical tensions and higher bets on a September Fed rate hike weighed on sentiment

FPIs turn buyers for second month, invest ₹30,919 crore in August

The inflow follows ₹20,200 crore invested in July, marking a sharp turnaround after four consecutive months of heavy selling

Bank deposits shrink as lenders cut high-cost bulk funds amid FCNR inflows

Aggregate deposits decline by ₹6,534 crore and bank credit by ₹70,639 crore in the fortnight ended August 15; credit-deposit ratio moderates to 81.72 per cent

Govt to buy back ₹30,000 cr securities on Sep 3 amid surplus liquidity

The Reserve Bank of India (RBI) on Friday announced the buyback of government securities worth Rs 30,000 crore on September 3.

Govt achieves 78% of FY27 divestment, asset monetisation target in Apr-Aug

More than half of the disinvestment proceeds came from the 6.5 per cent stake sale in Life Insurance Corp (LIC) which garnered ₹31,515 crore

Rupee declines 10 paise to 95.55 against US dollar during early trade

At the interbank foreign exchange, the rupee opened at 95.54 against the greenback before slipping further to 95.55, down 10 paise from its previous close

FMs to discuss trade, digital currency in runup to Brics meet on Sept 12-13

Sitharaman will chair the September 1-2 meeting ahead of the Brics Summit, with members set to explore mechanisms to cut transaction costs and boost intra-bloc trade

RBI relaxes weekly access rule for FCNR(B) swaps above $100 million

Banks can now access the concessional dollar-rupee swap facility for transactions above $100 million without waiting for their designated weekly window

Datanomics: Corporation earnings may have depressed GDP growth

Even at seven per cent, the GDP growth rate in the first quarter would be a four-quarter low, though higher than 6.8 per cent in the year-ago period.

RBI receives ₹1.42 trillion bids against ₹2 trillion in overnight VRRR

Central bank will conduct a three-day VRRR auction on Friday to absorb ₹3 trillion from the banking system; surplus liquidity stood at ₹3.75 trillion on Wednesday

Rupee rises 4 paise to 95.40 against US dollar during early trade

Brent prices fell below the $90 mark for the first time in several sessions amid continuing discussions between Iran and Oman regarding a temporary shipping corridor through the Strait

RBI steps up intervention to support rupee amid higher oil prices

In one instance, the RBI spent $7 billion in just a day intervening in onshore and offshore markets as the rupee approached a record low