Page 195 - Finance News
Rupee to rely on RBI's help amid foreign outflows post PM Modi's narrow win
Non-deliverable forwards indicate the rupee will open largely unchanged from 83.53 in the previous session
 "Rupee to rely on RBI's help amid foreign outflows post PM Modi's narrow win")
Rupee, bond slump as ruling BJP fails to secure majority on its own
Market expected strong opening by the ruling alliance, say one bond dealer
 "Rupee, bond slump as ruling BJP fails to secure majority on its own")
Benchmark bond yield sees biggest daily rise in 8 months on poll results
India's benchmark 10-year yield ended at 7.0382%, following its previous close at 6.9438%. The yield also witnessed its biggest single-session climb since Oct. 6
 "Benchmark bond yield sees biggest daily rise in 8 months on poll results")
Rupee depreciates 26 paise to 83.40 against US dollar in early trade
A weak trend in domestic equity markets also dented sentiments in early deals, forex traders said
 "Rupee depreciates 26 paise to 83.40 against US dollar in early trade")
Rupee to open slightly higher as traders eye Lok Sabha election verdict
Non-deliverable forwards (NDF) indicate the rupee will open at 83.08-83.10 to the US dollar compared with 83.1425 in the previous session
 "Rupee to open slightly higher as traders eye Lok Sabha election verdict")
RBI plans to buy back Rs 30,000 crore worth of bonds on Thursday
The previous two auctions conducted by the RBI saw low participation
 "RBI plans to buy back Rs 30,000 crore worth of bonds on Thursday")
PNB partners with IIFCL to provide financing for infrastructure projects
A signing ceremony for the Memorandum of Understanding (MoU) took place in the presence of Atul Kumar Goel, MD & CEO of PNB, and Padmanabhan Raja Jaishankar, MD of IIFCL, it said
 "PNB partners with IIFCL to provide financing for infrastructure projects")
Rs 2,000 banknotes worth Rs 7,755 cr left with public; 97.82% returned
"Thus, 97.82 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, has since been returned," the central bank said in a statement
 "Rs 2,000 banknotes worth Rs 7,755 cr left with public; 97.82% returned")
Rupee appreciates 38 paise to 83.04 against US dollar in early trade
A weak American currency and inflow of foreign capital into domestic equities also supported the local unit, forex traders said
Banking channel for financial inclusion feels left out as scrutiny rises
Business correspondent firms' revenues are under stress as banks get tough with them to meet targets
 "Banking channel for financial inclusion feels left out as scrutiny rises")
Small credit business finds new ways as unsecured loan growth ebbs
Firms that create differentiated risk assessments and invest in quality solutions will win, say industry executives
 "Small credit business finds new ways as unsecured loan growth ebbs")
Monetary policy: RBI unlikely to cut interest rate on June 7, say experts
The meeting of the Reserve Bank Governor Shaktikanta Das headed MPC is scheduled for June 5 to 7. The decision will be announced on June 7
 "Monetary policy: RBI unlikely to cut interest rate on June 7, say experts")
UPI transactions clock new record in May at Rs 20.45 trillion, shows data
Data shared by the National Payments Corporation of India (NPCI) on Saturday said that the May figures were 49 per cent up in volume and 39 per cent up in value compared to the same month in 2023
 "UPI transactions clock new record in May at Rs 20.45 trillion, shows data")
Canara Bank board okays fund raising of Rs 8,500 cr through bonds in FY25
Board of bank has approved raising Capital through Basel III Compliant Additional Tier I Bonds to the extent of Rs 4,000 crore subject to market conditions and necessary approvals, said Canara Bank
 "Canara Bank board okays fund raising of Rs 8,500 cr through bonds in FY25")
ARCs misused by 'tainted' promoters: RBI Deputy Governor M Rajeshwar Rao
Promoters in an Indian market are large shareholders who can influence company policy and, according to regulatory definitions, are prospective owners or directors of the company
 "ARCs misused by 'tainted' promoters: RBI Deputy Governor M Rajeshwar Rao")
Modi govt revived banking sector, Rs 10 lakh cr bad loans recovered: FM
She said there has been no leniency in recovering bad loans, especially from large defaulters, under the Modi government and the process is ongoing
 "Modi govt revived banking sector, Rs 10 lakh cr bad loans recovered: FM")
Rupee appreciates 5 paise to 83.24 against US dollar in early trade
Strong American currency and unabated outflow of foreign capital weighed on the local unit, forex traders said
Govt bond yields largely unchanged as traders await fresh debt supply
New Delhi will raise Rs 29,000 crore ($3.48 billion) through the sale of bonds later in the day and the auction includes a new five-year paper worth Rs 12,000 crore
 "Govt bond yields largely unchanged as traders await fresh debt supply")
Reserve Bank of India to delay interest rate cut to late this year: Poll
With near-8 per cent growth, the fastest among major world economies, and above-trend inflation there is also little urgency for the RBI to begin cutting rates unless concerns emerge about a slowdown
RBI liquidity operations to match monetary policy stance: Annual report
Central bank says it uses 'judicious mix' of instruments to regulate liquidity
 "RBI liquidity operations to match monetary policy stance: Annual report")