Page 226 - Finance News
Foreign banks lap up government bonds ahead of India's index inclusion
Foreign investors pumped in Rs 14,281 crore in domestic debt market in January
 "Foreign banks lap up government bonds ahead of India's index inclusion")
Total corpus under pension funds crosses Rs 11 trillion: PFRDA chairman
The AUM has increased from Rs 10 lakh crore to Rs 11 lakh crore in 4 months 18 days (August 24, 2023 to January 10, 2024), he said, adding the private sector AUM crossed Rs 2 lakh crore
 "Total corpus under pension funds crosses Rs 11 trillion: PFRDA chairman")
RBI announces changes to market timing for January 22. Details here
The Reserve Bank of India (RBI)'s announcement came a day after the Centre announced that all central government offices will be closed for half a day
 "RBI announces changes to market timing for January 22. Details here")
Rupee depreciates 1 paisa to 83.14 against US dollar in early trade
The rupee fell 1 paisa to 83.14 against the US dollar in early trade on Friday amid heavy selling of equities by Foreign Institutional Investors (FIIs)
 "Rupee depreciates 1 paisa to 83.14 against US dollar in early trade")
Interest rates likely to fall but last mile very tricky: IMF Chief
IMF Chief Kristalina Georgieva on Thursday said interest rates should keep falling in 2024 but cautioned that there is no room for any policy error as the last mile is "very, very tricky"
 "Interest rates likely to fall but last mile very tricky: IMF Chief")
Citigroup partners with LuminArx to launch private lending vehicle
Last year, Wells Fargo also launched a fund in partnership with a private equity firm
 "Citigroup partners with LuminArx to launch private lending vehicle")
Reserve Bank of India net sells $1.9 billion in November, shows data
The rupee depreciated by 0.17 per cent in November. The RBI's net outstanding forward sales by the end of November stood at $11.9 billion, against $14.6 billion in October
 "Reserve Bank of India net sells $1.9 billion in November, shows data")
State Bank of India raises Rs 5,000 crore in capital via AT1 bonds
Fixes coupon at 8.34%, 24 bps higher than previous offering
 "State Bank of India raises Rs 5,000 crore in capital via AT1 bonds")
Indian banks seek looser liquidity conditions going ahead: Traders
Banks made these suggestions to industry body Fixed Income Money Market and Derivatives Association of India (FIMMDA) on Wednesday
 "Indian banks seek looser liquidity conditions going ahead: Traders")
Rupee ends flat, wedged between Asia FX bump, foreign banks' dollar buys
The rupee closed at 83.1225 against the U.S. dollar, barely changed from its close at 83.1375 in the previous session
 "Rupee ends flat, wedged between Asia FX bump, foreign banks' dollar buys")
State Bank of India raises Rs 5,000 crore funding through AT1 bonds
The bank, in a statement on Thursday, said the perpetual bond with a call option after 10 years and every anniversary thereafter, is priced at a coupon of 8.34 per cent
 "State Bank of India raises Rs 5,000 crore funding through AT1 bonds")
Employees' payment for canteen services will not attract GST: AAR
GST and input tax credit applicable for company's payment to canteen service provider not recovered from employees
 "Employees' payment for canteen services will not attract GST: AAR")
Rupee depriciates 1 paisa to 83.15 against US dollar in early trade
The rupee slipped 1 paisa to 83.15 against the US dollar in early trade on Thursday amid rising crude oil prices and withdrawal of foreign funds
HDFC seeks Singapore bank licence to open its 1st branch in the country
The bank has applied to the Monetary Authority of Singapore for a banking licence and is awaiting approval, according to sources familiar with the matter.
 "HDFC seeks Singapore bank licence to open its 1st branch in the country")
Monetary policy has to remain actively disinflationary: Shaktikanta Das
Das said he expects January inflation to moderate and the trend has been moderating but unless inflation reaches 4 per cent on a durable basis
 "Monetary policy has to remain actively disinflationary: Shaktikanta Das")
NESFB offloads stressed micro-loans over Rs 500 cr to clean up books
To raise fresh capital upto Rs 200 crore
 "NESFB offloads stressed micro-loans over Rs 500 cr to clean up books")
Commercial banks rushing to ramp up presence in temple town of Ayodhya
The town has been buzzing with business activities since the temple construction started following the Supreme Court's permission in November 2019. The opening is scheduled for January 22
 "Commercial banks rushing to ramp up presence in temple town of Ayodhya")
Rupee depreciates 3 paise to 83.15 against US dollar in early trade
However, inflow of foreign funds in domestic equity markets and softening crude oil prices in the international markets resisted a steep fall in the domestic currency, forex traders said
 "Rupee depreciates 3 paise to 83.15 against US dollar in early trade")
Rates to stay higher, battle against inflation not yet over: IMF's Gopinath
Speaking at a session during the World Economic Forum Annual Meeting 2024 here, Gopinath dismissed the market bets for a cut in interest rates as premature
 "Rates to stay higher, battle against inflation not yet over: IMF's Gopinath")
State govts may fix 'guarantees' at 5% of revenue, says RBI group
The RBI working group also recommended that besides charging a guarantee fee, states may levy an additional risk premium based on the risk category and the tenor of the underlying loan
 "State govts may fix 'guarantees' at 5% of revenue, says RBI group")