Page 246 - Finance News

Reserve Bank of India may conduct OMO auction in first week of Nov

According to market participants, the Reserve Bank of India (RBI) will issue a notification on OMO sales by October 31

Save the date: It's time for India's biggest BFSI Summit of the year

RBI Governor Shaktikanta Das could speak about the central bank's constant vigil on inflation and the way forward

Axis Bank capitalised with self-sustaining structure to fund growth: MD

He said the bank expects to grow higher than the industry average on the credit side. It would be 400-600 basis points higher than the industry in the MSME segment this fiscal.

SBI ropes in MS Dhoni as ambassador, to be part of marketing campaigns

This association symbolises the bank's commitment to forging deeper connections with its customers, reflecting the values of reliability and leadership, it said

CRA to replace pension funds as FIP in account aggregator ecosystem

As per RBI, an Account Aggregator means a non-banking financial company (NBFC) that undertakes the business of an account aggregator, for a fee, among other services

Lenders and CIC to pay Rs 100 per day for record update delay: RBI

The compensation provided to the complainant will be apportioned among the concerned lender and CIC proportionately

Mobikwik's Zaakpay gets in-principle nod to operate as payment aggregator

The Reserve Bank of India has allowed the payment gateway to onboard new merchants to its platform

RBI directs private banks to have at least two wholetime directors

Banks that don't meet requirement get 4 months

Rupee depreciates 6 paise to 83.23 against US dollar in early trade

At the interbank foreign exchange market, the local unit opened weak at 83.19 and then touched the lowest level of 83.23 against the greenback, registering a loss of 6 paise from its previous close

Option traders see RBI's grip on Rupee lasting for the rest of 2023

The rupee has weakened about 0.5 per cent this year, the least among Asia's emerging markets, thanks to inflows of nearly $18 billion and RBI intervention

CBDC can play important role in cross-border payment, says RBI Guv

He emphasised that while paper currency will continue, the CBDC is going to be the future currency of the world

India govt bond yields edge lower as crude oil prices, US peers drop

The 10-year benchmark bond yield closed at 7.3408% after ending at 7.3769% in the previous session

Tomatoes, onions and potatoes: Why veggie inflation is shooting up again

Climate shocks apart, demand-supply mismatches cause price spikes in veggies led by tomato, onion and potato

Floating-rate savings bonds on RBI online portal may not be instant hit

These bonds usually perform well in a rising rate environment, say mkt players

Rupee stable, forward premia dip on RBI's likely $5 billion forex rollover

The rupee settled at Rs 83.19 per dollar on Monday as against Rs 83.12 on Friday

Indian govt benchmark bond yields ends higher, tracking their US peers

The 10-year benchmark bond yield closed at 7.3769%, after ending at 7.3626% in the previous session

Govt cautious of unexpected spike in sovereign bond yields: Official

"If (government bond) yields go beyond tolerance level, we will take appropriate remedial actions," the official said, without giving details

RBI's $5 billion swap maturity causes flutter, but no major turbulence

One of the ways a bank can do that is by accessing the overnight swap market to borrow dollars vis-a-vis the rupee. A fall in the swap rate means there is a high demand for dollars

Rupee depreciates 3 paise to 83.15 against US dollar in early trade

A correction in crude oil prices and firm domestic stock markets in opening trade capped the losses of the rupee, according to forex dealers

Centre aiming to review list of public banks up for privatisation: Report

A panel may also decide the quantum of shareholding that the government would dilute in banks while deciding the weightage to be given to banks