Page 250 - Finance News
India market levels show effective rate has risen; RBI meeting in focus
The Reserve Bank of India, in its policy meeting in August, mandated that banks maintain an incremental cash reserve ratio of 10 per cent on some deposits
 "India market levels show effective rate has risen; RBI meeting in focus")
Indian rupee to trade in tight range as RBI keeps intervening: Poll
Still, the rupee has been trading close to its record low of 83.29 to the dollar as traders bet against Asian currencies
 "Indian rupee to trade in tight range as RBI keeps intervening: Poll")
RBI's MPC likely to hold rates amid persisting inflation, say experts
All 38 economists in a Bloomberg survey expect the Reserve Bank of India's six-member monetary policy committee to keep the repurchase rate unchanged at 6.5 per cent for a fourth straight time
 "RBI's MPC likely to hold rates amid persisting inflation, say experts")
Muneesh Kapur appointed as RBI's executive director, takes charge Oct 3
He also worked as the Adviser to the Executive Director at the International Monetary Fund from 2012 to 2015
 "Muneesh Kapur appointed as RBI's executive director, takes charge Oct 3")
HDFC Bank disburses Rs 48k crore home loans in Q2, Casa ratio falls
The bank's retail loan book surged 85 per cent over the previous quarter and 111.5 per cent over the same period year ago
 "HDFC Bank disburses Rs 48k crore home loans in Q2, Casa ratio falls")
With dollar sales, RBI prevents rupee from hitting all time low: Report
Equity sell-off continues; domestic 10-yr g-sec yield flat
A 'Slice' of lifeline: Fintech firm to infuse capital in North East SFB
To merge Fintech for capital infusion in the bank, lower promoter stake
 "A 'Slice' of lifeline: Fintech firm to infuse capital in North East SFB")
RBI expected to hold rates steady on Friday but striking hawkish tone
Annual retail inflation in August was 6.83%, easing from 7.44% in July -- a 15-month high -- but remained well above the central bank's 2%-6% comfort band
 "RBI expected to hold rates steady on Friday but striking hawkish tone")
Rupee weakens 17 paisa against the US dollar, settles at Rs 83.21
The rupee settled at Rs 83.21 per US dollar on Monday, against Rs 83.04 a dollar on Wednesday
 "Rupee weakens 17 paisa against the US dollar, settles at Rs 83.21")
CD issuances in September surged to FY24 high amid tight liquidity
The deficit liquidity neared Rs 1.47 trillion on 19 September, the highest since 29 January 2020, when the banking system liquidity deficit went up to Rs 3 trillion
 "CD issuances in September surged to FY24 high amid tight liquidity")
ICICI Bank raises Rs 4,000 crore through bonds to fund business growth
The bonds carry a coupon of 7.57 per cent per annum payable annually and were issued at par, it said, adding, the bonds would be listed in the relevant segment of the NSE
 "ICICI Bank raises Rs 4,000 crore through bonds to fund business growth")
e-Kuber to be functional on March 31 for govt transactions, says RBI
Government transactions through integration with e-Kuber processed on March 31, 2024 would be accounted for in the financial year 2023-24 itself for arriving at the cash balance of the government
 "e-Kuber to be functional on March 31 for govt transactions, says RBI")
US Treasury 30-year bond yield rises 8 bps to hit highest level since 2007
Shorter-maturity Treasury yields had previously reached the highest levels since at least 2007, and extended their climb Tuesday
 "US Treasury 30-year bond yield rises 8 bps to hit highest level since 2007")
Top 5 food franchises under 2 lakhs in India, check the list below
Food franchises are the most sought after business ideas nowadays as people's taste has changed a lot in the last few years. Here are the 5 food franchises under 2 lakhs in India
 "Top 5 food franchises under 2 lakhs in India, check the list below")
Rs 4,500 crore disbursed in September at 11% YoY growth: Mahindra Finance
For the first half of FY2024, Rs 25,500 crore was disbursed, leading to a growth of 20 per cent YoY
 "Rs 4,500 crore disbursed in September at 11% YoY growth: Mahindra Finance")
A first in 10 yrs: Currency flow drops in H1 due to Rs 2k note withdrawal
The CIC on March 31, 2023, was Rs 33.78 trillion, which fell to Rs 33.01 trillion on September 22 -- a difference of about Rs 76,658 crore
 "A first in 10 yrs: Currency flow drops in H1 due to Rs 2k note withdrawal")
'Finmin decided to seek explanation on Acharya's wrath of markets speech'
Achrya later resigned six months ahead of his three-year tenure for 'personal reasons', said the book titled 'We Also Make Policy: An Insider's Account of How the Finance Ministry Functions'
 "'Finmin decided to seek explanation on Acharya's wrath of markets speech'")
More than 3 million audit report filed for assessment year 2023-24
Deadline for e-filing of income tax for companies was extended to November 30, while the deadline to file of audit reports by companies was extended to October 30
 "More than 3 million audit report filed for assessment year 2023-24")
Exporters seek govt intervention in providing affordable credit to MSMEs
It said some of the MSME sectors are affected due to a dip in exports on account of a global demand slowdown
Expect status quo on rate and no change in stance
As the festival season approaches, followed by elections, state and national, there will be pressure on liquidity since cash with the public will rise
 "Expect status quo on rate and no change in stance")