Page 303 - Finance News

No change: MPC presses 'pause' after hiking rate by 250 bps since May 2022

RBI governor makes it clear that if required, MPC could hike rates in future meetings

RBI to set up portal to search across multiple banks for unclaimed deposits

In order to improve and widen the access of depositors or beneficiaries, it has been decided to develop a web portal to enable search across multiple banks for possible unclaimed deposits

RBI monetary policy: MPC votes for pause, keeps repo rate unchanged at 6.5%

RBI repo rate: The MPC decision to hit the pause is for this policy cycle only, says RBI governor Shaktikanta Das

Violates principles of natural justice: SC slams practice of sealed report

The Supreme Court on Wednesday slammed the practice of filing sealed cover reports in courts and said it violates both principles of natural justice and open justice

RBI repo rate decision: When and where to watch speech of governor Das

RBI Monetary Policy decision: The speech can be watched on RBI's YouTube channel. It will be broadcast on PIB's YouTube channel as well

Rupee to cling to 82 against US Dollar ahead of RBI rate decision

Near-term momentum favours the rupee "on margin", a spot trader at a private sector bank said, but cautioned that important data points lined up through the week could fuel volatility on the rupee

RBI set to raise rates 25 bps on elevated inflation, keep hawkish stance

Retail inflation rose 6.44% year-on-year in February, easing from 6.52% in January but has remained above the RBI's mandated target range of 2%-6% for 10 out of the last 12 readings

Citi launches its branch in GIFT IFSC; to offer financing solutions

The branch will offer external commercial borrowings and trade loans, addressing foreign currency funding requirements of multinationals, large local corporates and financial institutions

How banks' lending rates have gone up faster than deposit rates

According to ICICI Securities, with the credit-deposit ratio at 75.3 per cent, this could put further pressure on deposit rates

Finance Ministry to meet chiefs of PSBs, key schemes' progress in focus

DFS secretary to review progress of financial inclusion and social security schemes

RBI should prioritise inflation over growth, say FinMin officials

The RBI has a mandate to keep retail inflation at 4 per cent within a band of 2 percentage points on either side

Cube Highways files document for privately placed Rs 5,226-crore InvIT

The InvIT, Cube Highways Trust, will raise Rs 3,803 cr in fresh capital and Rs 1,423 cr by way of secondary share sale by sponsor Cube

HDFC Bank garners record Rs 1.5 trillion deposits in a quarter

This is the highest in a three-month period since merger announcement with HDFC Ltd

Embattled Adani Group trumpets stable ties with international lenders

Several of the banks already have business relationships with the group, ties which the conglomerate has previously pointed to as a sign of its strength to counter Hindenburg's allegations

FY23 bank credit growth highest since FY12, up 15%, shows RBI data

Banks were engaged in intense competition by offering higher interest rates on term money to mop up funds

BoM logs 30% loan growth, total business crosses Rs 4 trn in Q4 FY23

Total deposits of the bank increased by 15.7 per cent to Rs 2.34 lakh crore as against Rs 2.02 lakh crore at the end of the fourth quarter of the previous financial year

Bandhan Bank's total deposits rise 12.2% at Rs 1.08 trn in Q4FY23

Bulk deposits were at Rs 31,125 crore compared with Rs 21,890 crore in the fourth quarter of 2021-22, registering a growth of 42.2 per cent

RBI monetary policy: Will the central bank hike repo rate again tomorrow?

RBI MPC: If the RBI announces another rate hike tomorrow, it will take the repo rate to the highest level since April 2016, when it was 6.75 per cent

Rupee appreciates by 24 paise to 82.08 against US dollar in early trade

The local unit was trading at 82.08 to a dollar at 9.35 AM. It had closed at 82.32 on Monday. Forex markets were closed on Tuesday for Mahavir Jayanti

Private banks slower than public sector banks in raising interest rates

The hike in lending rates of all scheduled commercial banks on outstanding loans since May 2022 has been only 95 bps