Page 306 - Finance News
RBI expansion of NDF access to help manage rupee volatility: Analysts
They were earlier permitted to transact in rupee NDF forex derivatives contracts with non-residents and with other eligible banks
 "RBI expansion of NDF access to help manage rupee volatility: Analysts")
Credit Information firms to compensate for delayed updations: RBI
According to RBI Governor Shaktikanta Das, the above measures will further enhance consumer protection
 "Credit Information firms to compensate for delayed updations: RBI")
Current account deficit to remain moderate, eminently manageable: RBI Guv
Das said India's services exports continued to grow at a healthy pace in the first two months of 2023
 "Current account deficit to remain moderate, eminently manageable: RBI Guv")
As RBI keeps repo rate unchanged, here's a timeline of it since June 2000
The standing deposit facility rate and the marginal standing facility rate also remained unchanged
 "As RBI keeps repo rate unchanged, here's a timeline of it since June 2000")
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
 "No change: MPC presses 'pause' after hiking rate by 250 bps since May 2022")
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 to set up portal to search across multiple banks for 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
 "RBI monetary policy: MPC votes for pause, keeps repo rate unchanged at 6.5%")
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
 "Violates principles of natural justice: SC slams practice of sealed report")
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
 "Citi launches its branch in GIFT IFSC; to offer financing solutions")
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
 "How banks' lending rates have gone up faster than 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
 "Finance Ministry to meet chiefs of PSBs, key schemes' progress in focus")
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
 "RBI should prioritise inflation over growth, say FinMin officials")
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
 "Cube Highways files document for privately placed Rs 5,226-crore InvIT")
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
 "HDFC Bank garners record Rs 1.5 trillion deposits in a quarter")
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
 "Embattled Adani Group trumpets stable ties with international lenders")
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
 "BoM logs 30% loan growth, total business crosses Rs 4 trn in Q4 FY23")