Page 90 - Finance News
RBI to conduct extra Rs 40K cr OMO purchase to infuse durable liquidity
The RBI has infused Rs 2.9 trillion via OMO auctions so far. It has also infused Rs 2 trillion via long-term variable rate repo (VRR) auctions
 "RBI to conduct extra Rs 40K cr OMO purchase to infuse durable liquidity")
Proposed RBI norms may hit gold-loan NBFCs in near term: Analysts
Some analysts noted that gold loan financiers may consider increasing interest rates on such loans
 "Proposed RBI norms may hit gold-loan NBFCs in near term: Analysts")
Rupee logs biggest single-day gain in over 2 years on falling crude prices
The rupee settled at 86.05 per dollar on Friday, against 86.70 per dollar on Thursday. Last week, it had settled at 85.23 per dollar
 "Rupee logs biggest single-day gain in over 2 years on falling crude prices")
RBI to mandate application submissions via Pravaah portal from May 1
In a statement, the Reserve Bank said it is committed to achieving end-to-end digitization of all internal workflows involved in regulatory approval processes to enhance efficiency
One-third of digital payments in 2024 are driven by credit use: Report
According to a report by digital payments fintech Phi Commerce, UPI has become a transformational product in digital payments responsible for 65 per cent of total transactions
 "One-third of digital payments in 2024 are driven by credit use: Report")
Commerce ministry alerts customs to monitor imports, exports vigilantly
The concerned line ministries and industry associations have also been asked to provide inputs on the surge in imports and its impact on the domestic industry
 "Commerce ministry alerts customs to monitor imports, exports vigilantly")
Indian Rupee logs best session since March 2023 as dollar weakness deepens
The domestic currency strengthened 64 paise to end at 86.24 against the greenback after closing at 86.69 on Wednesday
Rupee gains 45 paise; Opens at 86.24/$ as dollar, oil prices extend slide
The domestic currency weakened 45 paise to open at 86.24 against the greenback after closing at 86.69 on Wednesday
 "Rupee gains 45 paise; Opens at 86.24/$ as dollar, oil prices extend slide")
Home, auto loans turn cheaper after RBI cuts policy repo rate by 25 bps
Loans to mid and large corporates are linked to the marginal cost of funds based lending rate or MCLR which is yet to come down
 "Home, auto loans turn cheaper after RBI cuts policy repo rate by 25 bps")
The sector that didn't flinch: BFSI shines as markets face turbulence
Here are 10 stocks across different segments of the BFSI universe that have held up well in the past six months - and may have more room to run
 "The sector that didn't flinch: BFSI shines as markets face turbulence")
Average call, policy repo rate spread narrows as liquidity improves
The WACR moved in tandem with policy repo rate. Additionally, the overnight rates in collateralised segment - that is, triparty repo (TREPS) and market repo - broadly remained aligned with WACR
Microfinance defaults stay elevated in Q4FY25, says India Ratings
Improvement in delinquencies expected from the second half of FY26, says India Ratings report
 "Microfinance defaults stay elevated in Q4FY25, says India Ratings")
NaBFID inks MoU with New Development Bank to boost financing infra projects
This collaboration will help bridge the infrastructure financing gap and explore long-term collaboration opportunities, including the exchange of technical expertise, a joint statement said
 "NaBFID inks MoU with New Development Bank to boost financing infra projects")
RBI deputy governor urges NBFCs to bolster risk controls, board oversight
NBFCs should not lose sight of fairness to the customer even as they pursue scale, speed, and profits, Swaminathan added
 "RBI deputy governor urges NBFCs to bolster risk controls, board oversight")
Banks to remain closed today for Mahavir Jayanti; check holidays' list
The RBI announces bank holidays through its official channels, such as its website and bank notifications. The bank holidays are classified under three categories
 "Banks to remain closed today for Mahavir Jayanti; check holidays' list")
Monetary Policy: RBI cuts repo rate, charts out path for the future
RBI Governor Sanjay Malhotra's statement explains what an accommodative monetary policy stance means it is geared towards stimulating the economy through softer interest rates
 "Monetary Policy: RBI cuts repo rate, charts out path for the future")
RBI evaluating liquidity framework to determine overnight anchor rate
Aim to have surplus liquidity of around 1% of NDTL
Bond yields drop to 3-yr low following RBI's dovish monetary policy stance
The benchmark yield settled at 6.44 per cent, down from the previous close of 6.48 per cent. Bond yields and prices are inversely related
 "Bond yields drop to 3-yr low following RBI's dovish monetary policy stance")
Reserve Bank's draft circular seeks to standardise gold loan regulations
In the draft circular, the RBI stated that norms for lending against gold collateral must be incorporated into the credit/risk management policy of lenders
 "Reserve Bank's draft circular seeks to standardise gold loan regulations")
IndusInd Bank-like incidents not failures but episodes: Guv Malhotra
RBI is working to ensure frequency of such occurrence is less, he said