Page 119 - Rbi

Govt will buy back sovereign bonds worth Rs 40,000 crore, says RBI

The securities offered for buyback are four government bonds with maturity dates in the second half of 2024, the Reserve Bank of India (RBI) said in a statement

RBI imposes penalty on ICICI Bank and YES Bank for rule violations

RBI said these actions are based on deficiencies in regulatory compliance and are not intended to pronounce upon validity of any transactions or agreements entered into by the bank with its customers

Record RBI dividend at 0.6% of GDP may not be sustained, says Fitch

Fitch said an important driver of higher RBI profits appears to be higher interest revenue on foreign assets, though the central bank has not yet provided a detailed breakdown

Facing bank issues? Here's how to file a complaint with the RBI Ombudsman

When a bank does not respond to the consumers regarding their issues, then they can get help from this RBI Ombudsman

Govt must be pro-competition rather than pro-business

Subrahmanyam's call for lower import duties is significant because it is contrary to the present government's policy of giving more and more protection to domestic producers

India's forex kitty reaches new high of $648.7 bn after $4.55 bn jump

India's forex reserves jumped USD 4.549 billion to a new all-time high of USD 648.7 billion for the week ended May 17, the Reserve Bank said on Friday. This is the third consecutive week of increase in the overall kitty, which had increased by USD 2.561 billion to USD 644.151 billion in the previous reporting week ended May 17. For the week ended April 5, the reserves had hit an all time high of USD 648.562 billion following multiple weeks of increases. In the week ended May 10, foreign currency assets -- a major component of the reserves -- increased USD 3.361 billion to USD 569.009 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves. Gold reserves increased USD 1.244 billion to USD 57.195 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up USD 113 million to USD 18.168

RBI dividend usage to signal new govt's fiscal priorities: Ratings agencies

Global rating agencies on Friday said windfall of Rs 2.1 lakh crore dividend from the RBI is positive for the country's fiscal metrics and its usage will provide a signal around the new government's fiscal priorities. The board of India's central bank earlier this week decided to pay Rs 2.1 lakh crore dividend to the government from the profits earned in 2023-24. This is more than double of Rs 1.02 lakh crore that was budgeted by the government. Fitch Ratings Asia-Pacific Sovereigns Director Jeremy Zook said sustained deficit reduction, particularly if underpinned by durable revenue-raising reforms, would be positive for India's rating fundamentals over the medium-term. "The use of the dividend -- whether it is saved or used for additional spending -- could provide a signal around the government's fiscal priorities," Zook told PTI in an email response. Fitch has a 'BBB-' rating on India with a stable outlook. In January, the rating agency had affirmed India's rating on robust growt

RBI shifts to NDFs as preferred forex reserves intervention option

The Reserve Bank of India (RBI) has traditionally been more active in the local over-the-counter (OTC) spot market to keep the rupee stable

PE funds partly behind the 62% drop in India's net FDI? Samir Arora's view

The ace fund manager was reacting on 'X' to a Business Standard story that quotes a Reserve Bank of India (RBI) data on gross FDI flows into the country in FY24

US Treasuries behind RBI's Rs 2.1 trillion bumper surplus to Centre

Dollar sale also helped; Such high surplus likely to be one-off

Best of BS Opinion: Family and factory economics, Fiscal bonanza & more

Here is the best of Business Standard's opinion pieces for today

Indian firms' external commercial borrowing registration up 84% in FY24

Value doubles to $49.2 bn as firms raise capital for modernisation projects and infrastructure development

RBI's surplus transfer sparks hope for reduced govt borrowing by Rs 1 trn

Bond market participants are now focusing on the upcoming monetary policy meeting in June to assess the central bank's liquidity stance

Sensex, Nifty hit new highs; RBI bonanza, election optimism boost sentiment

The Sensex ended the session at 75,418, with a gain of 1,197 points or 1.61 per cent, its biggest gains since March 1

Fiscal bonanza

RBI transfer should be used for fiscal consolidation

Urban co-operative banks not interested to become SFB: RBI's Satish Marathe

UCBs will also have to comply with the latest guidelines for on-tap licensing of SFBs in the private sector

India to get rating support if it uses RBI dividend to reduce deficit: S&P

The interim budget presented in Parliament earlier in the year targets a fiscal deficit of 5.1 per cent of the GDP

Bumper RBI dividend of Rs 2.11 trillion to give govt more fiscal room

Economists said that the government may not need much borrowing because of the highest-ever transfer of surplus to the government

RBI approves record dividend of Rs 2.11 lakh cr to Govt What does it mean?

RBI has approved Rs 2.11 trillion as dividend to the government, a move that would potentially help the Indian government attain its fiscal deficit target. But how? Watch the video to find out.

Windfall for govt as RBI transfers record Rs 2.1 trillion for FY24

Higher income both from domestic and foreign assets; Increases contingency buffer to 6.5%