Page 115 - Reserve Bank Of India

Ten years since taper tantrum

If the exogenous pressures were the same across 2013 and 2022, why were outcomes so different across the two episodes?

Sovereign Gold Bond: 5 reasons to buy SGB as subscription date ends today

Sovereign Gold Bonds (SGBs) are one of the best investment options for those investing in gold. Here are the five reasons to buy SGB series-II. The last date for an SGB subscription is September 15

India's outward FDI down 33.3% in August on grim global prospects

After declining for two months, outward FDI had increased sequentially to $1.8 billion in July 2023 compared to $1.07 billion in June, marking a rise of 73 per cent

RBI releases list of 15 NBFCs in upper layer under scale based regulations

All deposit-taking NBFCs and non-deposit-taking NBFCs with an asset size over Rs 1,000 crore are in the middle layer

RBI says 15 large NBFCs to comply with enhanced regulatory requirements

Reserve Bank of India on Thursday said 15 large NBFCs, including LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, will be subject to enhanced regulatory requirements. The central bank has categorised NBFCs into Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL). A list of 15 large Non Banking Finance Companies (NBFCs) falling in the Upper Layer category has been released. Besides LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, others in the list include L&T Finance, Piramal Capital & Housing Finance, Cholamandalam Investment and Finance Company. Indiabulls Housing Finance, Mahindra & Mahindra Financial Services, Tata Capital Financial Services, PNB Housing Finance, HDB Financial Services, Aditya Birla Finance, Muthoot Finance and Bajaj Housing Finance are also part of the list. According to RBI, despite qualifying for identification as NBFC-UL as per scoring methodology, TMF Business Services Ltd

Want to UPI now and pay later? Here's how to do UPI with less balance

The RBI has recently enabled transfers from pre-sanctioned credit lines at banks through the UPI network

RBI releases list of NBFCs in upper layer under scale-based regulations

In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years

RBI decides to include corporate bond under Held to Maturity category

Move to deepen corp bond market

Lenders should release property docs within 30 days of loan repayments: RBI

For delays, attributable to the REs, beyond 30 days, they will compensate borrowers at a rate of 5,000 per day for each day of delay

Banks may increase HTM holdings to reduce treasury book volatility

Although sales from the HTM category are still permitted, internal reclassifications can now only occur under exceptional circumstances

Bank of India raises Rs 2,000 cr via tier II bonds at coupon rate of 7.88%

State-owned Bank of India on Wednesday said it has raised Rs 2,000 crore through tier II bonds at a coupon rate of 7.88 per cent. The amount was mopped up on the electronic bidding platform of the NSE, the bank said in a statement. The bank said it received 83 bids worth Rs 3,770 crore against the Rs 2,000 crore offer. The money will be used to augment the overall capital of the lender and enhance the long-term resources in accordance with the Reserve Bank of India guidelines, it said. The amount will not be used to finance any particular project, the lender added.

Non-SLR bond inclusion in HTM expected to deepen corporate bond market

Bank treasury heads believe that the inclusion of non-SLR securities in HTM portfolios may spur activity in the corporate bond market

Rupee bond curve steepens as RBI changes rules for bank investing

The revised rules require the Reserve Bank of India's approval for any change in classification of bond holdings out of the held-to-maturity book

Reserve Bank of India makes banks' investment norms more stringent

Over 5% sale from held-to-maturity category will need prior approval

Lenders likely to hike deposit rates up to 25 bps this festival season

Only those with asset-liability management mismatch would consider upward rate revisions

Overnight index swap rates at 10-month high; government bond yields rise

One-year swap rate has jumped 13 bps so far in September, whereas the five-year swap rate has jumped 19 bps

NBFC-MFI disbursements increase 45.8% to Rs 30,398 crore in Q1FY24

Assets Under Management (AUM) grew to Rs 1,26,053 crore in June 2023 from Rs 89,005 crore a year ago and Rs 1,21,326 crore as of end-March 2023

RBI approves re-appointment of Sandeep Bakhshi as ICICI Bank MD & CEO

ICICI Bank, in an exchange filing, said that RBI approved the re-appointment of Sandeep Bakhshi as the MD and CEO of the bank

RBI, banks plan new feature to popularise digital currency transactions

Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI's one million-a-day target by 2023 end

RBI approves Gupta's appointment as interim Kotak Mahindra Bank MD & CEO

On 2 September, the lender said Gupta has been appointed as interim managing director and chief executive officer after Uday Kotak stepped down, four months before his current term