Page 116 - Reserve Bank Of India

RBI decides to withdraw incremental CRR by Oct 7 in phased manner

RBI had said the I-CRR decision will be reviewed on or before 8 September

RBI to discontinue incremental cash reserve ratio in a phased manner

The amounts impounded under the I-CRR will be released in stages so that system liquidity is not subjected to sudden shocks and money markets function in an orderly fashion

Bank stocks gain as RBI decides to discontinue I-CRR in a 'phased manner'

As per the schedule, the RBI will release 25 per cent of the amount received under I-CRR on September 9, next 25 per cent on September 23, and the remaining 50 per cent on October 7

Bond yields decline as RBI seeks views on settlement via Euroclear platform

The potential settlement of domestic currency bonds through an offshore platform such as Euroclear has been a long-standing topic of discussion

Surplus liquidity continues ahead of RBI's incremental CRR review

The RBI had said it would review the I-CRR decision on or before September 8

RBI open to consider securitisation in restricted classes: M. Rajeshwar Rao

For standard assets, the securitisation framework permits a diverse set of investors to subscribe to the securitisation notes of underlying loans

Frictionless credit helped cut operational cost to lenders: RBI's Choudhary

Speaking at the Global Fintech Fest 2023, Choudhary spoke of the importance of customer centricity and governance to ensure the sustainability of fintech entities

Sold Credila as merger required lengthy regulatory approval process: Parekh

On July 1, housing finance major HDFC completed the reverse merger with its subsidiary HDFC Bank

Top headlines: Delhi gears up for G20 Summit, Biden set to travel India

Business Standard brings you the top headlines at this hour

RBI committed to bring down inflation to 4%: Governor Shaktikanta Das

The central bank has been mandated by the government to keep inflation at 4 per cent with a margin of 2 per cent on either side

FSIB recommends Vinay Tonse for MD position in State Bank of India

The final decision about the appointment will be taken by the government of India

CBDC can fix cross-border payment problems: RBI Governor Shaktikanta Das

RBI governor flags issues of high cost, low speed, limited access

Bond market optimistic on inclusion in international bond indices

The yield on the benchmark 10-year bond remained flat in August and moved in a narrow range throughout the month

RBI allows scheduled commercial banks to issue credit lines through UPI

The regulator said banks may, as per their board-approved policy, stipulate terms and conditions of use of such credit lines

Banks seek higher supply of longer-tenure bonds in the second half

A trader at another PD said that the introduction of 20-year bonds seems unlikely

About 93% Rs 2,000 currency notes returned to banking system, says RBI

The Reserve Bank today said in absolute terms, the total value of Rs 2,000 banknotes received back from circulation is Rs 3.32 trillion up to August 31, 2023

93% of Rs 2,000 notes worth Rs 3.32 trillion returned since May: RBI

The RBI had said in May that it would withdraw these high-value notes, permitting their exchange or deposit until Sept. 30

Only 30 days left! Exchange Rs 2,000 banknotes by Sept 30; check details

The Reserve Bank of India (RBI) has set a maximum of Rs 20,000 on the amount that can be exchanged for a single Rs 2,000 note till September 20

Rupee appreciates 7 paise to 82.73 against US dollar in early trade

The rupee rose by 7 paise to 82.73 against the US dollar on Wednesday amid a positive sentiment in equity markets. Rising crude oil prices and strengthening dollar, however, weighed on the Indian currency, according to forex traders. At the interbank foreign exchange, the domestic unit opened stronger at 82.67 and hit the level of 82.74 against the greenback. Later, the rupee was trading at 82.73 against the dollar, registering a gain of 7 paise from its previous close. On Tuesday, the rupee closed at 82.80 against the US dollar. "Yesterday, in the latter part of the day, dollar fell sharply and that led to gains not only in major crosses but also in commodities," Gaurang Somaiya, Forex and Bullion Analyst at Motilal Oswal Financial Services, said. On the domestic front, GDP numbers will be important to watch and better-than-expected numbers could support the rupee, he said. GDP numbers are scheduled to be released on Thursday. Meanwhile, the dollar index, which gauges the green

India's FDI outflow rises 73% to $1.85 billion in July over June: RBI data

The debt commitment rose to $ 605 million in July 2023 from $ 255 million in June