Page 117 - Reserve Bank Of India

OIS rates at near term peak; uncertainty around rate view continues

While the one-year overnight indexed swap rate has been technically reflecting a 25-basis-point hike by the Monetary Policy Committee, market participants believe that it may fade soon

As India pushes to make rupee international, UCO Bank is in a sweet spot

State-owned lender aims to use its experience in facilitating trade with Iran

Banks to set up portal with real-time information to handle digital frauds

The portal will help lenders connect, and stop and trace funds being transferred from one account to multiple accounts

Banks to remain closed for 16 days in September; check full list here

Bank holiday September 2023: With 12 official holidays in various states and four weekends, the banks will remain closed for sixteen days. Here's the complete list

FSDC-SC resolves to remain vigilant against external vulnerabilities

RBI Governor Shaktikanta Das-headed Sub-Committee of the Financial Stability and Development Council (FSDC-SC) on Monday resolved to remain vigilant against any build-up in vulnerabilities in the financial system as well as in the broader economy amid uncertain global environment. With a view to strengthening and institutionalising the mechanism for maintaining financial stability, enhancing inter-regulatory coordination and promoting financial sector development, the FSDC was set up by the government as the apex level forum in December 2010. The FSDC Sub-Committee has been set up under the chairmanship of governor, RBI. It meets more often than the full Council. The Sub-Committee reviewed major global and domestic macroeconomic and financial developments, issues of inter-regulatory coordination relating to the Indian financial sector activities of various technical groups under its purview, the Reserve Bank said in a statement on 30th Meeting of the FSDC Sub-Committee. It also ...

RBI's liquidity withdrawal pushes bank CD issuances to 3-month high

Banks raised over 350 billion rupees ($4.24 billion) via CDs in the fortnight ended Aug. 25, data from CCIL's F-Trac platform showed

ESG is sensible; it means doing business the right way: Sankar Chakraborti

'The ESG concept is relatively new compared to conventional risk-management frameworks'

Another weak week: Indices end in losses over 5 trading sessions again

Sensex, Nifty down for fifth consecutive week

Weekly G-Sec auction: Cut off yield on 5 year bond higher than 10 year

The benchmark 10-year government bond yield settled at 7.20 per cent, while the new 10-year bond yield settled at 7.18 per cent

RBI guv Shaktikanta Das asks NBFCs to reduce reliance on bank borrowing

Cautions on risk with unsecured lending; Remain alert against complacency

RBI raises small value payment transaction limit in offline mode to Rs 500

The total limit for offline transactions on a payment instrument, however, remains Rs 2,000

Top headlines: Chandrayaan-3 on moon, vegetable prices to ease, and more

Business Standard brings you the top headlines at this hour

Liquidity continues to be in deficit, banks expect RBI repo auction

Liquidity in system went into deficit mode on Tuesday for the first time in this Financial Year

Rupee appreciates by 25p to settle at three week high of Rs 82.69

The local currency had hit the all-time low closing level of 83.15 per US dollar on Thursday on the back of rise in US Treasury yields

Vegetable prices might ease from September led by tomato: RBI Governor Das

"Will guard against second round effect of price rise"

Outward remittances under RBI's LRS rise 50% to $9.1 billion in Q1

According to the latest RBI data, the amount remitted under LRS stood at $9.1 billion in Q1FY24, compared with $6.05 billion in the same quarter last year

GDP growth to be higher than RBI's estimate of 8% for June qtr: Economists

The country's real GDP growth in the first quarter will be better than the Reserve Bank's estimate of 8 per cent, economists said on Tuesday. Economists at the country's largest lender SBI pegged the growth at 8.3 per cent while domestic rating agency Icra estimated it to come even higher at 8.5 per cent. The Reserve Bank of India (RBI), which expects the GDP to grow at 6.5 per cent in FY24, has estimated a growth of 8 per cent in the April-June period. Official data on growth will be released later this month. In the preceding March quarter, the real GDP had grown at 6.1 per cent as compared to the year-ago period. Both SBI and Icra credited capital expenditure by the Centre and states for their expectations of faster economic growth. The rating agency also said that the lower base -- the GDP had contracted by nearly a fourth in the first quarter of FY21 -- as a helping factor. A note by Soumya Kanti Ghosh, the group chief economic adviser at SBI, said the largest lender has tra

Analysts see bond yields hitting 7.5% in near-term; how should you invest?

Over the past one month, the yields on 10-year government bonds have risen 14.7 basis points to 7.218 per cent in India, while they have touched a 17-year high of 4.35 per cent in the US

BS Policy & Politics: Food-driven retail inflation may cool only in Sept

Cereals, pulses and milk were other food items to push up the rate of price rise in July, prompting the government to take more measures to tame prices

Economy likely to expand by around RBI's projection of 8% in Q1, FY24

Various analysts that Business Standard spoke to put GDP growth in the range of 7 to 8.5 per cent for Q1 of FY24