Page 119 - Reserve Bank Of India

Flows into NRI deposits grow multi-fold to $2.14 billion in first quarter

Outstanding deposits rise in June 23 over Dec 22

Investment cycle gaining momentum, envisaged capex to jump over 80%: RBI

Investment activity is gaining momentum and the envisaged capital expenditure is set to jump by over 80 per cent to Rs 1.71 lakh crore in the current fiscal, according to an article by Reserve Bank of India (RBI) staffers. The article by Shreya Bhan, Rajendra N Chavhan and Rajesh B Kavediya, which was published on Thursday, said improvement in capacity utilisation of the manufacturing sector, pick-up in credit demand and improving consumer sentiments are helping the capex cycle. Cleaning up of balance sheets by both corporates and banks makes room for upping lending activities, the article, which draws from the RBI's data from banks, The paper does not represent the official position of the central bank. "The phasing profile of the envisaged capex, based on the pipeline projects finance... suggests that the envisaged capex increased significantly to Rs 1,71,568 crore in 2023-24 as against Rs 94,876 crore in 2022-23," the article said. In 2022-23 (FY23), infrastructure -- including

Participation of non-bank entities in govt debt mkt rose during pandemic

The report also found that non-bank investors are more sensitive to changes in government securities yields compared to their banking counterparts

RBI launches 'UDGAM', centralised web portal for unclaimed deposits

The web portal will help users identify and approach their banks for either claiming unclaimed deposits or making their deposit accounts operative at their banks, the RBI said

India's OIS factors in one more rate hike, bond yields near top: Traders

Banks have been asked to maintain an incremental cash reserve ratio of 10% on increase in deposits between May 19 and July 28, and this would withdraw over one trillion rupees ($12.03 billion)

RBI likely sold dollars via PSBs to keep rupee from record lows: Traders

The RBI likely sold dollars to pull the rupee back near the 83 level

Emerging Asian bond investors turn cautious as rate cut wagers disappears

Market sentiment is starting to shift as rising commodity prices keep the policymakers from letting their guard down on inflation

Fitch warns rapid growth in unsecured retail credit needs management

Operating environment for Indian banks improved as economic risk recede

Padmaja Reddy's Keertana Finserv pegs AUM at Rs 3,000 cr by March 2025

Approaching RBI for NBFC-MFI license

RBI to commence public tech platform pilot for credit on August 17

The Platform is being developed by Reserve Bank Innovation Hub (RBIH), a wholly owned subsidiary of RBI

Indian rupee falls, caught between dollar rally and likely RBI intervention

The rupee was at 82.9250 to the dollar by 11:02 a.m. IST, down from 82.8450 on Friday

Directors' special: Why independent directors matter for bank boards

The hunt for independent directors may become more difficult as Mint Road turns the knob on bank boards, reports Raghu Mohan

India's foreign exchange reserves fall for the third consecutive week

The fall in the reserves for the third straight week was mainly on account of a drop in the foreign currency assets, which declined $1.9 billion to $533 billion in the previous week

Status quo policy with hawkish undertone

Any chance of a rate cut has moved further away - to the second half of FY25, for now

RBI not 'unduly concerned' about Russian investments in G-secs, says Das

Governor Shaktikanta Das on Thursday said the Reserve Bank is not "unduly concerned" about the Russian investments in Indian government bonds. Without sharing the details of the trade surplus invested by Russian entities in government securities (G-secs), Das underlined that trade relations between the two countries are for the long term and there is no reason to fear a pullout of the money. In May this year, the Indian Banks Association had said that Russia is investing the surplus it earns out of oil sales to India in G-secs, but the market's estimates on the quantum vary from USD 10-22 billion. "Its not something about which we are really unduly concerned. We are not concerned unduly because market has its estimates. So far as we are concerned, it is not going to cause any (impact)," Das told reporters at the post-policy press meet here. He added that India is "far better placed" with forex reserves of over USD 600 billion to deal with any situation. Deputy Governor T Rabi Sank

Sensex ends 308 pts lower post RBI policy, Nifty near 19,550; Zee zooms 20%

CLOSING BELL ON AUGUST 10, 2023: Private bank and select auto stocks ended with notable losses after the RBI on Thursday asked banks to maintain Incremental Cash Reserve Ratio (ICRR) at 10 per cent.

10% incremental CRR temporary, will drain out Rs 1 trn from system: RBI

Short-term rates on money market instruments like call money rates, treasury bills and commercial paper are likely to increase by 15-20 bps in the near term: ICRA

Incremental CRR to suck out liquidity of over Rs 1 trn: RBI governor Das

During the RBI MPC announcement, Shaktikanta Das had said that I-CRR is intended to absorb the surplus liquidity generated by various factors, including the return of Rs 2,000 notes to the banks

RBI press conference LIVE: Currency circulation will pick up soon, says Guv

RBI MPC Meeting Live Updates: Governor Shaktikanta Das begins policy statement, catch all the latest updates here

You may soon be able to make UPI payments by talking or just tapping phone

RBI governor Shaktikanta Das in the MPC decision announcement on Thursday, proposed to enable 'conversational' payments on UPI using AI