Page 131 - Reserve Bank Of India

Reserve Bank begins evaluating five potential bidders for IDBI Bank

Kotak Mahindra Bank, Prem Watsa-backed CSB Bank and Emirates NBD are among those that have submitted expressions of interest, two of the people said, speaking on condition of anonymity

RBI to extend rate pause through year-end, likely done hiking: Poll

The Reserve Bank of India will likely keep interest rates unchanged at least until the end of this fiscal year, a Reuters poll of economists showed

India cenbank puts in place framework for acceptance of green deposits

RBIndia is putting in place a framework for the acceptance of green deposits to foster and develop an environment-friendly finance ecosystem in the country, which will come into effect from June 1

Loan securitisation up by a healthy 41% to Rs 1.8 trn in FY23: Icra

NBFCs, HFCs drive loan sell-downs to raise funds for rising credit demand; HDFC-HDFC Bank merger may dampen volume in FY24

Reserve Bank likely to help states to analyse, frame their capex numbers

As of now, the states are handicapped because there is no format they can borrow from the centre to guide them on tracking their capex except the financial support

DLF, Godrej Prop: Realty stks still have room to build gains, say analysts

The pause, even if temporary, in the interest rate cycle is a positive development for the real estate sector and should see an increase in home-buying

IT service outsource norms to kick in from October this year, says RBI

"The agreements that come into force on or after October 1 shall comply with the provisions of these directions from the date of agreement itself," RBI said

End may be in sight for global interest rate-hike cycle as Fed nears peak

The short-lived peak for global rates, according to a gauge calculated by Bloomberg Economics, will be 6% in the third quarter. By the end of next year, that measure is seen dropping to 4.9%

RBI simplifies CIC application form, prunes list of documents required

But it reserves the right to call for any further documentation beyond the mandated 18

India's overnight swap market pricing in rate cuts before 2023 end: Experts

OIS rates, often seen as the clearest indication of future policy rate actions, are interest rate derivative products that move as per the expectations of rate trajectory

Indian Overseas Bank raises FD rates; senior citizens to get 7.75% interest

This announcement is in line with the Reserve Bank of India's decision to keep the repo unchanged at 6.5%

Home loan rates over Rs 75 lakh to get dearer as risk weight rises again

Risk weight back to pre-pandemic level of 50%

Weekend Bites: Pause not pivot, GDP, Doge, and litti-chokha for thought

In which we munch over the week's platter of news and views

RBI estimate too optimistic, will pivot to rate cuts in October: Nomura

Japanese brokerage Nomura on Friday said Reserve Bank's 6.5 per cent real GDP growth estimate for FY24 is too optimistic, and the central bank will pivot to rate cuts from October. The brokerage said it agrees with the Reserve Bank's projections on price rise, and said that the worst of headline inflation is behind us. "However, the revised GDP growth forecast of 6.5 per cent in FY24 appears too optimistic, the brokerage said, adding that it estimates growth to slow down to 5.3 per cent. A slew of agencies and analysts has cut the FY24 growth forecasts in the recent past, with many of them pegging it under 6 per cent as well. Nomura said it expects a downside of over 1 percentage point to the RBI's growth estimate on weaker global growth, high uncertainty and the lagged effects of domestic policy tightening. The RBI had attributed the upward revision in growth to a dip in crude oil prices to USD 85 per barrel as against USD 90 per barrel. After announcing the policy, Governor ...

Foreign exchange reserves at $578.45 bn, snaps 2-week rise, shows RBI data

A comfortable level of foreign exchange reserves will further bolster macroeconomic stability, RBI Governor Shaktikanta Das said while announcing the bank's monetary policy decision on Thursday.

It's just a pause, not a pivot, says Shaktikanta Das on RBI's status quo

Lowers inflation forecast, ups growth projection; bond prices, Rate sensitive stocks rally

Realty, auto firms expect demand to remain intact after RBI holds rate

Central bank outlook reflects 'sense of optimism' about business and demand growth, says one CEO

Portal for unclaimed deposits across banks to be ready in 3-4 months: RBI

Reserve Bank of India on Thursday said a centralised portal would be ready in three to four months wherein depositors and beneficiaries can access details of unclaimed deposits across various banks. As of February this year, about Rs 35,000 crore of unclaimed deposits were transferred to RBI by public sector banks in respect of deposits which were not operated for 10 years or more. "In order to improve and widen the access of depositors/beneficiaries to such data, RBI has decided to develop a web portal to enable search across multiple banks for possible unclaimed deposits based on user inputs," RBI Governor Shaktikanta Das said while announcing the first bi-monthly monetary policy for the current financial year. The search results will be enhanced by use of certain AI tools, he said. RBI Deputy Governor M Rajeshwar Rao said, "we expect the portal to be ready in 3-4 months". State Bank of India (SBI) tops the chart of unclaimed deposits worth Rs 8,086 crore followed by Punjab Nati

Reserve Bank of India goes for a hawkish pause

The RBI has paused because it wants to evaluate the cumulative impact of the past rate hikes

A prudent comma, not a myopic full stop!

The RBI has not used the word stickiness in its policy statement while characterising core inflation, but instead used "unyielding core inflation"