Page 183 - Reserve Bank Of India

India's external debt rose to $620.7 bn in FY22, up 8% YoY: RBI data

India's external debt increased by USD 47.1 billion to USD 620.7 billion in the financial year ended March 2022, the Reserve Bank said on Thursday. However, the external debt to GDP ratio declined to 19.9 per cent at the end of March from 21.2 per cent at the end of March 2021. Valuation gains due to the appreciation of the US dollar as against Indian rupee and major currencies such as yen, euro and SDR were placed at USD 11.7 billion. "Excluding the valuation effect, external debt would have increased by USD 58.8 billion instead of USD 47.1 billion at end-March 2022 over end-March 2021," Reserve Bank of India (RBI) said in a statement. At the end of March, long-term debt (with original maturity of above one year) was placed at USD 499.1 billion, recording an increase of USD 26.5 billion over its level at the end of March 2021. During the same period, the share of short-term debt in total external debt increased to 19.6 per cent from 17.6 per cent. Similarly, the ratio of short-t

CRISIL upgrades IOB's Basel III compliant tier II bonds from 'A+' to 'AA-'

CRISIL, in a statement, said the capital position has been supported by regular fund infusion and expectation of strong support from the majority stakeholder, the government

RBI fighting on several fronts to slow rupee's decline to fresh records

The rupee closed down 0.3% to 78.97 a dollar on Wednesday, extending this year's losses to 5.9%. RBI's stated stance is that it intervenes to curb currency volatility

Confident of delivering value on bid for Citi India deal: Axis Bank's Moghe

India's third-largest private lending is purchasing the retail business in a transaction worth Rs 12,235 crore

Central banks need stronger communication in turbulent times: RBI governor

Even short-term forecasting has become a challenge due to pandemic, says Shaktikanta Das

Rupee ends at new low on relentless FII sell-off, slower RBI intervention

Indian currency closes at 78.97 to the greenback after hitting all-tine low of 78.98 intraday

RBI may need to tweak forex strategy, let rupee weaken, say analysts

To control the tumble, the Reserve Bank of India (RBI) has sold dollars in the spot market and simultaneously bought and sold in the forwards market.

Public sector banks request RBI on bond portfolios as yields harden

At its policy review in April, the RBI had increased the limit on HTM portfolios to 23 per cent of net demand and time liabilities till March 31, 2023

Hitch a ride on a fixed-rate car loan and shield yourself from another hike

But lenders can impose restrictive conditions on prepayment and foreclosure

Visa creates 100 mn card-on-file tokens following RBI norms last week

The landmark has been achieved in line with RBI's guidelines focusing on security and enhanced checkout experience, said Visa

Govt looking for complete exit with the help of PSB Privatisation Bill

The government is mulling an amendment that will allow the Centre a total exit from banks, fully privatising PSBs, a report said

The RBI is no fan of 'buy now, pay later' and it's wholly understandable

Last week, the Reserve Bank of India brought out its regulatory axe and hacked away at a popular path to small-ticket fintech loans

Credit card spend hits new high in May; bounce rates by value at 3-year low

Bounce rates by value at three-year low

Top headlines: Zomato to acquire Blinkit, PPI ban to hit BNPL users & more

The move could also result in a systemic risk from a lending standpoint because if suddenly the products are stopped, it may not be possible for customers to repay their loans

The RBI MPC serves no purpose other than cosmetic and should be dismantled

There are two insurmountable hurdles in the path of RBI's independence on monetary policy. These hurdles make committees redundant

RBI examining PPI credit, BNPL models; in talks with fintechs on concerns

The central bank is looking at a framework that can exist without hampering pace of innovation, even as it addresses consumer protection and cyber security concerns

RBI acts in forwards market to protect forex reserves, pulls down premiums

This move by the central bank results in premiums crashing

India's forex reserves drop $5.9 bn in a week as RBI sells dollars

In two weeks, the country's foreign exchange reserves have dropped over $10 billion as the central bank stepped up intervention in the foreign exchange market

Signs that inflation is peaking amid global monetary policy action: Patra

The RBI Dy Governor says war in Europe threatens to 'snuff out' global economic recovery post the Covid-19 pandemic

Net profits of manufacturing companies surged by 50.2% in FY'22: RBI

Net profit also increased for the information technology (IT) companies, whereas the non-IT services sector continued to record losses at the aggregate level