Page 235 - Reserve Bank Of India

India Inc's foreign investment jumps over two-folds to $2.51 bn in Apr'21

India Inc's foreign investment in the first month of this current fiscal jumped by more than two-times year-on-year to USD 2.51 billion, data from the Reserve Bank showed on Monday. Indian investors had committed USD 1.21 billion worth of outward foreign direct investment (OFDI) in April 2020. Of the total commitment of USD 2.51 billion in April this year by the Indian company owners, USD 1.75 billion was in the form of loan, USD 421.42 million as equity capital and USD 333.11 million was chipped in through issuance of guarantee, showed the RBI data on OFDI for the month of April 2021. In March 2021, Indian firms made investment of over 1.99 billion in their overseas ventures. Among the major investors, Tata Steel invested USD 1 billion in its wholly owned subsidiary in Singapore, Interglobe Enterprises Pvt Ltd invested USD 145.61 million in a joint venture based in the UK and Reliance Industrial Investments & Holdings Ltd committed USD 78.52 million in a fully owned unit in the ..

Crypto exchanges draw attention of regulators over brand promotions

According to regulatory sources, the brand promotion could mislead retail investors as the legality of cryptocurrency itself is under the scrutiny of the central government

How to reconstruct asset reconstruction companies

Banks feel happy shifting their toxic assets from loan books to investment books, while the ARCs are enjoying the management fees with a smile. Let's break the cosy relationship

Forex reserves rise by $1.444 billion to $589.465 billion: RBI data

The country's foreign exchange reserves increased by $1.444 billion to $589.465 billion in the week ended May 7, 2021, shows RBI data

Reserve Bank of India leaves 10-year bond unsold in auction, rejects bids

The rejection of the bids brought down yields by 2 basis points and the 10-year bond closed at below 6 per cent again, at 5.99 per cent

RBI tells lenders to reconsider ties with crypto exchanges, traders

The guidance comes as India is crafting a law to ban cryptocurrencies and penalise anyone dealing in them, which would be among the most sweeping crackdowns on the new investing fad in the world

States go slow on projects, halve borrowing even as Covid wreaks havoc

The reason could lie in RBI's accommodation to them and the fact that states themselves could be burdened with interest cost

Sponsor investments in IFSC AIFs to come under the automatic route

RBI relaxation to allay round tripping concerns associated with sponsor commitment and shorten fund set-up time in IFSC

Commodity conundrum

Higher international prices will increase policy risks

Microfinance institutions want additional relief measures from RBI

In a letter to RBI Governor Shaktikanta Das, MFI association SaDhan has sought a special liquidity facility of at least Rs 15,000 crore to be provided by all-India financial institutions

India's reserves adequacy improved to 18.6 months in December 2020

As at end-March 2021, RBI held 695.31 tonnes of gold--403.01 tonnes overseas with the Bank of England and Bank of International Settlements, and 292.30 tonnes domestically

MFIs request RBI for emergency credit line as collections take a hit

Seek up to 25% of their outstanding with lending banks, which would help them mobilise Rs 15,000 cr

Reserve Bank announces Rs 35,000 crore G-sec Acquisition Programme

RBI announced the second tranche of Open Market Purchase of Government of India Securities under G-sec Acquisition Programme (G-SAP 1.0)

RBI modifies norms for undertaking govt business by private banks

The Reserve Bank on Monday came out with modified guidelines that allow sound private sector banks to undertake government business, whether at the Centre or in states. According to the modified norms, scheduled private sector banks, which are not under the Prompt Corrective Action (PCA) framework of the RBI, can undertake government business after executing an agreement with the central bank. "Scheduled private sector banks, not having agency banking agreement with RBI, but intend to handle government agency business, may be appointed as agents of RBI upon execution of an agreement with RBI. "This will be subject to the condition that the concerned bank is not under PCA framework or moratorium at the time of making the application or signing of the agreement with RBI," the central bank said in a notification. It may be mentioned that the Finance Ministry in February 2021 had lifted the embargo imposed in September 2012 on further allocation of government business to private sector

Jose Kattoor named RBI Executive Director with effect from May 4

In charge of Human Resource Mgt Dept, Corporate Strategy and Budget Dept and Rajbhasha

RBI recent measures to boost healthcare infrastructure, says ICRA

Availability of funds due to recent measures announced by the Reserve Bank of India (RBI) can result in increased capacities: ICRA

Forex reserves surge by $3.91 billion to $588.02 billion: RBI data

The country's foreign exchange reserves swelled by $3.913 billion to reach $588.02 billion in the week ended April 30, 2021, RBI data showed on Friday

RBI sets up an advisory group to assist regulatory review authority

Regulatory Review Authority (RRA 2.0) was constituted by the central bank earlier this month to streamline regulations and reduce the compliance burden of regulated entities

Best of BS Opinion: RBI's rescue act, steady start for 5G, and more

Here are the best of Business Standard's opinion pieces for Thursday

Proactive or watchful? Here's how D-St interpreted RBI Governor's address

RBI Governor Shaktikanta Das on Wednesday revealed the central bank's blueprint to mitigate the impact of the second Covid wave that's wreaking havoc in the country.