While liquidity tightness was not acute in April and overnight rates had not hit the MSF ceiling, the RBI probably anticipated election-related constraints on govt spending could tighten liquidity
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Third CEO in five years; current CEO Davis to be relieved early
SPDs will open nostro account, a bank account with a foreign bank in the currency of the foreign country
While they offer higher returns than bank FDs, they are not protected by deposit insurance
Bajaj Finance stock price update: This was Bajaj Finance stock's biggest single-day rally in three years
Atanu Chakraborty is not related to any other directors or key managerial personnel of the bank.
The limit of 30 per cent for risk is based on the assumption of 20 per cent downward price movement of the equities on T+1
Global central banks have been on a gold buying spree for quite sometime now. The Reserve Bank of India for instance, has accumulated 19 tonnes of gold in just 3 months in 2024.
The central bank, effective Friday, expanded the range of products banks can offer to eligible corporates, which included swaptions, or an option to enter into an interest rate swap
The RBI has kept the rupee in a narrow range against the dollar and is only down about 0.3% this year unlike most of its Asian peers which have weakened a lot more
The Reserve Bank of India (RBI) has lifted restrictions on Bajaj Finance on sanctioning and disbursal of loans through eCOM and Insta EMI Card, the company said in a regulatory on Thursday. In November last year, the central bank had directed Bajaj Finance to stop sanction and disbursal of loans under its two lending products -- eCOM and Insta EMI Card -- due to non-adherence of the company to the extant provisions of digital lending guidelines. "Now, we wish to inform that the RBI, vide its letter dated 2 May 2024, based on the remedial actions taken by the company, has conveyed its decision of lifting the said restrictions on eCOM and online digital 'Insta EMI Card', with immediate effect," the company said in a filing to the stock exchanges. The company further said it would now resume sanction and disbursal of loans in the two business segments including issuance of EMI cards. "The company remains committed to ensure adherence and compliance of regulatory guidelines," it ...
The central bank deferred exposure rules implementation until May 3 amid investor concerns
Says clarity and specificity are needed to ensure effective implementation and compliance with disclosure requirements
Barclays' Kotecha eyes $20-$25 billion, with upside risks as an attractive carry, stable currency, and a positive macro backdrop and fiscal picture make Indian bonds attractive
The drop came after joint managing director (Joint MD) KVS Manian stepped down from his role at the bank and its board after 29 years of service
The RBI may start cutting its benchmark repurchase rate, currently at 6.5 per cent, by a total of 50 basis points in the October-December period before pausing for a few months
SBI-led lenders are pursuing RBI clearance to shift real estate firm's Rs 18,000 crore debt to NARCL in a Rs 10,000 crore deal
The 10-year yield was around the crucial 4.60% mark, while the two-year yield, a closer indicator of interest rate expectations was around 4.95%
Fasting, IMPS and Apes transactions decline too in the month