Rupee slips for 5th straight session, down 15 paise at 74.73 against USD
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The rupee fell for the fifth straight session and settled 15 paise down at 74.73 (provisional) against the US dollar as rising Covid-19 cases, weak domestic equities weighed on investors' sentiment
Second Covid-19 wave heightens risks for Indian banks, says Fitch
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Agency already sees moderately deteriorating environment for sector in 2021. Headwinds will intensify if rising infections and follow-up measures to contain the virus further affect business
Banks will need to refund Rs 4,500 cr compound interest to borrowers
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This follows Reserve Bank of India's directive to banks to refund compound interest levied during six-months moratorium, according to Kotak Institutional Equities
Dhanlaxmi Bank gross advances up over 4% by March; deposits rise over 7%
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Private sector lender Dhanlaxmi Bank witnessed over 7 per cent year-on-year growth in its total deposits during the financial year ended March 2021, while advances rose over 4 per cent.
Payments banks can now hold max balance of Rs 2 lakh per customer
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The RBI has doubled the limit of maximum balance that an individual customer can hold with payments banks to Rs 2 lakh from Rs 1 lakh earlier with immediate effect
First purchase of G-secs worth Rs 25,000 cr under G-SAP 1.0 on Apr 15: RBI
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RBI said the first purchase of government securities worth Rs 25,000 crore under the G-sec Acquisition Programme will be done on April 15 with a view to enabling a stable evolution of the yield curve
Rupee dips for 4th straight day, down 11 paise at 74.58 against US dollar
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The rupee fell for the fourth straight session and settled 11 paise down at 74.58 (provisional) against the US dollar amid fears that a rapid resurgence of Covid in the country can disrupt recovery
Analysts see rupee at 76.5; Four factors that may guide the trajectory
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Rupee vs Dollar: Over the short-term, currency watchers expect the rupee to fall on the back of the RBI's plan to buy government bonds worth Rs 1 trillion from the secondary market
We have given G-SAP 1.0 a distinct character, say RBI's Das & Patra
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We are giving up this discretion to give an explicit assurance to the markets that we will assist them in the conduct of the borrowing programme, said Patra
IDFC First Bank raises Rs 3,000 crore equity capital through QIP
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IDFC First Bank raised Rs 3,000 crore via QIP in which global marquee investors like BNP Paribas and Baillie Gifford participated alongside domestic players such as Bajaj Allianz Life and HDFC Life
Rupee plummets 105 paise to close at Rs 74.47 against US dollar amid Covid
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The rupee tanked 105 paise to close at 74.47 (provisional) against the US currency on Wednesday amid concerns over surging Covid-19 cases in the country
RBI decides to open up RTGS, NEFT facilities for payment system operators
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In a major move in the online payments segments, the RBI has decided to allow payment system operators to take direct membership of Centralised Payment Systems (CPS), such as RTGS and NEFT
RBI commits to OMO calendar, leaves key policy rates and stance unchanged
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Despite the surge in Covid-19 infections, the growth target also remained unchanged at 10.5 per cent for the fiscal, but inflation was tweaked upwards slightly
G-SAP, TLTRO extension: Key takeaways from RBI's April monetary policy
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RBI monetary policy 2021: The recent surge in Covid-19 infections, however, imparts greater uncertainty to the outlook, RBI governor Shaktikanta Das said today
RBI has been pragmatic on growth; ring-fenced the liquidity issue
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The focus was to be more on the language of the RBI on growth and inflation. Here, the RBI has been pragmatic on growth with a forecast of 10.5 per cent for fiscal 2021-22 (FY22), which is quite timel
RBI Monetary policy LIVE updates: RBI today decided to keep rates unchanged today amid rising inflation, lockdowns and Covid surge. Stay tuned for all the LIVE updates
RBI Monetary policy LIVE updates: RBI likely to keep rates unchanged today amid rising inflation, lockdowns and Covid surge. Stay tuned for all the LIVE updates
Rupee drops by 12 paise to Rs 73.42 against US dollar on Covid worries
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The rupee pared its initial gains to close down by 12 paise at 73.42 against the US currency on Tuesday amid concerns that rising COVID-19 cases and subsequent lockdowns in some states may hurt the economic recovery.
Investors were also cautious ahead of th
Bank of India to allot preferential shares to govt for Rs 3,000 crore
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Bank of India said it has convened an extra-ordinary general meeting of shareholders this month for seeking approval to the allotment of preferential shares to the government for Rs 3,000 crore
RBI to go for dovish pause on Wednesday amid inflation, lockdowns: Analysts
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RBI will go for a «dovish pause» at Wednesday's policy review announcement amid developments such as inflation rise and a likely impact on growth due to lockdowns on rising Covid cases, analysts said
Rupee falls by 18 paise to close at Rs 73.30 against the US dollar
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The rupee declined by 18 paise to close at 73.30 (provisional) against the US currency on strong American currency and risk aversion in the domestic market amid concerns over rising Covid-19 cases
Bank asset quality may suffer as impact of relief measures dwindles: Icra
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Rating agency has estimated that gross NPAs (excluding write-offs) will rise to 9.6-9.7% by March 31, 2021 and 9.9-10.2% by March 31, 2022 from 8.6% as of March 31, 2020
Banks sanctions Rs 25,586 cr to 114,322 Stand-Up India accounts in 5 years
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The Finance Ministry on Sunday said banks have sanctioned Rs 25,586 crore to about 1,14,322 beneficiaries under the Stand Up India Scheme in the last five years for promoting entrepreneurship among women and SC & STs.
The objective of Stand-Up India is to pr
