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01 Kotak Bank press conference highlights: Management on RBI regulations
https://bfsi.economictimes.indiatimes.com/news/banking/kotak-bank-press-conference-highlights-management-on-rbi-regulations/109840573
While announcing the results, MD and CEO, Ashok Vaswani, CFO, Devang Gheewalla, and President – Consumer Banking, Shanti Ekambaram addressed the media. | 70 | 0 | Loading... |
02 India's Kotak Mahindra Bank beats estimates with 26% rise in Q4 net profit
https://bfsi.economictimes.indiatimes.com/news/banking/indias-kotak-mahindra-bank-beats-estimates-with-26-rise-in-q4-net-profit/109835962
Kotak's net interest income, the difference between interest earned and paid out, increased 21% on-year to 260 billion rupees. | 89 | 0 | Loading... |
03 BHIM looks to bulk up with ONDC to take on digital payment heavyweights
https://bfsi.economictimes.indiatimes.com/news/fintech/bhim-looks-to-bulk-up-with-ondc-to-take-on-digital-payment-heavyweights/109830387
NPCI-built app to foray into ecommerce space via separate division. Despite marketing challenges, BHIM aims to improve user experience through partnerships and new initiatives like BHIM 2.0. | 173 | 0 | Loading... |
04 Forex reserves drop USD 2.41 bn to USD 637.92 bn in third consecutive week of decline
https://bfsi.economictimes.indiatimes.com/news/financial-services/forex-reserves-drop-usd-2-41-bn-to-usd-637-92-bn-in-third-consecutive-week-of-decline/109830276
Gold reserves decreased USD 1.275 billion to USD 55.533 billion during the week, the RBI said. | 177 | 0 | Loading... |
05 PSBs plan to set up 'green cells' for climate funding
https://bfsi.economictimes.indiatimes.com/news/banking/psbs-plan-to-set-up-green-cells-for-climate-funding/109830263
State-run banks to introduce 'green cells' for ESG risk assessment and green fund management under EASE 7.0. RBI emphasizes 2.5% GDP green financing. SBI chairman pushes for incentives and CRR relaxation in regulatory policies. | 158 | 0 | Loading... |
06 HSBC has no plans to dispose of further businesses, says chairman Mark Tucker
https://bfsi.economictimes.indiatimes.com/news/banking/hsbc-has-no-plans-to-dispose-of-further-businesses-says-chairman-mark-tucker/109830245
HSBC's chairman Mark Tucker reassured shareholders at the annual meeting that the bank has no immediate plans to sell more assets, signaling a shift in strategy for the banking giant. This comes after CEO Noel Quinn's unexpected retirement and a series of asset sales in Western markets as HSBC refocuses on its Asian operations. | 134 | 0 | Loading... |
07 RBI approves reappointment of Atanu Chakraborty as part-time chairman of HDFC Bank for 3 years
https://bfsi.economictimes.indiatimes.com/news/banking/rbi-approves-reappointment-of-atanu-chakraborty-as-part-time-chairman-of-hdfc-bank-for-3-years/109830224
Atanu Chakraborty has been reappointed as the part-time chairman of HDFC Bank by the Reserve Bank of India for a three-year term from May 5, 2024, to May 4, 2027. With a 35-year tenure in the Indian Administrative Service (IAS) in the Gujarat cadre, Chakraborty has extensive experience in finance, economic policy, infrastructure, and petroleum and natural gas sectors. He held key positions in the Union Government, including Secretary in the Ministry of Finance-Department of Economic Affairs, where he oversaw economic policy-making and budget formulation. | 110 | 0 | Loading... |
08 Banks homing in on a bigger share of expanding real estate pie
https://bfsi.economictimes.indiatimes.com/news/banking/banks-homing-in-on-a-bigger-share-of-expanding-real-estate-pie/109830212
The real estate sector is growing across segments said property analysts. Top seven property markets in the country registered total sales of 74,486 apartments during the quarter. | 91 | 0 | Loading... |
09 Carlyle sells 2% in Yes Bank for Rs 1,441 crore
https://bfsi.economictimes.indiatimes.com/news/banking/carlyle-sells-2-in-yes-bank-for-rs-1441-crore/109830191
In Feb this year, the Group pared a 1.3% stake in private sector lender Yes Bank for Rs 1,057 crore. | 89 | 0 | Loading... |
10 RBI WPS (DEPR): 04/2024: Assessing the Impact of Macroprudential Policies on Housing Credit Dynamics: Evidence from India
http://www.rbi.org.in/scripts/AnnualReportPublications.aspx?Id=22444 | 114 | 0 | Loading... |
11 Agencies issue guide to assist community banks to develop and implement third-party risk management practices
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20240503b.htm
Agencies issue guide to assist community banks to develop and implement third-party risk management practices | 121 | 0 | Loading... |
12 91 days, 182 days and 364 days Treasury Bills auction
http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=57840
Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount
(in ₹ Crore) Auction Date Settlement Date 1 91 Days 12,000 May 08, 2024
(Wednesday) May 09, 2024
(Thursday) 2 182 Days 7,000 3 364 Days 8,000 Total 27,000 The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 (https://rbidocs.rbi.org.in/rdocs/content/pdfs/GOI27032018_A.pdf) along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018 (https://rbidocs.rbi.org.in/rdocs/content/pdfs/GOI05042018_A.pdf) and Amendment Notification No.F-4(2)-W&M/2018 dated December 23, 2021 (https://rbidocs.rbi.org.in/rdocs/content/pdfs/GOI23122021_A.pdf), issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. Individual investors can also place bids as per the non-competitive (https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12193&Mode=0) scheme through Retail Direct portal (https://rbiretaildirect.org.in (https://rbiretaildirect.org.in/)). The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, May 08, 2024, during the below given timings: Category Timing Competitive bids 10:30 am - 11:30 am Non-Competitive bids 10:30 am - 11:00 am Results will be announced on the day of the auction. Payment by successful bidders will have to be made on Thursday, May 09, 2024. Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email (mailto:[email protected]); Phone no: 022-22632527, 022-22701299) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends. In case of technical difficulties, Core Banking Operations Team should be contacted (email (mailto:[email protected]); Phone no: 022-69870466, 022-69870415). For other auction related difficulties, IDMD auction team can be contacted (email (mailto:[email protected]); Phone no: 022-22702431, 022-22705125). Ajit Prasad
Deputy General Manager
(Communications) Press Release: 2024-2025/243 | 145 | 0 | Loading... |
13 RBI Working Paper No. 04/2024: Assessing the Impact of Macroprudential Policies on Housing Credit Dynamics: Evidence from India
http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=57838
Today the Reserve Bank of India placed on its website a Working Paper titled “Assessing the Impact of Macroprudential Policies on Housing Credit Dynamics: Evidence from India (https://www.rbi.org.in/Scripts/PublicationsView.aspx?id=22444)” under the Reserve Bank of India Working Paper Series1 (http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=57838#FN1). The Paper is co-authored by Amar Nath Yadav, Vivek Kumar, Alok Kumar Chakrawal and Jyoti Kumari. This paper examines the effectiveness of macroprudential (MaP) policy in controlling bank credit growth to the housing sector in India using a dynamic panel regression model and quarterly bank-level data. The paper finds that the MaP policies were effective in influencing housing credit growth. Tightening policy actions had a greater impact than easing actions. The impact of MaP policy was not weakened by business cycle booms. A combination of tighter MaP policy and a tighter monetary policy could bring down the non-performing assets (NPAs) in the housing sector. (Yogesh Dayal)
Chief General Manager Press Release: 2024-2025/242 1 The Reserve Bank of India (RBI) introduced the RBI Working Papers series in March 2011. These papers present research in progress of the staff members of the RBI and at times also those of external co-authors, when the research is jointly undertaken. They are disseminated to elicit comments and further debate. The views expressed in these papers are those of the authors and not necessarily those of the institution(s) to which they belong. Comments and observations may please be forwarded to the authors. Citation and use of such papers should take into account its provisional character. | 97 | 0 | Loading... |
14 (17200297) (17252695) (-101309) (-0.6) (52398) (0.3) (2641114) (18.1) 2.2.1 Reserve Bank 11871 10804 -620 -4757 -1067 11145 -10988 2.2.2 Other Banks 16657739 16721073 -97251 -0.6 186702 1.3 63334 0.4 1917475 15.1 2131283 14.6 (17188425) (17241891) (-100690) (-0.6) (53465) (0.3) (2652102) (18.2) Note: Figures in parentheses include the impact of merger of a non-bank with a bank.
8. Liquidity Operations by RBI (₹ Crore) Date Liquidity Adjustment Facility Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-)
(1+3+5+7+9-2-4-6-8) Repo Reverse Repo Variable Rate Repo Variable Rate Reverse Repo MSF SDF Sale Purchase 1 2 3 4 5 6 7 8 9 10 Apr. 22, 2024 - - 75002 - 4904 63075 -994 - - 15837 Apr. 23, 2024 - - - - 8924 60535 -217 - - -51828 Apr. 24, 2024 - - - - 10546 48385 1644 - - -36195 Apr. 25, 2024 - - 50008 - 6986 49844 - - - 7150 Apr. 26, 2024 - - 25001 - 2190 60009 - - - -32818 Apr. 27, 2024 - - - - 2162 48576 - - - -46414 Apr. 28, 2024 - - - - 2743 45726 - - - -42983 SDF: Standing Deposit Facility; MSF: Marginal Standing Facility. The above information can be accessed on Internet at https://wss.rbi.org.in/ The concepts and methodologies for WSS are available in Handbook on WSS (https://rbi.org.in/scripts/PublicationsView.aspx?id=15762). Time series data are available at https://dbie.rbi.org.in (https://dbie.rbi.org.in/) Ajit Prasad
Deputy General Manager
(Communications) Press Release: 2024-2025/241 | 76 | 0 | Loading... |
15 (15.3) 7a.1 Food Credit 18090 -3118 1386 -4991 -21260 -3202 7a.2 Non-food credit 16476192 -95639 182825 67109 1924371 2638038 1. Data since July 14, 2023 include the impact of the merger of a non-bank with a bank.
2. Figures in parentheses exclude the impact of the merger.
3. ‘-’: Nil/Negligible.
6. Money Stock: Components and Sources (₹ Crore) Item Outstanding as on Variation over 2024 Fortnight Financial Year so far Year-on-Year 2023-24 2024-25 2023 2024 Mar. 22 Apr. 19 Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 M3 24830291 25149673 -227235 -0.9 339439 1.5 319382 1.3 1971151 9.5 2466473 10.9 (24938533) (25255655) (-230037) (-0.9) (317122) (1.3) (2572456) (11.3) 1 Components (1.1.+1.2+1.3+1.4) 1.1 Currency with the Public 3418663 3454094 23559 0.7 70050 2.1 35431 1.0 253327 8.2 107607 3.2 1.2 Demand Deposits with Banks 2586888 2601654 -136658 -5.0 -38832 -1.7 14766 0.6 146306 6.9 319889 14.0 1.3 Time Deposits with Banks 18739918 19007573 -114068 -0.6 317674 1.9 267656 1.4 1560777 10.1 2020934 11.9 (18848160) (19113556) (-116871) (-0.6) (265395) (1.4) (2126916) (12.5) 1.4 ‘Other’ Deposits with Reserve Bank 84822 86352 -68 -0.1 -9453 -12.2 1530 1.8 10740 18.7 18043 26.4 2 Sources (2.1+2.2+2.3+2.4-2.5) 2.1 Net Bank Credit to Government 7313197 7589363 -57992 -0.8 14 0.0 276165 3.8 753956 11.8 423816 5.9 (7404752) (7676666) (-58550) (-0.8) (271914) (3.7) (511119) (7.1) 2.1.1 Reserve Bank 994394 1221629 -51921 -31026 227235 76338 -198470 2.1.2 Other Banks 6318803 6367733 -6071 -0.1 31040 0.5 48930 0.8 677618 13.4 622286 10.8 (6410358) (6455037) (-6629) (-0.1) (44679) (0.7) (709590) (12.4) 2.2 Bank Credit to Commercial Sector 16669610 16731877 -97871 -0.6 181945 1.3 62266 0.4 1928620 15.2 2120296 14.5 | 71 | 0 | Loading... |
16 Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract
http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=57839
1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Apr. 28 Apr. 19 Apr. 26 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 4666 0 0 0 -4666 4.2 State Governments 4538 17496 13284 -4212 8746 * Data are provisional; difference, if any, is due to rounding off.
2. Foreign Exchange Reserves* Item As on April 26, 2024 Variation over Week End-March 2024 Year ₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn. 1 2 3 4 5 6 7 8 1 Total Reserves 5317256 637922 -27665 -2412 -74000 -8497 498798 49142 1.1 Foreign Currency Assets # 4665274 559701 -16256 -1159 -96571 -11249 413887 40216 1.2 Gold 462881 55533 -11299 -1275 23562 2858 89234 9876 1.3 SDRs 150439 18048 -90 15 -784 -83 -683 -417 1.4 Reserve Position in the IMF 38661 4639 -20 8 -207 -23 -3639 -533 * Difference, if any, is due to rounding off.
# Excludes (a) SDR holdings of the Reserve Bank, as they are included under the SDR holdings; (b) investment in bonds issued by IIFC (UK); and (c) amounts lent under the SAARC and ACU currency swap arrangements.
4. Scheduled Commercial Banks - Business in India (₹ Crore) Item Outstanding as on
Apr. 19, 2024 Variation over Fortnight Financial year so far Year-on-Year 2023-24 2024-25 2023 2024 1 2 3 4 5 6 2 Liabilities to Others 2.1 Aggregate Deposits 20749252 -250545 267895 274026 1688333 2437443 (20643270) (2331461) 2.1a Growth (Per cent) -1.2 1.5 1.3 10.2 13.3 (12.7) 2.1.1 Demand 2456871 -135774 -41414 13018 144245 317854 2.1.2 Time 18292381 -114770 309309 261008 1544088 2119589 2.2 Borrowings 775519 719 13187 1010 178703 317003 2.3 Other Demand and Time Liabilities 899874 4417 -50195 -37554 129321 160418 7 Bank Credit 16494282 -98758 184211 62119 1903111 2634836 (15973464) (2114017) 7.1a Growth (Per cent) -0.6 1.3 0.4 15.9 19.0 | 88 | 0 | Loading... |
17 Federal Reserve Board requests comment on proposal to expand the operating days of the Federal Reserve Banks’ two large-value payments services, Fedwire Funds Service and the National Settlement Service, to include weekends and holidays
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20240503a.htm
Federal Reserve Board requests comment on proposal to expand the operating days of the Federal Reserve Banks’ two large-value payments services, Fedwire Funds Service and the National Settlement Service, to include weekends and holidays | 113 | 0 | Loading... |
18 Government Stock - Full Auction Results
http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=57837
Auction Results 7.33% GS 2026 7.23% GS 2039 7.34% GS 2064 I. Notified Amount ₹6,000 crore ₹10,000 crore ₹12,000 crore II. Underwriting Notified Amount ₹6,000 crore ₹10,000 crore ₹12,000 crore III. Competitive Bids Received (i) Number 128 321 392 (ii) Amount ₹21569.190 Crore ₹37329 Crore ₹46685.303 Crore IV. Cut-off price / Yield 100.41 100.29 100.55 (YTM: 7.1460%) (YTM: 7.1973%) (YTM: 7.2971%) V. Competitive Bids Accepted (i) Number 32 77 58 (ii) Amount ₹5987.383 Crore ₹9988.806 Crore ₹11986.391 Crore VI. Partial Allotment Percentage of Competitive Bids 38.13% 80.32% 47.57% (14 Bids) (25 Bids) (14 Bids) VII. Weighted Average Price/Yield 100.42 100.31 100.58 (WAY: 7.1415%) (WAY: 7.1951%) (WAY: 7.2948%) VIII. Non-Competitive Bids Received (i) Number 3 5 3 (ii) Amount ₹12.617 Crore ₹11.194 Crore ₹13.609 Crore IX. Non-Competitive Bids Accepted (i) Number 3 5 3 (ii) Amount ₹12.617 Crore ₹11.194 Crore ₹13.609 Crore (iii) Partial Allotment Percentage - - - X. Amount of Underwriting accepted from primary dealers ₹6,000 crore ₹10,000 crore ₹12,000 crore XI. Devolvement on Primary Dealers NIL NIL NIL Ajit Prasad
Deputy General Manager
(Communications) Press Release: 2024-2025/240 | 149 | 0 | Loading... |
19 Government Stock - Auction Results: Cut-off
http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=57836
7.33% GS 2026 7.23% GS 2039 7.34% GS 2064 I. Notified Amount ₹6,000 crore ₹10,000 crore ₹12,000 crore II. Cut off Price / Implicit Yield at cut-off 100.41/7.1460% 100.29/7.1973% 100.55/7.2971% III. Amount accepted in the auction ₹6,000 crore ₹10,000 crore ₹12,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL Ajit Prasad
Deputy General Manager
(Communications) Press Release: 2024-2025/239 | 108 | 0 | Loading... |
20 Result of the 14-day Variable Rate Repo (VRR) auction held on May 03, 2024
http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=57835
Tenor 14-day Notified Amount (in ₹ crore) 1,75,000 Total amount of bids received (in ₹ crore) 1,57,698 Amount allotted (in ₹ crore) 1,57,698 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.53 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad
Deputy General Manager
(Communications) Press Release: 2024-2025/238 | 96 | 0 | Loading... |
21 Results of Underwriting Auctions Conducted on May 03, 2024
http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=57834
In the underwriting auctions conducted on May 03, 2024 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: (₹ crore) Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate
(paise per ₹100) 7.33% GS 2026 6,000 3,003 2,997 6,000 0.13 7.23% GS 2039 10,000 5,019 4,981 10,000 0.18 7.34% GS 2064 12,000 6,006 5,994 12,000 0.34 Auction for the sale of securities will be held on May 03, 2024. Ajit Prasad
Deputy General Manager
(Communications) Press Release: 2024-2025/237 | 88 | 0 | Loading... |
22 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=33496). £ As per the Press Release No. 2021-2022/181 dated May 07, 2021 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51546) and Press Release No. 2021-2022/1023 dated October 11, 2021 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=52388). # As per the Press Release No. 2023-2024/1548 dated December 27, 2023 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=56998). Ajit Prasad
Deputy General Manager
(Communications) Press Release: 2024-2025/236 | 72 | 0 | Loading... |
23 Money Market Operations as on May 02, 2024
http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=57833
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume
(One Leg) Weighted
Average Rate Range A. Overnight Segment (I+II+III+IV) 481,071.42 6.44 1.00-6.90 I. Call Money 10,206.74 6.53 5.10-6.65 II. Triparty Repo 305,939.15 6.41 6.00-6.58 III. Market Repo 163,894.53 6.50 1.00-6.65 IV. Repo in Corporate Bond 1,031.00 6.69 6.60-6.90 B. Term Segment I. Notice Money** 246.00 6.40 6.10-6.60 II. Term Money@@ 789.00 - 6.45-7.00 III. Triparty Repo 450.00 6.45 6.45-6.45 IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - - RBI OPERATIONS@ Auction Date Tenor (Days) Maturity Date Amount Current Rate /
Cut off Rate C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) I. Today's Operations 1. Fixed Rate 2. Variable Rate& (I) Main Operation (a) Repo (b) Reverse Repo (II) Fine Tuning Operations (a) Repo (b) Reverse Repo 3. MSF# Thu, 02/05/2024 1 Fri, 03/05/2024 861.00 6.75 4. SDFΔ# Thu, 02/05/2024 1 Fri, 03/05/2024 110,670.00 6.25 5. Net liquidity injected from today's operations [injection (+)/absorption (-)]* -109,809.00 II. Outstanding Operations 1. Fixed Rate 2. Variable Rate& (I) Main Operation (a) Repo Fri, 19/04/2024 14 Fri, 03/05/2024 75,001.00 6.53 (b) Reverse Repo (II) Fine Tuning Operations (a) Repo Mon, 29/04/2024 4 Fri, 03/05/2024 97,000.00 6.52 (b) Reverse Repo 3. MSF# 4. SDFΔ# 5. On Tap Targeted Long Term Repo Operations€ Mon, 14/06/2021 1096 Fri, 14/06/2024 320.00 4.00 Mon, 30/08/2021 1095 Thu, 29/08/2024 50.00 4.00 Mon, 13/09/2021 1095 Thu, 12/09/2024 200.00 4.00 Mon, | 83 | 0 | Loading... |
24 27/09/2021 1095 Thu, 26/09/2024 600.00 4.00 Mon, 04/10/2021 1095 Thu, 03/10/2024 350.00 4.00 Mon, 15/11/2021 1095 Thu, 14/11/2024 250.00 4.00 Mon, 27/12/2021 1095 Thu, 26/12/2024 2,275.00 4.00 6. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 17/05/2021 1095 Thu, 16/05/2024 400.00 4.00 Tue, 15/06/2021 1095 Fri, 14/06/2024 490.00 4.00 Thu, 15/07/2021 1093 Fri, 12/07/2024 750.00 4.00 Tue, 17/08/2021 1095 Fri, 16/08/2024 250.00 4.00 Wed, 15/09/2021 1094 Fri, 13/09/2024 150.00 4.00 Mon, 15/11/2021 1095 Thu, 14/11/2024 105.00 4.00 Mon, 22/11/2021 1095 Thu, 21/11/2024 100.00 4.00 Mon, 29/11/2021 1095 Thu, 28/11/2024 305.00 4.00 Mon, 13/12/2021 1095 Thu, 12/12/2024 150.00 4.00 Mon, 20/12/2021 1095 Thu, 19/12/2024 100.00 4.00 Mon, 27/12/2021 1095 Thu, 26/12/2024 255.00 4.00 D. Standing Liquidity Facility (SLF) Availed from RBI$ 9,189.39 E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]* 188,290.39 F. Net liquidity injected (outstanding including today's operations) [injection (+)/absorption (-)]* 78,481.39 RESERVE POSITION@ G. Cash Reserves Position of Scheduled Commercial Banks (i) Cash balances with RBI as on May 02, 2024 978,064.35 (ii) Average daily cash reserve requirement for the fortnight ending May 03, 2024 974,109.00 H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ May 02, 2024 0.00 I. Net durable liquidity [surplus (+)/deficit (-)] as on April 05, 2024 235,971.00 @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL). - Not Applicable / No Transaction. ** Relates to uncollateralized transactions of 2 to 14 days tenor. @@ Relates to uncollateralized transactions of 15 days to one year tenor. $ Includes refinance facilities extended by RBI. & As per the Press Release No. 2019-2020/1900 dated February 06, 2020 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=49352). Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53539). * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF. € As per the Press Release No. 2020-2021/520 dated October 21, 2020 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50547), Press Release No. 2020-2021/763 dated December 11, 2020 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50790), Press Release No. 2020-2021/1057 dated February 05, 2021 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51083) and Press Release No. 2021-2022/695 dated August 13, 2021 (https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=52060). ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015 | 84 | 0 | Loading... |
25 What was Bajaj Finance’s Insta EMI Card controversy?
https://bfsi.economictimes.indiatimes.com/news/nbfc/what-was-bajaj-finances-insta-emi-card-controversy/109813946
Since the ban has been lifted from Bajaj Finance Insta EMI card, the company would now resume sanction and disbursal of loans in the above two business segments including issuance of EMI cards. From a customer perspective, you can resume applying for loans and use Insta EMI cards for online and offline purchases through Bajaj Finance's network of partnered merchants. | 102 | 0 | Loading... |
26 Bajaj Finance shares jump over 7% as RBI lifts curbs in less than 6 months
https://bfsi.economictimes.indiatimes.com/news/nbfc/bajaj-finance-shares-jump-over-7-as-rbi-lifts-curbs-in-less-than-6-months/109810365
Bajaj Finance Shares Price: Bajaj Finance's shares soared 7.5% on BSE following RBI's decision to lift restrictions on key customer acquisition products. Analysts foresee positive outcomes with improved growth visibility and potential profit CAGR. | 102 | 0 | Loading... |
27 Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs)
http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=12681&Mode=0
RBI/2024-25/33
DOR.CRE.REC.22/21.03.054/2024-25 May 03, 2024 All Scheduled Commercial Banks
(excluding RRBs) Madam/Dear Sir, Banks' Exposure to Capital Market -
Issue of Irrevocable Payment Commitments (IPCs) Please refer to circular DBOD.Dir.BC.68/13.03.00/2011-12 dated December 27, 2011 (https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6903&Mode=0) on “Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs)” and mailbox clarification dated September 11, 2012 on “Applicability of Irrevocable Payment Commitments”. 2. The risk mitigation measures prescribed in the aforesaid circular were based on T+2 rolling settlement for equities (T being the Trade day). The Stock Exchanges have since introduced T+1 rolling settlement, and accordingly the extant guidelines on issuance of IPCs by banks have been reviewed. Henceforth, all IPCs issued by custodian banks under the T+1 settlement cycle shall comply with the following instructions: Only those custodian banks will be permitted to issue IPCs, who have a clause in the Agreement with clients giving the banks an inalienable right over the securities to be received as pay out in any settlement. However, this clause will not be insisted upon if the transactions are pre-funded i.e., either clear INR funds are available in the customer’s account or, in case of FX deals, the bank’s nostro account has been credited before the issuance of the IPC. The maximum intraday risk to the custodian banks issuing IPCs would be reckoned as Capital Market Exposure (CME) at 30 percent of the settlement amount. This is based on the assumption of 20 percent downward price movement of the equities on T+1, with an additional margin of 10 percent for further downward movement of price. In case margin is paid in cash, the exposure will stand reduced by the amount of margin paid. In case margin is paid by way of permitted securities to Mutual Funds / Foreign Portfolio Investors, the exposure will stand reduced by the amount of margin after adjusting for haircut as prescribed by the Exchange on the permitted securities accepted as margin. Under T+1 settlement cycle, the exposure shall normally be for intraday. However, in case any exposure remains outstanding at the end of T+1 Indian Standard Time, capital will have to be maintained on the outstanding capital market exposure in terms of the Master Circular – Basel III Capital Regulations dated April 1, 2024 (https://www.rbi.org.in/Scripts/BS_ViewMasCirculardetails.aspx?id=12652), as amended from time to time. The underlying exposures of banks to their counterparties, emanating from the intraday CME, will be subject to limits prescribed under Large Exposure Framework dated June 3, 2019 (https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11573&Mode=0), as amended from time to time. 3. The instructions contained in circular DBOD.Dir.BC.68/13.03.00/2011-12 dated December 27, 2011 (https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6903&Mode=0) on ‘Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs)’ shall continue to remain valid for T+2 settlement cycle. 4. These instructions shall come into force with immediate effect. Yours faithfully, (Vaibhav Chaturvedi)
Chief General Manager | 106 | 0 | Loading... |
28 Monthly Credit Records : 16% uptick in overall outstanding loans in Mar'24
https://bfsi.economictimes.indiatimes.com/news/financial-services/monthly-credit-records-16-uptick-in-overall-outstanding-loans-in-mar24/109813931
The banking system is witnessing a strong loan growth. A recent report by 1Lattice revealed that there's been an uptick in overall outstanding loans, of around 16 per cent, March 2024. | 109 | 0 | Loading... |
29 Stock market crash today: BSE Sensex plunges over 1,100 points to dip below 74,000; Nifty50 around 22,350 as bears growl - top reasons for decline
https://bfsi.economictimes.indiatimes.com/news/financial-services/stock-market-crash-today-bse-sensex-plunges-over-1100-points-to-dip-below-74000-nifty50-around-22350-as-bears-growl-top-reasons-for-decline/109813534
Stock market crash today: The S&P BSE Sensex dropped by 1,126 points or 1.5% to reach the day's low of 73,627.99, and the broader Nifty 50 fell by 289 points, reaching the day's low of 22,358.65. All sectoral indices are experiencing declines in trading. | 121 | 0 | Loading... |
30 Biden expands health insurance access for DACA immigrants
https://bfsi.economictimes.indiatimes.com/news/insurance/biden-expands-health-insurance-access-for-daca-immigrants/109813654
Biden's administration expands health insurance access for DACA immigrants, granting work permits, tax credits, and access to the Basic Health Program, benefiting about 100,000 previously uninsured DACA participants under the Affordable Care Act. | 101 | 0 | Loading... |
31 Durov's Channel (@durov) - Telegram
✨✨ Being mindful about what kind of information we consume is just as important for our...
✨✨ Being mindful about what kind of information we consume is just as important for our wellbeing as what food we eat. Words may shape our reality in more ways than we think.
That’s why I never watch horror movies and instead prefer films showing uplifting success stories (“Wonka” was my favorite last year). Popular songs, replayed many times, can work like magical spells that plant suggestions in our brains, so I carefully select my playlist to make sure their lyrics don’t include undesirable scenarios. I like to start my day with mid-20th century songs that express joy, such as “Oh, What a Beautiful Morning” or “What a Wonderful World” 💫🦄
Telegram, unlike other apps, doesn’t throw random content at its users — people receive only the news from channels they have joined, and they can unsubscribe any time. This architecture helps us remain an independent platform that doesn’t promote any narrative and instead gives people the full power to choose what they like to see in their feed ✊💪 | 131 | 0 | Loading... |
32 Will Bitcoin extend fall?
https://bfsi.economictimes.indiatimes.com/news/fintech/will-bitcoin-extend-fall/109810490
Analysts predict further downside for Bitcoin, with expectations of a potential sell-off to the mid-to-low $50,000 range. | 126 | 0 | Loading... |
33 Bank of Baroda shares drop 0.82% as Sensex falls
https://bfsi.economictimes.indiatimes.com/news/banking/bank-of-baroda-shares-drop-0-82-as-sensex-falls/109810259
A total of 155,434 shares changed hands on the counter till 11:58AM (IST) | 160 | 0 | Loading... |
34 FD interest rate up to 8%: Indian Bank extends special FD deadlines to this date
https://bfsi.economictimes.indiatimes.com/news/banking/fd-interest-rate-up-to-8-indian-bank-extends-special-fd-deadlines-to-this-date/109810251
The deadline for investing in the Indian Bank's special fixed deposit, which offers higher interest rates, has been extended. . | 160 | 0 | Loading... |
35 Stock market crash today: BSE Sensex plunges over 900 points to dip below 74,000; Nifty50 around 22,450 as bears growl
https://bfsi.economictimes.indiatimes.com/news/financial-services/stock-market-crash-today-bse-sensex-plunges-over-900-points-to-dip-below-74000-nifty50-around-22450-as-bears-growl/109810322
Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Friday, despite a strong opening and the Nifty reaching a new all-time high. | 140 | 0 | Loading... |
36 Ugro Capital raises Rs 1,322 crore, acquires fintech lender MyShubhLife for Rs 45 crore
https://bfsi.economictimes.indiatimes.com/news/nbfc/ugro-capital-raises-rs-1322-crore-acquires-fintech-lender-myshubhlife-for-rs-45-crore/109800816
The deal with MSL enables Ugro Capital to enter the tech-enabled embedded finance market. The non-bank lender will initially pay Rs 28 crore to acquire 76% of MSL, while the remaining Rs 17 crore will be paid later to secure full ownership of the company. | 162 | 0 | Loading... |
37 RBI lifts digital lending curbs on Bajaj Finance after 6 months
https://bfsi.economictimes.indiatimes.com/news/nbfc/rbi-lifts-digital-lending-curbs-on-bajaj-finance-after-6-months/109800703
RBI lifted digital lending restrictions on Bajaj Finance, allowing the company to resume loan issuance through 'eCOM' and 'Insta EMI Card'. The ban lift followed remedial actions by Bajaj Finance, impacting Q4FY24 profit by 4%. | 158 | 0 | Loading... |
38 Ujjivan Small Finance Bank appoints Carol Furtado as executive director
https://bfsi.economictimes.indiatimes.com/news/banking/ujjivan-small-finance-bank-appoints-carol-furtado-as-executive-director/109800667
Carol Furtado appointed as executive director at Ujjivan Small Finance Bank for three years from May 1, approved by RBI. With 29 years in banking, she played key roles in the bank's development. | 171 | 0 | Loading... |
39 Almost 43 pc health insurance policyholders struggled to get claims processed in last 3 yrs: Survey
https://bfsi.economictimes.indiatimes.com/news/insurance/almost-43-pc-health-insurance-policyholders-struggled-to-get-claims-processed-in-last-3-yrs-survey/109800853
"Despite some interventions by the Insurance Regulatory and Development Authority of India (Irdai) consumers continue to grapple with insurance companies to get their health claims," Localcircles said in a statement. | 193 | 0 | Loading... |
40 Ranjan Pai, Axis Bank may back gold loan startup Rupeek
https://bfsi.economictimes.indiatimes.com/news/fintech/ranjan-pai-axis-bank-may-back-gold-loan-startup-rupeek/109800687
Claypond Capital, Axis Bank, and new investors plan to invest in Rupeek at a reduced valuation. Investment details are being finalized, with existing investors also considering selling shares. Rupeek previously raised funds from 360 One at a significant discount. | 188 | 0 | Loading... |
Kotak Bank press conference highlights: Management on RBI regulations
https://bfsi.economictimes.indiatimes.com/news/banking/kotak-bank-press-conference-highlights-management-on-rbi-regulations/109840573
While announcing the results, MD and CEO, Ashok Vaswani, CFO, Devang Gheewalla, and President – Consumer Banking, Shanti Ekambaram addressed the media.
India's Kotak Mahindra Bank beats estimates with 26% rise in Q4 net profit
https://bfsi.economictimes.indiatimes.com/news/banking/indias-kotak-mahindra-bank-beats-estimates-with-26-rise-in-q4-net-profit/109835962
Kotak's net interest income, the difference between interest earned and paid out, increased 21% on-year to 260 billion rupees.
BHIM looks to bulk up with ONDC to take on digital payment heavyweights
https://bfsi.economictimes.indiatimes.com/news/fintech/bhim-looks-to-bulk-up-with-ondc-to-take-on-digital-payment-heavyweights/109830387
NPCI-built app to foray into ecommerce space via separate division. Despite marketing challenges, BHIM aims to improve user experience through partnerships and new initiatives like BHIM 2.0.
Forex reserves drop USD 2.41 bn to USD 637.92 bn in third consecutive week of decline
https://bfsi.economictimes.indiatimes.com/news/financial-services/forex-reserves-drop-usd-2-41-bn-to-usd-637-92-bn-in-third-consecutive-week-of-decline/109830276
Gold reserves decreased USD 1.275 billion to USD 55.533 billion during the week, the RBI said.
PSBs plan to set up 'green cells' for climate funding
https://bfsi.economictimes.indiatimes.com/news/banking/psbs-plan-to-set-up-green-cells-for-climate-funding/109830263
State-run banks to introduce 'green cells' for ESG risk assessment and green fund management under EASE 7.0. RBI emphasizes 2.5% GDP green financing. SBI chairman pushes for incentives and CRR relaxation in regulatory policies.
HSBC has no plans to dispose of further businesses, says chairman Mark Tucker
https://bfsi.economictimes.indiatimes.com/news/banking/hsbc-has-no-plans-to-dispose-of-further-businesses-says-chairman-mark-tucker/109830245
HSBC's chairman Mark Tucker reassured shareholders at the annual meeting that the bank has no immediate plans to sell more assets, signaling a shift in strategy for the banking giant. This comes after CEO Noel Quinn's unexpected retirement and a series of asset sales in Western markets as HSBC refocuses on its Asian operations.
RBI approves reappointment of Atanu Chakraborty as part-time chairman of HDFC Bank for 3 years
https://bfsi.economictimes.indiatimes.com/news/banking/rbi-approves-reappointment-of-atanu-chakraborty-as-part-time-chairman-of-hdfc-bank-for-3-years/109830224
Atanu Chakraborty has been reappointed as the part-time chairman of HDFC Bank by the Reserve Bank of India for a three-year term from May 5, 2024, to May 4, 2027. With a 35-year tenure in the Indian Administrative Service (IAS) in the Gujarat cadre, Chakraborty has extensive experience in finance, economic policy, infrastructure, and petroleum and natural gas sectors. He held key positions in the Union Government, including Secretary in the Ministry of Finance-Department of Economic Affairs, where he oversaw economic policy-making and budget formulation.
Banks homing in on a bigger share of expanding real estate pie
https://bfsi.economictimes.indiatimes.com/news/banking/banks-homing-in-on-a-bigger-share-of-expanding-real-estate-pie/109830212
The real estate sector is growing across segments said property analysts. Top seven property markets in the country registered total sales of 74,486 apartments during the quarter.
Carlyle sells 2% in Yes Bank for Rs 1,441 crore
https://bfsi.economictimes.indiatimes.com/news/banking/carlyle-sells-2-in-yes-bank-for-rs-1441-crore/109830191
In Feb this year, the Group pared a 1.3% stake in private sector lender Yes Bank for Rs 1,057 crore.
RBI WPS (DEPR): 04/2024: Assessing the Impact of Macroprudential Policies on Housing Credit Dynamics: Evidence from India
http://www.rbi.org.in/scripts/AnnualReportPublications.aspx?Id=22444