Prime Minister (PM) Narendra Modi will chair webinars on infrastructure (infra) and divestment-related Budget announcements on March 8 and March 9, respectively. The objectives of these meetings will be to brainstorm with experts from the public and private sectors, academia and industry, and identify strategies on how best to move forward towards […]
RBI
RBI may hike reverse repo rate by 0.25% in next week’s policy
The Monetary Policy Committee (MPC) may go for a hike of up to 0.25 per cent in the reverse repo rate at which the RBI absorbs excess liquidity and leave the repo rate at which it lends, to narrow the policy rate corridor, a British brokerage said on Thursday. “Growth […]
Indices post biggest fall in 6 months as inflation
By Administrator_ India Capital Sands India’s benchmark indices on Thursday posted their biggest single-day drop in about six months as concerns over inflation, valuations, and policy normalization by the RBI triggered risk-off bets. The sentiment was further dented by Morgan Stanley’s downgrading of Indian equities, becoming the latest foreign brokerage […]
Bank deposits rise 12% in FY21 on higher CASA growth
By Administrator_India Capital Sands Bank deposits grew 11.9 percent year-on-year during 2020-21 compared to 8.8 percent in 2019-20 on the back of high growth in the current account and savings account deposits, RBI data showed. The share of CASA deposits increased to 43.7 percent in March 2021 compared to 41.7 […]
RBI imposes monetary penalty on Sarvodaya Co-operative bank
By Administrator_ India Capital Sands The Reserve Bank of India (RBI) on July 27 imposed a monetary penalty of Rs 1 lakh on Sarvodaya Commercial Co-operative Bank for non-compliance with directions issued by the RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested, the RBI […]
RBI offers hassle-free trading in govt bonds for retail investors
By Administrator_ India Capital Sands The Reserve Bank of India on Monday said retail investors can open an account with the central bank in few easy steps online to start trading in government bonds. The online portal for retail investors will give access to the bond trading platform available for institutional investors as […]
India’s record foreign exchange pile may not be adequate
By Administrator_ India Capital Sands India’s record of more than $600 billion of foreign exchange reserves might not be good enough, as it falls short on some measures including import cover and liability outflows, according to new research from the central bank. Foreign exchange reserves surged to $605 billion in the week […]
RBI encourages investment in sovereign bonds as part of liquidity measures
By Administrator_ India Capital Sands The Reserve Bank of India is making longer-tenor sovereign bonds attractive again. Quantum Mutual Fund has moved to the 10-14 year segment after staying in duration of up to three years in August in its 691 million rupees ($9.4 million) Dynamic Bond Fund. UTI Asset Management Co. has turned […]
RBI proposes to launch exchange-traded, OTC interest rate derivatives
By Administrator_India Capital Sands The Reserve Bank of India on Tuesday proposed to introduce exchange-traded and over the counter interest rate derivatives products that would be accessible to both foreign investors and retail participants. However, retail participants can only use the product for hedging, while non-retail participants can use the product […]