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India`s banking system liquidity slips into deficit first time in FY24 India's banking system liquidity has slipped into deficit for the first time this financial year after the Reserve Bank of India's temporary liquidity withdrawal move and tax outflows. Banking system liquidity stood at a deficit or 236 billion rupees ($2.84 billion) as of Aug. 21, according to RBI data. Surplus had hit a high of 2.8 trillion rupees at the start of this month, but has since been dropping, especially after the RBI told banks to hold an incremental cash reserve rat...
India`s banking system liquidity slips into deficit first time in FY24
India`s banking system liquidity slips into deficit first time in FY24
Source: Reuters
22/08/2023 9:32:15 AM
RBI may continue with the incremental CRR provision There is a high probability that the Reserve Bank of India (RBI) might continue with the incremental CRR announced on August 10, which is expected to be reviewed on September 8, Morgan Stanley said in a report. “As we now expect inflation to track at 6 per cent in QE December23, we delay the start of the easing cycle to 2Q24 from 1Q24. We maintain our expectation of two rate cuts of 25bps each. “Further, in the near term we expect RBI will maintain its focus on liquidity man...
RBI may continue with the incremental CRR provision
RBI may continue with the incremental CRR provision
Source: IANS
16/08/2023 12:38:59 PM
India cenbank`s incremental CRR move a surprise, policy signal The Reserve Bank of India's (RBI) move to ask banks to maintain additional cash reserve ratio (CRR) came as a surprise and could be used as a policy tool, an economist at Standard Chartered Bank said on Friday. The RBI asked banks to hold an incremental CRR of 10% on an increase in deposits between May 19 and July 28 in Thursday's monetary policy decision, when it expectedly kept its key policy rate unchanged. The move will withdraw over one trillion rupees ($12.08 billion) from...
India cenbank`s incremental CRR move a surprise, policy signal
India cenbank`s incremental CRR move a surprise, policy signal
Source: Reuters
11/08/2023 2:43:37 PM
PSU bank stocks best performers in trade while private sector banks down after RBI raises CRR provision Public sector banks are up in trade but private sector banks are down following RBI's decision to hike CRR provision to curb liquidity. Among private sector banks, Indusind Bank is top loser in Sensex, down 1.5 per cent. ICICI Bank, Axis Bank and HDFC Bank are also trading down. On the other hand, PSU banks are flying. Indian Overseas Bank is up more than 11 per cent, Central Bank of India is up more than 7 per cent, UCO Bank is up more than 5 per cent, Punjab and Sind Bank is up 4....
PSU bank stocks best performers in trade while private sector banks down after RBI raises CRR provision
PSU bank stocks best performers in trade while private sector banks down after RBI raises CRR provision
Source: IANS
11/08/2023 2:09:29 PM
India central bank may tighten cash conditions, but CRR hike unlikely -traders The Reserve Bank of India may look to tighten domestic rupee liquidity to quell inflationary pressures but will refrain from permanent cash withdrawal, several traders and analysts said ahead of Thursday's monetary policy review. The central bank is expected to hold policy rates steady but could turn more hawkish given that inflation in July is likely to have risen above its comfort band. Reducing surplus liquidity, which could fuel inflation, could be one way of signalling a toughe...
India central bank may tighten cash conditions, but CRR hike unlikely -traders
India central bank may tighten cash conditions, but CRR hike unlikely -traders
Source: Reuters
9/08/2023 3:22:27 PM
RBI`s measures controlled inflation: Economists  Economists are of the view that the measures taken by the Reserve Bank of India (RBI) has controlled the inflation and add that the inflation will come down. The RBI's Monetary Policy Committee (MPC) will meet on November 3 to discuss what it would tell the Centre as to why it was not able to restrain the inflation within four per cent + or - two per cent. The RBI may also sound out the Central government as to the course of inflation as well as the reasons as to why it may ...
RBI`s measures controlled inflation: Economists
RBI`s measures controlled inflation: Economists
Source: IANS
31/10/2022 11:47:19 AM
RBI Governor Says - CRR hike to lead to withdrawal of Rs.87,000 Cr RBI Governor Says - CRR hike to lead to withdrawal of Rs.87,000 Cr
RBI Governor Says - CRR hike to lead to withdrawal of Rs.87,000 Cr
RBI Governor Says - CRR hike to lead to withdrawal of Rs.87,000 Cr
Source: investmentguruindia.com
4/05/2022 2:41:16 PM
BREAKING NEWS - RBI raises CRR by 50 Basis Points BREAKING NEWS - RBI raises CRR by 50 Basis Points
BREAKING NEWS - RBI raises CRR by 50 Basis Points
BREAKING NEWS - RBI raises CRR by 50 Basis Points
Source: investmentguruindia.com
4/05/2022 2:28:57 PM