News

India cenbank planning to introduce wholesale digital currency The Reserve Bank of India is planning to introduce wholesale a central bank digital currency (CBDC) in the call money market, an official told reporters. “RBI is now planning to go interbank borrowing market, specifically call money market,” the official said. RBI plans to use CBDCs as tokens for call money settlement, he said. India’s CBDC is currently in a pilot phase across the retail and wholesale segments. The central bank has set a target of one million transa...
India cenbank planning to introduce wholesale digital currency
India cenbank planning to introduce wholesale digital currency
Source: Reuters
5/09/2023 2:07:51 PM
Central Bank of India rises on entering into strategic Co-Lending Partnership with M/s IKF Finance Central Bank of India is currently trading at Rs. 35.35, up by 0.24 points or 0.68% from its previous closing of Rs. 35.11 on the BSE. The scrip opened at Rs. 35.71 and has touched a high and low of Rs. 35.80 and Rs. 35.30 respectively. So far 466435 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.80 on 14-Dec-2022 and a 52 week low of Rs. 18.65 on 28-Sep-2022. Last one week high and low of the scrip stood a...
Central Bank of India rises on entering into strategic Co-Lending Partnership with M/s IKF Finance
Central Bank of India rises on entering into strategic Co-Lending Partnership with M/s IKF Finance
Source: Accord Fintech
30/08/2023 11:13:59 AM
Rupee term loan document executed for GatiShakti rail corridor project in Chhattisgarh In a major development in PM GatiShakti rail corridor projects in Chhattisgarh, rupee term loan documents were executed between the Central Bank of India under sole banking and the promoters, i.e., South Eastern Coalfields Ltd (SECL), Ircon International Ltd (IRCON), CSIDC and CERL on Monday, towards development of second phase of Chhattisgarh East Railway Ltd (CERL). The total debt exposure in this financial contract will be of Rs 1,349 crore. This concludes the documentation process o...
Rupee term loan document executed for GatiShakti rail corridor project in Chhattisgarh
Rupee term loan document executed for GatiShakti rail corridor project in Chhattisgarh
Source: IANS
29/08/2023 10:59:43 AM
India central bank issues guidelines to regulate penal charges by banks India's central bank on Friday forbid banks and other lenders from charging penal interest from borrowers for not complying with the contractual terms and conditions of a loan to ensure fair lending practices and protect the interest of consumers. Penalty, if charged, should be treated as "penal charges" and not be levied as "penal interest" on the existing rate charged on loan, the Reserve Bank of India (RBI) said in a notification. The RBI observed that many le...
India central bank issues guidelines to regulate penal charges by banks
India central bank issues guidelines to regulate penal charges by banks
Source: Reuters
18/08/2023 10:52:18 AM
India central bank to withdraw 1 trln rupees via incremental CRR The Reserve Bank of India (RBI) will withdraw nearly one trillion rupees ($12.07 billion) from the banking system through a temporary increase in the amount of funds lenders set aside with the central bank, as it tries to keep a lid on inflation. Earlier in the day, India's Monetary Policy Committee kept key policy rates unchanged but RBI Governor Shaktikanta Das asked banks to hold an incremental cash reserve ratio (CRR) of 10% on increase in deposits between May 19 and July 28, with ...
India central bank to withdraw 1 trln rupees via incremental CRR
India central bank to withdraw 1 trln rupees via incremental CRR
Source: Reuters
10/08/2023 3:47:58 PM
Central Bank of India rises on entering into strategic Co-Lending Partnership with DMI Housing Finance Central Bank of India is currently trading at Rs. 31.10, up by 0.24 points or 0.78% from its previous closing of Rs. 30.86 on the BSE. The scrip opened at Rs. 30.90 and has touched a high and low of Rs. 31.54 and Rs. 30.86 respectively. So far 1535827 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.80 on 14-Dec-2022 and a 52 week low of Rs. 17.65 on 10-Aug-2022. Last one week high and low of the scrip stood ...
Central Bank of India rises on entering into strategic Co-Lending Partnership with DMI Housing Finance
Central Bank of India rises on entering into strategic Co-Lending Partnership with DMI Housing Finance
Source: Accord Fintech
9/08/2023 2:22:33 PM
Central Bank of India gains on entering into partnership with Clix Capital Services Central Bank Of India is currently trading at Rs. 30.17, up by 0.27 points or 0.90% from its previous closing of Rs. 29.90 on the BSE. The scrip opened at Rs. 29.88 and has touched a high and low of Rs. 30.58 and Rs. 29.87 respectively. So far 548856 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.80 on 14-Dec-2022 and a 52 week low of Rs. 17.65 on 10-Aug-2022. Last one week high and low of the scrip stood a...
Central Bank of India gains on entering into partnership with Clix Capital Services
Central Bank of India gains on entering into partnership with Clix Capital Services
Source: Accord Fintech
8/08/2023 1:41:35 PM
Central Bank of India shines on reporting 81% rise in Q1 consolidated net profit Central Bank Of India is currently trading at Rs. 31.53, up by 1.16 points or 3.82% from its previous closing of Rs. 30.37 on the BSE. The scrip opened at Rs. 30.42 and has touched a high and low of Rs. 32.59 and Rs. 30.42 respectively. So far 1958988 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.80 on 14-Dec-2022 and a 52 week low of Rs. 17.55 on 27-Jul-2022. Last one week high and low of the scrip stood ...
Central Bank of India shines on reporting 81% rise in Q1 consolidated net profit
Central Bank of India shines on reporting 81% rise in Q1 consolidated net profit
Source: Accord Fintech
17/07/2023 3:10:36 PM
TruCap Finance Ltd. disburses loans worth ~INR 2.61 billion in Q1FY24, takes the total branch count to 103 As a leading non-banking finance company (NBFC) focused on micro, small, and medium enterprises (MSMEs), TruCap has disbursed ~INR 2.61 billion in the quarter ended June’23 vs. ~INR 2.37 billion in Mar’23 and ~INR 1.64 billion in Jun’22 translating to an AUM in excess of INR ~6.5 billion with over 65,000+ active borrowers. Cumulatively, the company has disbursed INR ~20.8 billion to more than 1,90,000 borrowers over the last five years. A strategic roadmap the company ado...
TruCap Finance Ltd. disburses loans worth ~INR 2.61 billion in Q1FY24, takes the total branch count to 103
TruCap Finance Ltd. disburses loans worth ~INR 2.61 billion in Q1FY24, takes the total branch count to 103
Source: PR Agency
12/07/2023 12:55:21 PM
Indian lenders want central bank to conduct more overnight reverse repo auctions Several Indian banks said on Thursday the Reserve Bank of India (RBI) should continue with more overnight variable rate reverse repo auctions, despite its first such attempt seeing subscriptions of less than half the target amount of 1 trillion rupees. The RBI's overnight variable rate reverse repo, or VRRR - usually undertaken to withdraw excess liquidity - saw a subscription of only 390 billion rupees ($4.73 billion) earlier in the day. However, at least five banking officials sai...
Indian lenders want central bank to conduct more overnight reverse repo auctions
Indian lenders want central bank to conduct more overnight reverse repo auctions
Source: Reuters
6/07/2023 5:10:33 PM
India central bank to hold rates, markets on guard for any shift in stance The Reserve Bank of India (RBI) is widely seen holding key rates steady on Thursday but commentary around the future trajectory of interest rates and banking system liquidity will be closely monitored by market participants. The monetary policy committee (MPC), which has three members from the RBI and three external members, is expected to leave the repo rate at 6.50% for a second straight meeting. All 64 economists polled by Reuters expect no change. The repo rate has been raised by a ...
India central bank to hold rates, markets on guard for any shift in stance
India central bank to hold rates, markets on guard for any shift in stance
Source: Reuters
8/06/2023 9:33:55 AM
Central Bank of India inches up on entering into partnership with India Shelter Finance Corporation Central Bank of India is currently trading at Rs. 27.81, up by 0.02 points or 0.07% from its previous closing of Rs. 27.79 on the BSE. The scrip opened at Rs. 27.70 and has touched a high and low of Rs. 28.25 and Rs. 27.65 respectively. So far 620831 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.80 on 14-Dec-2022 and a 52 week low of Rs. 16.10 on 16-Jun-2022. Last one week high and low of the scrip stood a...
Central Bank of India inches up on entering into partnership with India Shelter Finance Corporation
Central Bank of India inches up on entering into partnership with India Shelter Finance Corporation
Source: Accord Fintech
2/06/2023 12:45:56 PM
India cenbank's FY 2023 income rises on forex gains The Indian central bank's net income rose to 2.35 trillion rupees ($28.4 billion) in fiscal year 2023, from 1.6 trillion rupees in the previous year on higher forex gains, its annual report released on Tuesday showed. The Reserve Bank of India's (RBI) balance sheet size increased by 2.5% during the financial year to 63.45 trillion rupees. During the year, the central bank saw a gain of 1.03 trillion rupees from foreign exchange transactions, which allowed it to increase the size...
India cenbank's FY 2023 income rises on forex gains
India cenbank's FY 2023 income rises on forex gains
Source: Reuters
30/05/2023 11:55:28 AM
Indian Oil to recoup most dues from Go First through bank guarantees NEW DELHI - Indian Oil Corp will recoup $61.14 million of jet fuel sales to cash-strapped Go First by cashing in bank guarantees and is optimistic it will recover a further $6.11 million for unsecured sales made in the past few months, sources said. IOC, the country's largest fuel retailer, was the sole supplier of jet fuel to low-cost carrier Go First, which filed for bankruptcy protection on Tuesday, blaming "faulty" Pratt & Whitney engines for the grounding of about ha...
Indian Oil to recoup most dues from Go First through bank guarantees
Indian Oil to recoup most dues from Go First through bank guarantees
Source: Reuters
3/05/2023 7:55:23 PM
Axis Bank says no exposure to Go Airlines; other lenders to be affected The voluntary bankruptcy petition filed by the Wadia gorups low cost airline Go Airlines (India) Ltd will be impacting its lenders, i.e., banks. However, private lender Axis Bank said on Wednesday in a regulatory filing that it has no funded or non-funded exposure to the financially-troubled Go Airlines. According to reports, banks like Bank of Baroda, IDBI Bank, and Central Bank of India have exposure to the private airline. While the airline had said that its promoters had infused ...
Axis Bank says no exposure to Go Airlines; other lenders to be affected
Axis Bank says no exposure to Go Airlines; other lenders to be affected
Source: IANS
3/05/2023 7:00:36 PM
Go First owner has no plans to exit airline: CEO Go Airlines (India) Ltd owner Wadia Group is completely committed to the airline and had no plans to exit it, the airline's chief executive told Reuters in an interview on Wednesday. His comments came a day after the cash-strapped Indian airline filed for bankruptcy, blaming "faulty" Pratt & Whitney (P&W) engines for the grounding of about half its fleet. The insolvency proceedings were aimed at reviving the airline and not selling it, CEO Kaushik Khona said, confi...
Go First owner has no plans to exit airline: CEO
Go First owner has no plans to exit airline: CEO
Source: Reuters
3/05/2023 5:23:21 PM
India central bank likely buying dollars via public sector banks traders The Indian central bank was likely buying dollars via public sector banks on Wednesday to ensure that the rupee remained in a narrow range, traders told Reuters. The rupee was at 81.86 to the U.S. dollar at of midday, compared with a session-high of 81.7650. The Reserve Bank of India (RBI) "was at it again", a trader at a private sector bank said. Its difficult to figure out the logic on why RBI is present at current levels, "other than the usual of adding (fx) reserve...
India central bank likely buying dollars via public sector banks traders
India central bank likely buying dollars via public sector banks traders
Source: Reuters
3/05/2023 1:17:33 PM
India`s Go First Airways owes financial creditors $798 million - filing Indian airline Go First, which filed for bankruptcy on Tuesday, owes financial creditors 65.21 billion Indian rupees ($798 million), its bankruptcy filing showed. As of April 30, Go First Air had not defaulted on any of these dues, it said in the filing, which was seen by Reuters. "However, considering the present financial situation of the corporate applicant, defaults to financial creditors would be imminent," the filing said. Lenders were not aware of the airline's p...
India`s Go First Airways owes financial creditors $798 million - filing
India`s Go First Airways owes financial creditors $798 million - filing
Source: Reuters
3/05/2023 10:39:30 AM
IndiGo shares surge after smaller rival Go First files for bankruptcy Shares of India's largest airline IndiGo surged over 8% on Wednesday as smaller rival Go First's bankruptcy filing raised hopes of market share gains and improved yields. Cash-strapped airline Go First filed for bankruptcy on Tuesday, blaming "faulty" Pratt & Whitney engines for the grounding of about half its fleet and taking lenders by surprise. Lessors may also be keen to allocate some of the Go First aircraft to IndiGo, within India itself, given similar fleet ...
IndiGo shares surge after smaller rival Go First files for bankruptcy
IndiGo shares surge after smaller rival Go First files for bankruptcy
Source: Reuters
3/05/2023 10:34:42 AM
Central Bank of India trades higher on reporting 73% rise in Q4 consolidated net profit Central Bank of India is currently trading at Rs. 30.50, up by 0.15 points or 0.49% from its previous closing of Rs. 30.35 on the BSE. The scrip opened at Rs. 31.00 and has touched a high and low of Rs. 31.21 and Rs. 30.42 respectively. So far 1576042 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.80 on 14-Dec-2022 and a 52 week low of Rs. 16.10 on 16-Jun-2022. Last one week high and low of the scrip stood ...
Central Bank of India trades higher on reporting 73% rise in Q4 consolidated net profit
Central Bank of India trades higher on reporting 73% rise in Q4 consolidated net profit
Source: Accord Fintech
2/05/2023 12:33:33 PM
Paytm UPI Lite crosses 4 mn users with 10 mn transactions to date Homegrown Paytm Payments Bank has now over 4.3 million users on Paytm UPI Lite with more than over 10 million transactions so far through the Paytm Super App, the company said on Tuesday. Paytm UPI Lite continues to gain rapid popularity among the masses to carry out small-value transactions of up to Rs 200 in a single tap. Currently, 10 banks support Paytm UPI Lite -- Paytm Payments Bank, Canara Bank, Central Bank of India, HDFC Bank, Indian Bank, Kotak Mahindra Bank, Punjab National B...
Paytm UPI Lite crosses 4 mn users with 10 mn transactions to date
Paytm UPI Lite crosses 4 mn users with 10 mn transactions to date
Source: IANS
4/04/2023 5:59:26 PM
Central Bank of India gains on entering into partnership with Moneywise Financial Services Central Bank of India is currently trading at Rs. 26.65, up by 0.10 points or 0.38% from its previous closing of Rs. 26.55 on the BSE. The scrip opened at Rs. 26.65 and has touched a high and low of Rs. 27.00 and Rs. 26.50 respectively. So far 75840 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.80 on 14-Dec-2022 and a 52 week low of Rs. 16.10 on 16-Jun-2022. Last one week high and low of the scrip stood at...
Central Bank of India gains on entering into partnership with Moneywise Financial Services
Central Bank of India gains on entering into partnership with Moneywise Financial Services
Source: Accord Fintech
21/02/2023 11:00:45 AM
Rupee weakens against US dollar on Thursday Indian rupee weakened against the US dollar on Thursday amid muted trend in domestic equities following sustained foreign fund outflows from the capital market. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday as they offloaded shares worth Rs 736.82 crore, exchange data showed. Moreover, firm crude oil prices also dampened rupee sentiments. Meanwhile, bankers said the central bank’s decision to hike the repo rate by 25 basis points was on expe...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
9/02/2023 12:01:15 PM
Central Bank of India gains on reporting 68% rise in Q3 consolidated net profit Central Bank Of India is currently trading at Rs. 32.55, up by 0.05 points or 0.15% from its previous closing of Rs. 32.50 on the BSE. The scrip opened at Rs. 32.80 and has touched a high and low of Rs. 32.95 and Rs. 31.90 respectively. So far 1220273 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.80 on 14-Dec-2022 and a 52 week low of Rs. 16.10 on 16-Jun-2022. Last one week high and low of the scrip stood ...
Central Bank of India gains on reporting 68% rise in Q3 consolidated net profit
Central Bank of India gains on reporting 68% rise in Q3 consolidated net profit
Source: Accord Fintech
18/01/2023 3:25:38 PM
Indian banks` fundraising spree to continue in Jan-Mar to enhance capital Indian banks could continue to actively raise funds via debt markets in the January-March quarter as they look to strengthen their capital base and finance credit demand under existing favourable market conditions, analysts and bankers said. "Apart from credit growth and refinancing, the market condition is conducive, if you look at the long-term rates for bonds," said Soumyajit Niyogi, director, core Analytical Group at India Ratings and Research. "So they are beefing up ca...
Indian banks` fundraising spree to continue in Jan-Mar to enhance capital
Indian banks` fundraising spree to continue in Jan-Mar to enhance capital
Source: Reuters
29/12/2022 3:13:28 PM
Central Bank of India surges on getting nod to raise Rs 1500 crore during FY23 Central Bank of India is currently trading at Rs. 32.35, up by 1.50 points or 4.86% from its previous closing of Rs. 30.85 on the BSE. The scrip opened at Rs. 32.00 and has touched a high and low of Rs. 32.35 and Rs. 31.55 respectively. So far 3347616 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.80 on 14-Dec-2022 and a 52 week low of Rs. 16.10 on 16-Jun-2022. Last one week high and low of the scrip stood ...
Central Bank of India surges on getting nod to raise Rs 1500 crore during FY23
Central Bank of India surges on getting nod to raise Rs 1500 crore during FY23
Source: Accord Fintech
27/12/2022 11:44:07 AM
Buy Central Bank of India Ltd For Target Rs.37 - LKP Securities Price Analysis After incurring losses for six consecutive years (FY16-FY21), Central Bnak returned to profitability in FY22. Furthermore, the bank has been reporting consistent growth in net profit since last six quarters. A bulky provision (Rs30.8bn) made in 4QFY21, continued to safeguard the balance sheet with PCR (calculated) of 72% and PCR (including TWO) of 89%. The bank’s margin (3.4% in the 2QFY23) is in upward trajectory with continuous improvement in CD ratio. On the busines...
Buy Central Bank of India Ltd For Target Rs.37 - LKP Securities
Buy Central Bank of India Ltd For Target Rs.37 - LKP Securities
Source: LKP Securities Ltd
7/12/2022 2:46:12 PM
Foreign buyers pass up India`s invite for short-term corp. debt -analysts The Indian central bank's window for foreign investors to buy commercial papers and shorter tenor corporate bonds closed without much interest as higher U.S. yields and a weakening rupee made the proposition unattractive, analysts said. "The one-year and two-year U.S. yields are trading at such high levels that it does not make sense for foreign players to go for Indian short-term papers, especially given the currency risks," said Venkatakrishnan Srinivasan, founder and manag...
Foreign buyers pass up India`s invite for short-term corp. debt -analysts
Foreign buyers pass up India`s invite for short-term corp. debt -analysts
Source: Reuters
1/11/2022 12:48:14 PM
India's RBI to soon commence pilot project of digital rupee The Indian central bank will soon commence limited pilot launches of a central bank backed digital rupee for specific use cases, it said in a concept paper released on Friday. The Reserve Bank of India has been exploring the pros and cons of a central bank digital currency for some time and is currently engaged in working towards a phased implementation strategy, it said. Use cases are being examined for an e-rupee in a way that there is minimal or no disruption to the financial system,...
India's RBI to soon commence pilot project of digital rupee
India's RBI to soon commence pilot project of digital rupee
Source: Reuters
7/10/2022 4:26:06 PM
India Central Bank likely to set cut-off yield for 2032 bond at 7.51%  The Indian government is aiming to raise at least 280 billion Indian rupees ($3.40 billion) through the sale of bonds on Friday. The Reserve Bank of India will likely set the cut-off yields for these notes in a range of 7.42% to 7.60%, according to a Reuters poll of 14 traders. Note Quantum (in bln Median Min Max rupees) 7.38% 2027 70 7.42% 7.40% 7.43% 7.26% 2032 120 7.51% 7.50% 7.52% 7.36% 2052 90 7.60% 7.59% 7.62% ($1 = 82.3800 Indian rupees)
India Central Bank likely to set cut-off yield for 2032 bond at 7.51%
India Central Bank likely to set cut-off yield for 2032 bond at 7.51%
Source: Reuters
7/10/2022 11:22:56 AM
RBI sells dollars as rising oil prices push rupee to near record low The Indian central bank likely sold dollars via state-run banks on Monday as rising oil prices and weak risk appetite pushed the rupee to within striking distance of record lows. The rupee was last trading at 81.90, down from 81.34 in the previous session. The local unit reached a record low of 81.95 last Wednesday. The intervention by the Reserve Bank of India was confirmed to Reuters by two bankers and two brokerage firms. The intervention on Monday was similar to recent sessions w...
RBI sells dollars as rising oil prices push rupee to near record low
RBI sells dollars as rising oil prices push rupee to near record low
Source: Reuters
3/10/2022 3:43:56 PM
India central bank may set cut-off yield on 10-year state bonds in 7.74%-7.77% band  Indian states will aim to raise an aggregate of 195 billion Indian rupees ($2.38 billion) on Monday through sale of bonds maturing in eight years to 25 years. The Reserve Bank of India may set cut-off yields for the 10-year bonds in the 7.74%-7.77% band, according to a Reuters poll of 14 traders. Note Quantum (in bln Median Min Max rupees) 8-year 40 7.71% 7.67% 7.75% 10-year 66 7.74%-7.77% 7.72% 7.80% 12 year-25 year 89 7.78%-7.82% 7.75% 7.90% ($1 = 81.7650 Indian r...
India central bank may set cut-off yield on 10-year state bonds in 7.74%-7.77% band
India central bank may set cut-off yield on 10-year state bonds in 7.74%-7.77% band
Source: Reuters
3/10/2022 11:41:29 AM
India`s RBI sells dollars as rupee hovers near record lows The Indian central bank likely sold dollars via state-run banks on Thursday as the rupee gave up most of its intraday gains and threatened to fall to new record lows, traders said. The intervention by the Reserve Bank of India was confirmed to Reuters by two bankers and a brokerage firm. The rupee was last trading at 81.92, almost flat from 81.94 in the previous session and within striking distance of the 81.95 record low. The local unit earlier in the day had risen to 81.5875. Th...
India`s RBI sells dollars as rupee hovers near record lows
India`s RBI sells dollars as rupee hovers near record lows
Source: Reuters
29/09/2022 4:11:33 PM
Maha, Delhi top defaulters as banks` dues mount to Rs 8.58 lakh crore As banks' outstanding dues shot up to a whopping Rs 8.58 lakh crore, Maharashtra and Delhi top the list of defaulters, as per the latest official data of TransUnion CIBIL Ltd. The figures show that as on March 31, 2022, there were 30,359 records of borrowers with defaults of Rs one crore and above, with recovery suits filed against them by various banks, totalling to outstanding of Rs 858,396.32 crore. This amount has more than tripled since March 31, 2017 -- from 17,236 accounts ...
Maha, Delhi top defaulters as banks` dues mount to Rs 8.58 lakh crore
Maha, Delhi top defaulters as banks` dues mount to Rs 8.58 lakh crore
Source: IANS
28/09/2022 3:19:35 PM
India`s RBI may opt for term repos over permanent liquidity infusion  India's central bank is unlikely to undertake any bond purchases or reduce the cash reserve ratio and may instead prefer to stick to term repo auctions to add funds to the country's banking system, analysts said. India's banking system liquidity slipped into deficit for the second time in one week on Tuesday. It dipped into deficit for the first time in nearly 40 months last week. "The RBI may look at conducting 14-day or 28-day term repos and not opt for any perm...
India`s RBI may opt for term repos over permanent liquidity infusion
India`s RBI may opt for term repos over permanent liquidity infusion
Source: Reuters
28/09/2022 2:17:36 PM
Central Bank of India surges on entering into strategic Co-Lending Partnership with lncred Financial Services Central Bank of India is currently trading at Rs. 18.45, up by 0.55 points or 3.07% from its previous closing of Rs. 17.90 on the BSE. The scrip opened at Rs. 19.00 and has touched a high and low of Rs. 19.00 and Rs. 18.10 respectively. So far 826057 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 25.15 on 30-Sep-2021 and a 52 week low of Rs. 16.10 on 16-Jun-2022. Last one week high and low of the scrip stood a...
Central Bank of India surges on entering into strategic Co-Lending Partnership with lncred Financial Services
Central Bank of India surges on entering into strategic Co-Lending Partnership with lncred Financial Services
Source: Accord Fintech
22/08/2022 11:16:21 AM
Central Bank of India surges on entering into strategic Co-Lending Partnership with lncred Financial Services Central Bank of India is currently trading at Rs. 18.45, up by 0.55 points or 3.07% from its previous closing of Rs. 17.90 on the BSE. The scrip opened at Rs. 19.00 and has touched a high and low of Rs. 19.00 and Rs. 18.10 respectively. So far 826057 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 25.15 on 30-Sep-2021 and a 52 week low of Rs. 16.10 on 16-Jun-2022. Last one week high and low of the scrip stood a...
Central Bank of India surges on entering into strategic Co-Lending Partnership with lncred Financial Services
Central Bank of India surges on entering into strategic Co-Lending Partnership with lncred Financial Services
Source:
22/08/2022 11:03:12 AM
Today's 50 bps hike sign RBI more concerned about rupee, external situation: SBI Ecowrap Mumbai, Aug 5 (IANS) With the Reserve Bank of India (RBI) on Friday raising the repo rate by 50 basis points to take it to pre-pandemic levels at 5.40 per cent, as the MPC seeks to bring inflation closer to the mid-point of 4 per cent, the SBI Ecowrap report said it indicates the central bank is concerned about the global situation. RBI retained CPI inflation projection for FY23 at 6.7 per cent, and the RBI Governor mentioned that this does not take into account the impact of monetary...
Today's 50 bps hike sign RBI more concerned about rupee, external situation: SBI Ecowrap
Today's 50 bps hike sign RBI more concerned about rupee, external situation: SBI Ecowrap
Source: IANS
5/08/2022 8:40:01 PM
India central bank``correc`` to use FX reserves to tackle rupee volatility: econ adviser  The Reserve Bank of India (RBI) is justified in using the country's foreign exchange reserves to smooth out volatility in the rupee's moves against the dollar, a member of the Economic Advisory Council said on Monday. "I think that the RBI is correct to use the FX reserves to smooth movement in the INR/USD... There is no point targeting a INR/USD level when USD is appreciating against all other majors," Sanjeev Sanyal told the Reuters Global Markets Forum (GMF) in a...
India central bank``correc`` to use FX reserves to tackle rupee volatility: econ adviser
India central bank``correc`` to use FX reserves to tackle rupee volatility: econ adviser
Source: Reuters
25/07/2022 1:59:10 PM
India central bank has zero tolerance for rupee volatility - Governor Das India's central bank has zero tolerance for volatile and bumpy movements in the rupee and will continue to engage with the foreign exchange market to ensure the rupee finds its appropriate level, its chief Shaktikanta Das said on Friday. The rupee has been hitting a series of record lows in recent weeks and broke past the psychological 80 per dollar mark earlier this week, prompting heavy dollar selling intervention from the Reserve Bank of India (RBI). "We have no particular l...
India central bank has zero tolerance for rupee volatility - Governor Das
India central bank has zero tolerance for rupee volatility - Governor Das
Source: Reuters
22/07/2022 11:12:45 AM
Factbox-India`s move on rupee settlements may help trade with Russia  India's central bank this week introduced a new mechanism for international trade settlements in rupees, aiming to promote exports and facilitate imports. Besides promoting international use of the local currency, many exporters and economists see the measure as a way to promote trade with countries that are under Western sanctions, such as Russia and Iran. Moscow has been discussing with India, Iran, Egypt and some other countries ways to remove dollars and euros from commerc...
Factbox-India`s move on rupee settlements may help trade with Russia
Factbox-India`s move on rupee settlements may help trade with Russia
Source: Reuters
13/07/2022 5:30:33 PM
Latest India cbank moves to stabilise rupee face many economic hurdles The Indian central bank's moves to liberalise foreign exchange inflows are unlikely to offer much immediate support to the floundering rupee as inflation pushes higher and the current account deficit threatens to balloon towards multi-year highs. The Reserve Bank of India announced a slew of measures on Wednesday to bring in a fistful of dollars, including allowing overseas investors to buy short-term corporate debt and opening of more government securities under the fully accessible r...
Latest India cbank moves to stabilise rupee face many economic hurdles
Latest India cbank moves to stabilise rupee face many economic hurdles
Source: Reuters
7/07/2022 4:04:36 PM
India cenbank chief confident of ensuring soft landing for the economy MUMBAI - India's central bank is confident of exiting from ultra-loose monetary policy smoothly and ensuring a soft landing for the economy, Governor Shaktikanta Das told a banking event on Friday. Das "truly and sincerely" believes the Reserve Bank of India ws in sync with the requirements of the economy, he said at the event organised by the Financial Express newspaper.  
India cenbank chief confident of ensuring soft landing for the economy
India cenbank chief confident of ensuring soft landing for the economy
Source: Reuters
17/06/2022 11:37:52 AM
India consumer price inflation hits eight-year high on food, energy costs NEW DELHI  - Rising food and energy prices pushed India's annual retail inflation up towards an eight-year high in April, strengthening economists' view that the central bank would have to raise interest rates more aggressively to curb prices. Consumer prices have increased around the world as Russia's invasion of Ukraine pushed up crude oil and food grain price rises to record highs, prompting many central banks to raise interest rates. Consumer price index-based infla...
India consumer price inflation hits eight-year high on food, energy costs
India consumer price inflation hits eight-year high on food, energy costs
Source: Reuters
12/05/2022 7:24:08 PM
India's central bank likely to raise inflation projection in June meeting, consider more rate hikes NEW DELHI - India's central bank is likely to raise its inflation projection for the current fiscal year at its June monetary policy meeting and will consider more interest rate hikes, a source aware of the development said on Wednesday. In its first rate move in two years and its first hike in nearly four, the Reserve Bank of India (RBI) raised the repo rate by 40 basis points (bps) to 4.40% following a emergency meeting earlier this month. In April, RBI raised its inflation foreca...
India's central bank likely to raise inflation projection in June meeting, consider more rate hikes
India's central bank likely to raise inflation projection in June meeting, consider more rate hikes
Source: Reuters
12/05/2022 8:07:37 AM
India wants cenbank to lower bond yields -government source NEW DELHI  - India has asked its central bank to either buy back government bonds or conduct open market operations to cool yields that have hit their highest since 2019, as inflation risks push foreign investors to sell, a government source told Reuters on Monday. The 10-year benchmark bond ended at 93.69 rupees on Monday, yielding 7.46%, after earlier reaching a high of 7.49%. "The discussion with the RBI (Reserve Bank of India) is at an advanced stage as current yields are ...
India wants cenbank to lower bond yields -government source
India wants cenbank to lower bond yields -government source
Source: Reuters
9/05/2022 8:16:27 PM
India's cenbank raised rates fearing 'shocker' April inflation - source MUMBAI  - India's central bank hiked its key lending rate in a surprise move on Wednesday fearing "shocker" inflation numbers for April, a person aware of the matter said, adding the ultimate aim is to reverse its pandemic-era ultra-loose rate regime. The Reserve Bank of India (RBI) raised the repo rate by 40 basis points to 4.40%, in its first rate move in two years and its first rate hike in nearly four years. "It looked imminent that the April (inflation) numb...
India's cenbank raised rates fearing 'shocker' April inflation - source
India's cenbank raised rates fearing 'shocker' April inflation - source
Source: Reuters
5/05/2022 8:09:49 PM
India central bank focussed on growth, seen lagging on inflation fight MUMBAI - Inflation is picking up in India, but the country's central bank is likely to maintain its loose policy even as its global peers raise rates, potentially forcing it to play catch-up aggressively later, economists and analysts say. This view represents a shift in expectations, as market participants say the Reserve Bank of India is concerned that Russia's invasion of Ukraine is damaging the global economy and India's recovery prospects, not just boosting prices. ...
India central bank focussed on growth, seen lagging on inflation fight
India central bank focussed on growth, seen lagging on inflation fight
Source: Reuters
1/04/2022 9:18:16 AM