Bond issuances by banks to fall below Rs 90,000 cr in FY24: Report Bond issuances by banks may fall below Rs 90,000 crore in FY24 due to easing liquidity conditions, rating agency ICRA has said in a report. Banks issued a record Rs 1.1 trillion bonds in FY23. “…combined issuances by banks and AIFIs touched a high of Rs. ...

RBI’s efforts to drain liquidity signal its intent to quash inflation RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement MPC lowers projection for inflation, raises growth outlook a bit in FY24 RBI Monetary Policy: Repo rate up by 25 bps, ...

Safe Deposit Locker : All your queries on opening a bank locker answered The Reserve Bank of India (RBI) has extended the deadline for banks to complete the process of renewal of agreements for existing safe deposit lockers in a phased manner by December 31, 2023, with intermediate milestones of 50 per cent by June 30, 2023, and 75 per ...

RBI MPC: Book FDs at high interest rates before they start to dip as RBI MPC is expected keep repo rate unchanged [ad_1] Is the era of rising interest rates on fixed deposits (FDs) coming to an end? Only time will tell but there is a chance that we are quite close to the peak rate of fixed deposits in ...

Sidbi signs MoU with HDFC Bank to offer financial solutions to MSMEs State-owned Small Industries Development Bank of India (SIDBI) has entered into a Memorandum of Understanding (MoU) with HDFC Bank for providing financial solutions to MSMEs. Under the MoU, SIDBI and HDFC Bank will work together to provide complete financial product and services to the customers under ...

How a repo rate hike/cut impacts your home loans and EMIs The Reserve Bank of India is expected to keep the repo rate unchanged at 6.50% on Thursday, for a second straight month, signaling that inflation could cool further in the months ahead.  But how does a repo rate hike impact your home loan EMIs?   The central bank ...

RBI monetary policy committee begins deliberations on finalising key rates The Reserve Bank of India’s rate-setting monetary policy committee (MPC) on Tuesday began its three-day long deliberations on deciding the key repo rates. The panel will announce, on June 8, its decision whether to hold the rates (which it had done during it’s previous meeting in April) or ...

RBI expected to pause again with markets watching for shift in stance By Anup Roy and Subhadip Sircar The Reserve Bank of India is expected to pause for a second straight month as inflation eases and market watchers are looking for cues of a shift in policy stance to support growth in Asia’s third largest economy.  All 40 ...

Visits to banks, physical presentation of documents can be avoided: Report High-balance bank accounts without updated KYC under govt’s radar No need for customers to visit bank branches for re-KYC, says RBI RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement ...

Banks can offer NDF contracts to resident Indians for hedging: RBI MUMBAI (Reuters) – India’s central bank has issued rules allowing banks to offer non-deliverable forward contracts involving the rupee to resident Indians. These contracts can be issued to non-retail residents for hedging purposes and settled in Indian rupees, the Reserve Bank of India said in a notification. ...