Finance News

Rainfall deficit wider and outcomes worsening: CRISIL's DRIP Index Six kharif crops at risk

RBI may extend incremental cash reserve ratio with tweaks: Bankers “The I-CRR is acting as an indirect rate hike and, at best, the RBI could lower the limit taking into consideration tax outflows,” a senior treasury official at a private bank said

RBI plans to widen use of wholesale CBDC in call money market: Official 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 transactions a day by the end of 2023

RBI committed to bring down inflation to 4%: Governor Shaktikanta Das The central bank has been mandated by the government to keep inflation at 4 per cent with a margin of 2 per cent on either side

Credit market on course to grow to $350 billion by year-end: Vivek Joshi Financial Services Secretary Vivek Joshi on Tuesday said the credit market, led by the digital lending segment, is on course to grow to USD 350 billion (around Rs 3 lakh crore) by the end of the year. The digital lending segment stood at USD 270 billion at ...

Govt may not issue green bonds this fiscal due to lack of premium “The government is not very keen to issue green bonds because of a lack of premium for such issuances. It had hoped for over 20 basis points of premium in the first auction,” said the official

Rupee depreciates 13 paise to 82.84 against US dollar in early trade The rupee depreciated 13 paise to 82.84 against the US dollar in early trade on Tuesday amid the withdrawal of foreign funds from domestic equities and firm crude oil prices. Positive sentiment in the equity markets failed to provide support to the Indian currency facing pressure due to ...

Monetary policy, rate transmission are asymmetric, says SBI report In comparison, the shorter tenure – 3-year AAA corporate bond has seen a 31 basis points decline in spread as the market is unlikely to have factored in adequate risk premium

Cross border payments continue to be high cost, low speed: RBI governor He further added that there are more than 70 mobile apps and more than 50 million merchants who accept UPI payments

Punjab & Sind Bank plans to raise Rs 250 crore via QIP in third quarter State-owned Punjab & Sind Bank plans to raise Rs 250 crore through share sale to institutional investors in the third quarter of the current fiscal. “The bank has got approvals for capital raising of Rs 250 crore via Qualified Institutional Placement (QIP) in the next ...