10-year paper priced at 7.51%, or about 17 bps above benchmark g-sec yield
Technology changing how Indians make payments; trend will help monetary transmission: SBI Research
The challenge before the banking system is how to keep the net interest margin healthy in a rising interest rate cycle
The fall in the liquidity surplus is owing to multiple factors, including the RBI's interventions in the forex market and a sharp pick-up in bank credit growth, which is currently at nine-year highs
According to SBI's website, the interest rate on US dollar category deposits with maturities up to 2 and 3 years are up by 85 basis points to 2.85 per cent and 3 per cent
The Reserve Bank of India (RBI) hiked the benchmark interest rate, or repo rate, in May and then in June to control demand and liquidity in the economy
FY23 inflation projection may go above 6%; liquidity steps anticipated
Loan growth could be better than in previous fiscal
In the last policy meeting in April, the monetary policy committee (MPC) of the RBI had shifted its focus to tackle the rising inflation in India after the Russian invasion of Ukraine
RBI watchers call for a CRR hike to support OMOs
The RBI has calendarized its VRRR auction and stands ready to enhance its duration. This is the first sign of preparing the market for an eventual increase in the reverse repo rate.
Feedback on banking licence terms may be given to RBI in a fortnight
The repo rate has come down by 75 basis points to 4.4 per cent, while the reverse repo rate has been lowered by 90 basis points to 4 per cent now
This means that banks will not be needed to make additional cash reserve ratio against any incremental loans disbursed to the targeted segments
Is it time to review the need to maintain CRR funds with the central bank?