Page 12 - Rbi

Economic activity cools down in Jan amid slowdown fears, exports fell 6.58%

The Reserve Bank of India, which has raised borrowing costs six times since May to 6.50%, is seen increasing interest rates again in its April review amid inflation topping estimates

G20 meeting: India to showcase its success in the digital economy

Discussions expected on debt of poor nations, multilateral institution reforms

Domestic ESG-focused firms performed better than global peers: RBI

Large listed domestic companies with an active ESG (environmental, social and governance) framework have performed better than their broad market counterparts even during extreme market events like the pandemic shocks, says an RBI study. The RBI study of 18 economies with such frameworks, indicate that investors reward pro-climate and pro-socially oriented companies. The analysis is based on the 10 emerging countries of Brazil, China, India, Indonesia, South Korea, Malaysia, Russia, South Africa, Taiwan, and Thailand; and the eight advanced economies of Australia, Britain, Canada, Hong Kong, Japan, Sweden, Switzerland, and the US. The ESG study based on the Morgan Stanley Capital International (MSCI's) ESG indices is published in the February bulletin of the Reserve Bank. The study noted that the ESG leaders' indices have outperformed the broad indices for most of the countries in the sample, and the outcomes are based on these numbers from 2010 when the ESG concept began to gather

Difference between rise in median MCLR, term deposits crosses 40 bps

Interest rates on fresh deposits have moved up faster than fresh loans

Top headlines: RBI to frame norms for GIFT, India loses 2.02 mn taxpayers

Business Standard brings you the top headlines at this hour

Reserve Bank of India, IFSCA likely to frame fresh norms for GIFT City

The finance minister has announced ways to make regulations and clearances for GIFT City streamlined

Outward remittance in April-December almost equal to FY22 figure: RBI

In FY22, outflows under the LRS scheme at $19.61 billion was an all-time high

G-Sec auction lands on underwriters' books after 5 months; 10-yr yield up

As worries deepen for inflation in India, 10-year yield jumps and swaps reflect more rate hikes

India's foreign exchange reserves post biggest weekly fall in 10 months

RBI likely sold dollars to shield rupee amid Fed hike concerns

RBI net bought dollar in forex market for second month in December

From June to October, the central bank sold dollars every month

Monetary policy stance must remain disinflationary, says RBI report

Says GDP growth will receive 15 bps boost from tax cuts

Uncertainty on US Fed's stance, actions can impact demand in India: RBI

The uncertainty around the actions and stance by the US Federal Reserve will have a detrimental impact on the aggregate demand in India, a paper written by Reserve Bank of India executives said on Friday. Making it clear that the article published in the monthly bulletin does not represent the RBI views, the paper also asked major central banks to be circumspect on their actions and communication, saying the same have a bearing on emerging markets. Changes in the monetary policy stance of the US Federal Reserve tend to impact the Indian economy, altering domestic output and inflation, it said. "Heightened uncertainty around the stance and actions of the US Federal Reserve is estimated to reduce aggregate demand in the Indian economy," the paper added. The country's economic growth is widely expected to decline to 6 per cent or even lower in FY24. The US Fed has been hiking interest rates to record levels in order to cool inflation. The paper termed cross-border transmission of ...

RBI may consider priority sector status to green hydrogen projects

The Department of Financial Services on Friday held a meeting, seeking suggestions for easing of financing provisions for the projects being taken up under the National Green Hydrogen Financing

RBI issues final guidelines on interest rate risk in banking book

The Reserve Bank on Friday issued final guidelines on Interest Rate Risk in Banking Book which require banks to measure, monitor, and disclose their exposure to IRRBB that may impact the capital base and future of earnings of lenders. IRRBB refers to the current or prospective risk to banks' capital and earnings arising from adverse movements in interest rates that affect its banking book positions. Excessive IRRBB can pose a significant risk to banks' current capital base and/or future earnings. "These guidelines, accordingly, require banks to measure, monitor, and disclose their exposure to IRRBB," the RBI said in a circular. The final guidelines on IRRBB are in alignment with the revised framework issued by the Basel Committee on Banking Supervision (BCBS). The RBI further said the date for implementation of the guidelines will be communicated in due course. "Banks are advised to be in preparedness for measuring, monitoring, and disclosing their exposure to interest rate risk i

RBI issues draft norms for lending and borrowing of government securities

The Reserve Bank of India on Friday came out with draft norms for lending and borrowing of government securities with wider participation in the securities lending market. Earlier this month, the RBI proposed introduction of securities lending and borrowing in government securities (G-secs) with an aim to facilitate wider participation in the securities lending market by providing investors an avenue to deploy idle securities and enhance portfolio returns. "Government Securities Lending (GSL) transactions shall be undertaken for a minimum period of one day and a maximum period of ninety days," said the draft Reserve Bank of India (Government Securities Lending) Directions, 2023. It has invited comments from banks, market participants and other interested parties by March 17, 2023. The draft said government securities issued by the central government excluding Treasury Bills would be eligible for lending/borrowing under a GSL transaction. Government securities issued by the central

RBI likely sold dollars in NDF market to keep rupee stronger: Bankers

Two of the bankers said that the RBI had been selling dollars in the NDF market prior to the opening of the onshore over-the-counter markets

India's forex reserves post biggest weekly decline in over 11 months

The reserves stood at a one-month low of $566.95 billion at the end of last week, down from $575.27 billion at the end of the prior week, during which it fell 1.5%

RBI may be selling dollars in NDF to keep rupee above 83/USD: Bankers

The central bank's move to sell dollars in the NDF before the open was likely aimed at ensuring that rupee does not fall below 83, the bankers said

Liquidity likely to veer towards neutral after three years of surplus

Future scenario hinges on forex market, govt spending, credit growth

Adani Group denies reports of hiring Grant Thornton for audits amid crisis

Adani Group | Grant Thornton: Media reports suggested that embattled Adani Grpup had appointed accountancy firm Grant Thornton for an independent audit of a few of its companies in a bid to come clean