Treasury officials also cited an increasingly uncertain global situation as a key factor that had dampened demand for bonds
If a person took a 20-year home loan of Rs 50 lakh in April 2019, their number of EMIs will now be 60 more than the original because of the recent repo rate hikes
India Inc's foreign commercial borrowings in August this year rose by nearly 4.6 per cent to USD 2.98 billion, according to the RBI data. In August 2021, the Indian businesses borrowed USD 2.85 billion in the form of external commercial borrowings. Of the total borrowings in August this year, over USD 2.47 billion was through the automatic route of raising funds from foreign sources. While more than USD 502.79 million was raised by way of issuing rupee denominated bonds (RDBs) or masala bonds. Among the major borrowers include mortgage lender HDFC Ltd USD 1.1 billion for the purpose of sub-lending; FS India Solar Ventures USD 500 million for a new project; Fullerton India Credit Co Ltd USD 350 million for sub-lending and Toyota Financial Services USD 50 million for refinancing of Rupee loans. Among others, IIFL Finance raised USD 50 million for refinancing of earlier ECB; Tata Sia Airlines raised USD 36 million for import of capital goods; Flender Drvies USD 31.37 million for worki
According to RBI data, bank credit grew at 16.2% YoY as on September 9, while deposits were up by 9.5%
Company raised $22 million in funding in March earlier this year at a valuation of $120 million
Tata Sons will have to appoint a new chief compliance officer (CCO)
The hike in lending rates shall be applicable to home loans and consequently, equated monthly instalment payments made by customers.
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
India's factory growth dipped to a three-month low in September due to a moderation in demand and output, despite easing inflationary pressures and strong business confidence
OTP-based consent requirement for delayed activation will safeguard users against false applications, unwanted cards
In 2019, when retail inflation was 3%, the policy rate was 5.75%. Now inflation hovers around 7% and the policy rate is 5.9%. It needs to move up
By raising the repo rate, the RBI has sacrificed growth and investment to try and contain inflation, which even the government says, has been driven by external factors
Central bank's rate hike and easing dollar index lend support to domestic currency
Inflation target retained at 6.7%; trajectory remains uncertain: Governor
Das reiterated on Friday the RBI does not target any particular level for the domestic exchange rate and only intervenes in the market to smoothen out excessive volatility
With low NPAs and high provisions, time ripe for global standards: Bankers
Das says RBI won't make public the communication on failure of achieving target to govt
HDFC, although qualified to be in the upper layer, has been kept out of the list as it is merging with HDFC Bank
The Reserve Bank of India (RBI) on Friday pared its growth forecast for FY23 to 7 per cent from 7.2 per cent estimated earlier
'Net LAF continues to be in surplus for the past two years, except for 2-3 days when because of SLF for the primary dealers it became deficit'