Page 8 - Rbi

A good night's sleep for both banks and Reserve Bank

Believe it or not, the regulator is even stretching its arm to identify stressed borrowers and gauge the "distance to default" as a measure of a particular bank's fragility

Self-regulation useful tool for setting rules for fintechs: RBI's M K Jain

The central bank's deputy governor says RBI has endeavoured to find a middle ground trying to balance between the innovation brought by fintechs and the unique risk they introduce

Foreign exchange reserves snap 4-week falling streak, grow by $1.5 bn

RBI's foreign currency assets up $1.2 billion to $497.1 bn last week

RBI repo undersubscribed but banks brace for volatile month-end liquidity

Central bank expected to conduct more variable rate repos towards end of financial year

Uttar Pradesh govt's public debt estimated to touch Rs 7.84 trillion

The estimated public debt of Rs 7.84 trillion exceeds the UP Annual Budget of Rs 6.90 trillion by Rs 94,000 crore or nearly 14 per cent

Worrisome to see no transparency in forex fees for small players: RBI's Rao

Foreign Exchange Dealers' Association should take lead in safeguarding customers against fraud platforms: Deputy Governor

RBI to hold 14-day variable rate repo auction for Rs 1 trillion on Friday

The sharp squeeze in liquidity has pushed up money market rates, with the 364-day treasury bills selling at yields above the 10-year paper's on Wednesday

Need better rupee management to deal with internationalisation: RBI Dy Guv

India needs to gear up to manage the exchange rate volatility as the country progresses on the path of internationalisation of rupee and freer capital account convertibility, according to Reserve Bank Deputy Governor M Rajeshwar Rao. He also said that internationalisation of rupee has its own benefits as well as challenges and risks which the country and the Reserve Bank of India (RBI) will have to deal with. Delivering the keynote address at the 17th FEDAI conference at Cairo on Sunday, Rao said as the economy grows and becomes more developed, the scope of participation in foreign exchange markets would change. "With the increasing integration of the economy with the rest of the world, more and more entities are likely to, directly or indirectly, get exposed to foreign exchange risks. There are likely to be demands for permitting hedging of economic exposures," he said. A whole new market with a new set of market participants has opened up, with banks in India being allowed to ...

Balance sheet comfort may allow RBI to let rupee appreciate: Citi

Citi estimates the RBI's gross forex sales in the first nine months of fiscal 2023 at $189 billion against $96 billion in the whole of fiscal 2022

Treasury yield curve inverts: What it means and what does it signal?

Yield curve inversion suggests that the market is becoming more pessimistic about the economic prospects for the near future

India must prepare to curb volatility risks of int'l rupee: RBI deputy gov

An international currency is one that is freely available to non-residents, essentially to settle cross-border transactions, and in the case of the rupee, this will be achieved by promoting it An inte

Industry's share of non-food bank credit hits record low of 26.6%

Economists at India Ratings blamed the recent surge in interest rates

Is it time to move away from equities and focus on debt? What analysts say

US Fed chair Jerome Powell has reiterated that the Federal Open Market Committee (FOMC) is likely to raise rates further than previously anticipated

Credit card outstanding rises 29.6% to reach record high level in Jan

RBI data showed that credit card outstanding in January 2023 stood at Rs 1,86,783 crore as against Rs 1,41,254 crore in January 2022

Is India's economy really 'dangerously close' to Hindu rate of growth?

Economists have a different view on Raghuram Rajan's apprehensions

Bond traders request RBI to shift to multiple price auctions of govt debt

In a uniform price auction, traders are wary of bidding at price levels that are way off the prevailing price of a bond in the secondary market

India is dangerously close to Hindu rate of growth, says Raghuram Rajan

Sounding a note of caution, former Reserve Bank Governor Raghuram Rajan has said that India is "dangerously close" to the Hindu rate of growth in view of subdued private sector investment, high interest rates and slowing global growth. Rajan said that sequential slowdown in the quarterly growth, as revealed by the latest estimate of national income released by the National Statistical Office (NSO) last month, was worrying. Hindu rate of growth is a term describing low Indian economic growth rates from the 1950s to the 1980s, which averaged around 4 per cent. The term was coined by Raj Krishna, an Indian economist, in 1978 to describe the slow growth. The Gross Domestic Product (GDP) in the third quarter (October-December) of the current fiscal slowed to 4.4 per cent from 6.3 per cent in the second quarter (July-September) and 13.2 per cent in the first quarter (April-June). The growth in the third quarter of the previous financial year was 5.2 per cent. "Of course, the optimists w

Inspection & supervision: RBI dons new clothes

The Reserve Bank has not changed the objectives of supervision but how it supervises the system. And, the change is dramatic

Top headlines: India Inc commits Rs 11.87 trn to AP, RBI fines Amazon Pay

Business Standard brings you top headlines at this hour

Foreign exchange reserves fall $325 million in a week to $560.94 billion

Following sharp increases in the reserves in November and December, the RBI's kitty has been declining for the past few weeks