Aparna Iyer

RBI buys over one-year forward $ to limit swap outflow impact in 2016

The Reserve Bank of India (RBI), perhaps for the first time in many years, has booked dollar/rupee forwards exceeding one-year tenure of up to $3.04 billion during July and August, data from the central bank showed.

RBI buys over one-year forward $ to limit swap outflow impact in 2016

How payments banks will change India’s banking landscape

Payments banks will alter the way transactions are carried out but they will complement banks, not compete with them

Banking & Finance News

Overdraft on Jan Dhan a/cs low for want of balance

43% of accounts opened under scheme don’t have any balance

Overdraft on Jan Dhan a/cs low for want of balance

SBI homes in on staff to boost loan growth

Sanctions Rs 9,500-cr loans through staff referrals in 5 months

SBI homes in on staff to boost loan growth

Raghuram Rajan: The man with a plan

Reserves are at a record high of $355 billion, the CAD is a mere 0.2% of GDP and consumer inflation is sub 4%, as Raghuram Rajan completes two years as governor of Reserve Bank of India...

RBI RAGHURAM RAJAN News

Market rout sees resurgence of NDF influence on rupee

The global market rout over the last two sessions has brought back the influence of offshore dollar/rupee rates on the onshore exchange rate...

Market rout sees resurgence of NDF influence on rupee

For first time, RBI board meets sans finance secy

The board of the Reserve Bank of India (RBI) met on Thursday and probably, for the first time, it was not the finance secretary...

For first time, RBI board meets sans finance secy

Yuan devaluation may derail RBI’s debt limit easing plan

Rupee declines most in 2 months, could force RBI hand on dollar buying

Yuan devaluation may derail RBI’s debt limit easing plan

Bonds Market: Not the first choice just yet

The biggest stumbling block to boosting liquidity is that insurance companies and pension funds hold on till maturity

Bonds Market: Not the first choice just yet

India moves in as euro zone lags, emerges top buyer of US bonds

India has emerged as the top buyer of US treasury paper with aggregate holdings growing 63% y-o-y as of May-end as RBI seems to have invested the entire increase in foreign exchange reserves into US bonds.

India moves in as euro zone lags, emerges top buyer of US bonds

Gold at five-year low could drag value of RBI holdings by 32%

At the current price of gold, the value of the RBI gold reserves could be $19.5 billion. This would be sharply lower than valuation peak of $28.66 billion

Gold at five-year low could drag value of RBI holdings by 32%

India Inc’s debt a burden for Reserve Bank of India

Overseas borrowings of companies excluding those of financial institutions and foreign investors' holdings of onshore rupee bonds rose 40% in FY15 to $25.36 billion and by 79% over the last five years.

Indian rupee vs US dollar News

Farm NPAs may rain on banks’ parade

It is still too early to rejoice on the strong monsoon as the key months, July and August, need to see adequate rainfall for a robust kharif output, say bankers

Farm NPAs may rain on banks’ parade

‘Markets reacted to RBI hawkish guidance rather than rate cut’

On the back of a rather hawkish guidance from the RBI, B Prasanna, MD&CEO, ICICI Securities Primary Dealership, expects only one rate cut, at best, in 2015-16.

‘Markets reacted to RBI hawkish guidance rather than rate cut’

NPAs may hit Rs 8 lakh cr by fiscal end

Stressed assets of Indian banks could stand at an outstanding Rs 8 lakh crore by the fiscal end and a large part of this would have gone bad given that corporate balance sheets continue to be highly leveraged and profitabilit

NPAs may hit Rs 8 lakh cr by fiscal end

Indian banks have to clean up their balance sheets: RBI Guv Raghuram Rajan

Reserve Bank of India (RBI) governor Raghuram Rajan is clear the forbearance regime has ended and asserts the central bank is unlikely...

Raghuram Rajan News

On rate transmission, Rajan won’t take no for answer

The RBI came down heavily on banks for a second time in quick succession, prodding them to cut lending rates and clean up their balance sheets of troubled assets or make requisite provisions. Governor Raghuram Rajan said bank

On rate transmission, Rajan won’t take no for answer

Banks not keen on cutting deposit rates further as govt schemes hurt

With the lowest deposit growth in half a century as a backdrop, banks want to avoid cutting deposit rates...

indian rupee vs us dollar News

PSBs eye retail, SME segments for FY16 credit offtake recovery

Top public sector banks are betting on small businesses and individual borrowers for a revival in credit offtake in 2015-16 too...

PSBs eye retail, SME segments for FY16 credit offtake recovery

Strengthening of banks key for sovereign rating upgrade: Atsi sheth

Calling the banking sector the weakest link, senior vice-president – Sovereign risk group at Moody’s Investors Service Atsi Sheth...

Strengthening of banks key for sovereign rating upgrade: Atsi sheth

Outstandings rise 22% as e-com drives credit card business

Credit card outstandings jumped 22% in FY15, after slumping in the previous fiscal, as a growing e-commerce industry propelled...

Outstandings rise 22% as e-com drives credit card business

UAE Exchange builds loan portfolio of Rs 500 cr

Indian arm of global remittance and foreign exchange company UAE Exchange has built a loan portfolio of Rs 500 crore...

UAE Exchange builds loan portfolio of Rs 500 cr

We may borrow Rs 2,000 cr via public issue in July: Umesh Rewankar

Shriram Transport Finance expects non-perfoming loans as a percentage of advances to rise further in April-June...

We may borrow Rs 2,000 cr via public issue in July: Umesh Rewankar

Dollar loans rise, but hedging doesn’t

ECBs jump massive 92% in five years, but largely unhedged

Reserve Bank of India News

By allowing offshore rupee bonds, RBI gives an unlikely boost to NDF

The Reserve Bank of India's move to allow Indian companies to issue rupee bonds overseas has the potential to give an unintended boost to the...

By allowing offshore rupee bonds, RBI gives an unlikely boost to NDF

Firms draw comfort from stable rupee, unwilling to hedge forex loan

Despite warnings by the Reserve Bank of India and proding by banks, most companies are still keeping their foreign currency...

Firms draw comfort from stable rupee, unwilling to hedge forex loan

Forex reserves at all-time high, but far from pre-crisis adequacy levels

India’s foreign exchange reserves, at an all-time high currently, are still far off from pre-crisis adequacy levels, which, perhaps, is the reason the Reserve Bank of India...

Forex reserves at all-time high, but far from pre-crisis adequacy levels
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