The Reserve Bank of India has proposed a new investment category called Fair Value through Profit and Loss Account (FVTPL) for banks as part of a overhaul of classification, valuation and operations of banks’ investment portfolios. In a discussion paper RBI said banks’ held for trading (HFT) portfolio will be housed within the nee FVTPL … Read more
While the Omicron variant-led third wave of Covid-19 in India might be around for a shorter duration, it may mildly increase the inflationary pressures and may cause a delay in a reverse repo rate hike from February to April, research firm Nomura wrote. Research shows that the Indian economy has entered the third wave in … Read more
The pandemic may have actually led to reverse migration, though the jury is still out on whether there is a positive impact on rural demand and growth. The number of very small ticket business loans rose 100 percent since the pandemic ( FY’19-21), while retail loans rose 30 percent, data from credit bureau CRIF High … Read more
The government on Wednesday permitted qualified jewellers to import certain kinds of gold including certain unwrought forms through India International Bullion Exchange IFSC Ltd. The changes were notified by the Directorate General of Foreign Trade (DGFT) in its amendment in the gold import policy. “In addition to nominated agencies notified by RBI (in case of … Read more
The Reserve Bank of India offered a dedicated window for bond houses, known as primary dealers (PDs), through which they can exchange illiquid securities acquired through the Retail Direct platform with liquid papers. The move should encourage them to participate in the first ever platform for individuals, who are willing to invest in sovereign bonds … Read more
Foreign-owned assets in India increased by USD 37.3 billion in the September quarter while Indian residents’ overseas financial assets rose by USD 31.9 billion during the same period, RBI data showed on Friday. According to India’s International Investment Position (IIP), the liabilities stood at USD 1,258.9 billion during the July-September quarter as compared to USD … Read more
In addition to trade deficit, higher repatriation of investment income also contributed to the current account deficit in the latest The current account – the sum of import and export of goods and services- in the balance of payments ended in a deficit of $ 9.6 billion or 1.3 per cent of GDP during the … Read more
Thursday raised Rs 2,600 crore via certificate of deposits (CDs) as it creates a buffer of additional liquidity against unforeseen withdrawals even though it has excess liquidity of about Rs. 15,000 crore. The move is also aimed at demonstrating investor confidence in the bank where a change of guard on Christmas Day was immediately preceded … Read more
While investment and credit companies (ICC), the largest segment of NBFCs, showed subdued asset growth, infrastructure finance companies (IFCs) – a segment dominated by PSU NBFCs –decelerated in the first half of FY22. Source link
US headline inflation surging to its highest since 1982, to 6.8%, in November 2021 has been an eye-opener. The post-pandemic world has notably changed. When Covid-19 broke out rapidly throughout the world in the initial phases of the pandemic, countries imposed stringent lockdowns to manage the burden on their healthcare infrastructure. While this led to … Read more