India’s external debt rose modestly by 2.7 percent to $629 billion as of end June over the same period a year ago as NRI deposits picked up, with other major components almost remaining flat over the period according to the preliminary numbers released by the Reserve Bank. NRI deposits as reflected in debt from “Deposit-taking … Read more
Mumbai: The Reserve Bank of India (RBI) on Thursday proposed sweeping changes in norms concerning wilful defaulters, defining them as someone who has an outstanding amount of Rs 25 lakh and above and has refused to repay despite having the capacity to pay. RBI has sought comments on the new draft master direction that proposes … Read more
The Reserve Bank of India on Wednesday asked Credit Information Companies (CICs) to prepare data quality index for commercial and microfinance segments. In June 2014, the RBI had issued directions for setting out a common Data Quality Index (DQI) for assessing the quality of data submissions by Credit Institutions (CIs) to CICs, and improving them … Read more
Mumbai: Liquidity in the banking system has slipped into its deepest deficit in almost six months, inflating borrowing costs, as outflows due to corporate advance taxes and the Reserve Bank of India’s likely actions to stabilise the rupee have drained lenders of funds. As of September 16, the RBI infused ₹68,785.94 crore into the banking … Read more
Mumbai: Even as easing vegetable prices have brought down retail inflation, risks are emerging from the global commodity markets as crude oil ruling above $90 per barrel poses a challenge, the latest state of the economy report published in the Reserve Bank of India bulletin said. On a positive note, economists from the Reserve Bank … Read more
The Sovereign Gold Bond Scheme 2023-24 – Series II which opened for subscription on Monday, September 11 will close on Friday, September 15. Source link
“Real estate, after a 10-year down cycle, over the last one year we have seen real estate attraction picking up in the broader market and the stocks are also doing well,” says Ajay Bagga, Market Expert.We saw the broader market indices, they are at record highs and pockets like sugar, defence, they have been quite … Read more
Mumbai: The Reserve Bank of India (RBI) has been making informal inquiries with select bond market participants about the impact of allowing settlement of domestic sovereign debt on the Euroclear platform, a move that experts believe would help expand the overseas investor base for local debt and eventually lower borrowing costs through inclusion of these … Read more
RBI Governor Shaktikanta Das-headed Sub-Committee of the Financial Stability and Development Council (FSDC-SC) on Monday resolved to remain vigilant against any build-up in vulnerabilities in the financial system as well as in the broader economy amid uncertain global environment. With a view to strengthening and institutionalising the mechanism for maintaining financial stability, enhancing inter-regulatory coordination … Read more
Mumbai: Bajaj Housing Finance, the home finance subsidiary of Bajaj Finance, has sought more time from the Reserve Bank of India (RBI) to list on the local stock market, arguing that the October 2025 deadline is too soon for a housing finance company (HFC) that is just five-and-a-half years old. The request was made during … Read more