Jun 19, 2019, 06.03 AM IST
Stock Analysis, IPO, Mutual Funds, Bonds & More

RBI to infuse Rs 12,500 crore liquidity through bond purchases

RBI would purchase five government bonds under open market operations (OMOs) on June 20.

RBI to examine concerns over data localisation rule: Government

RBI last year mandated companies to store their payments data "only in India" so that the regulator could have "unfettered supervisory access".

RBI may cut rates by another 25 bps in 2019: Fitch

The Reserve Bank of India (RBI) cut the repo rate to 5.75% on June 6, its third cut in 2019.

C sets up panel under UK Sinha to study MSMEs

The committee will suggest long-term solutions for the economic and financial sustainability of the micro, small and medium enterprises, RBI said in a statement, adding the panel will submit the report by the end of June.

RBI committed to make NBFC sector financially resilient & robust: Governor

RBI will not hesitate to take any required steps to maintain financial stability, Das said.

Govt should invest in infra and rural, cut corporate tax: VS Parthasarathy, M&M

“Once this cycle turns, we can look for a lot of upside in coming months and quarters.”

Goyal asks companies to submit concerns on draft e-commerce policy in 10 days

The issue was discussed during a meeting between the minister and representatives of e-commerce and technology industry.

View: Budget must outline more banking reforms

Govt must ownership of all banks in a single holding company and leave it to appoint the PSB boards.

RBI gets a new executive director

​Mishra has been serving RBI for about 30 years now. He has been associated with many research papers.

PM Narendra Modi meets key secretaries to finalise 100-day agenda

Modi is likely to have discussed the reforms road map for every department with a view to making it easier to do business in the country and boost economy.

Aditya Birla Sun Life Mutual Fund launches Pharma & Healthcare Fund

The scheme can also invest in equities of listed overseas companies, in line with the RBI and SEBI guidelines.

Top pvt sector banks cut interest rates on deposits by up to 0.25%

Generally, an interest rate cut in deposits is seen as a precursor to a lending rate cut.

Lenders file for Jet Airways' bankruptcy; hearing from Wednesday

The lenders have been trying to sell the airline as a going concern since the past five months, but failed due to many a reason.

Sell Karnataka Bank, target Rs 100: Manav Chopra

Sell Karnataka Bank Ltd. at a price target of Rs 100.0 and a stoploss at Rs 108 from entry point.

PwC hires law firms anticipating tussle with Reliance Group, agencies

PwC has hired three law firms as it expects a legal tussle to erupt soon.

RBI asks banks to grout ATMs to wall, pillar or floor to enhance security

Central bank has issued instructions aimed at mitigating risks in ATM ops and enhancing security.

FICCI for structural changes in RBI June 7 circular

FICCI’s Secretary Dilip Chenoy has said that the new framework very aptly balances the interest of all stakeholders in the eco-system.

Indian markets may outperform as EMs struggle over next few months: Geoff Dennis

Foreign investors are relatively comfortable with the India story right now, says Dennis

RBI to pump in Rs 12,500 crore liquidity on June 20

The government securities to be purchased in the auction would be communicated in due course, the RBI said.

Ban on Batliboi not fair, EY tells RBI

The firm has made representations to the RBI about the unfairness of such a ban and sought a relaxation of its stance, one of the people cited above said.

Fitch lowers India's FY20 growth forecast for a 2nd time

The global rating agency cut India's growth forecast for the current fiscal to 6.6 per cent.

Market Movers: What changed for D-Street while you were sleeping

Let's take a look at the factors that may influence Tuesday's proceedings.

Governor Shaktikanta Das expects economy to recover with end of election uncertainty

RBI had cut their repo rate by 25bps during the MPC earlier this month to bolster the economic growth; their third such cut since Das assumed charge in January 2019.

Private banks beat state-run peers in deposit rate race

Since the past three RBI rate cuts, large banks have cut the MCLRs (Marginal Cost of Funds based Lending Rates) in the range of 5-10 bps, according to Motilal Oswal.

Avoid NBFC and PSU bank stocks completely for next 12 months: Suresh Ganapathy, Macquarie

"Private banks have enough capital to grow and can easily gain market share from PSU banks."

Jet crashes 19% to hit fresh all-time low ahead of lenders' meet

Jet has a debt of nearly Rs 8,500 crore on its books with total liabilities of around Rs 25,000 crore.

4 key drivers to help make Indian economy more competitive: Rajiv Kumar, Niti Aayog

The idea is not to repeal APMC Act but to replace it with the APLM Act, says the Niti Aayog VC.

RBI net buys $4.9 billion in April

The central bank bought $7.724 billion and sold $2.823 billion in the spot market.

TCS to implement RBI's information and management system for Rs 310 cr

The project has to be completed within a year of the commencement of the contract with the RBI.

RBI constitutes committee to review ATM pricing

The 6 member committee will be headed by Indian Banks’ Association chief executive V G Kannan with a specific mandate to review the existing interchange fee and pricing structures, RBI said.

Bond bulls get cold feet as India rally faces budget test

10-year yield will stay close to current levels at 6.98% by end of June.

Bimal Jalan panel on RBI surplus hope to submit report in June

The RBI has current a surplus of Rs 9 lakh crore, of which the government wants a transfer Rs 3 lakh crore.

SFIO suspects links of IFIN brass with senior RBI official

SFIO, which is investigating the IL&FS case, has suggested that the RBI launch an internal investigation into the issues linked to the NBFC to probe how its mechanisms failed to act in time.

Why Harsha Upadhyaya’s bullish on chemicals as a midcap bet

“If markets continue to fall, at some point of time the valuations will become a support.”

RBI seeks fortnightly update on fin action taken by IFIN board

RBI said there were serious deficiencies observed in the credit appraisal.

SBI links home loan interest rates to repo rate: Will borrowers gain?

SBI has decided to link its home loan interest rates to the repo rate. Here's what this means for borrowers.

Until India's lending system is fixed defaults like IL&FS will continue: View

Default is not a predictable event, factors that lead a borrower to default are too many to prevent. The government and regulators need to act fast and not wait for the next default.

NPAs falling faster than RBI's estimate: Crisil

RBI had estimated that the GNPAs ratio might improve to 10.3 per cent by March 2019.

RBI to pump in Rs 15,000 cr liquidity Thursday

The participants have to submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

Yes Bank, ZipCash face RBI fine for violating PPI norms

A penalty of Rs 11.25 lakh each has been imposed on the two PPI issuers, according to an RBI release.

Use of RBI's excess reserves not to hurt India's rating: BofA-ML

They opined the high non-performing loans in the system do not require additional capital to be kept aside by the Reserve Bank.

RBI’s concerns basis for crackdown against J&K Bank: BVR Subrahmanyam

Subrahmanyam said the search committee is already in touch with some of the best names in the country including ex-governors of RBI, who will be given the mantle of leadership of the bank.

RBI’s policy continuity and clarity to boost markets

The repo rate, the currently operative one, was cut from 6 per cent to 5.75 per cent.

Buy Federal Bank, target Rs 115: Abhijit Pathak

Buy Federal Bank Ltd. at a price target of Rs 115.0 and a stoploss at Rs 104 from entry point.

Need to relook at regulation and supervision of NBFCs: RBI Governor

The regulator was working towards an optimal level of regulatory controls so that the NBFC sector remains remains resilient, he said.

ICICI Bank moves NCLAT to seek early hearing on JAL insolvency plea

In its plea before the appellate tribunal, ICICI Bank submitted that there has been no progress in its petition filed before the NCLT Allahabad in last nine months.

Bigger NBFCs should be given RBI pipeline for emergency funding, says George Alexander Muthoot

The effect of the rate cut has not translated or come to NBFCs., says Muthoot Finance MD.

Jalan panel on RBI capital reserves to meet one more time, submit report by June end

The RBI panel, headed by former governor Bimal Jalan, was originally supposed to submit the report in April.

‘Drawing excess capital funds from RBI won’t hit India’s ratings’

BofA Merrill Lynch said that the RBI Act permits transfer of past excess reserves.

There are opportunities in consumer durables and private sector banks: Sachin Trivedi, UTI MF

Companies running on wholesale-to-wholesale model, are facing some amount of challenges, says Trivedi

RBI's new prudential framework for stressed asset resolution credit positive: Moody's

Reserve Bank of India last week issued a prudential framework for resolution of stressed assets.

Fixed income investors pick NBFCs over HFCs

The cost of borrowing for AAArated NBFCs declined by 13 basis points in May versus April in the debt market.

Time for a relook at regulation governing NBFCs, says RBI Guv

The central bank is monitoring the activity and performance of the NBFC sector .

Smaller banks hit most by RBI’s revised note on NPAs

Smaller banks in specific deals may now have to follow larger lenders who have more at stake in a consortium of creditors.

Power firms welcome RBI notification on stressed assets

The Association of Power Producers was one of the parties that have fought a legal battle for 14 months with the RBI over a February 12, 2018 circular.

RBI's norms to give more headroom to lenders to resolve big ticket NPAs: Report

RBI's new norms provides some leeway to lenders and encourages them to refer cases to IBC.

RBI issues fresh circular for defaulting companies

The original February 12, 2018, circular had tightened the screws on those who missed loan repayments and scrapped all debt recast plans.

Fed meet, crude oil among 8 key factors that may guide market this week

A further escalation in trade dispute may trigger a major fall in the stock market.

RBI releases prudential framework for resolution of stressed assets

The Reserve Bank of India (RBI) today issued revised circular on resolution of stressed loans. The Supreme Court had on April 2 struck down RBI's February 12 circular whereby the central bank had mandated lenders to initiate resolution or restructuring of loans worth Rs 2,000 crore or more even if the default was recorded for a single day.RBI releases prudential framework for resolution of stressed assets

Yashovardhan Birla declared a wilful defaulter by UCO Bank

“The present balance outstanding is Rs 67.65 crore plus unapplied interest from the date of turning into a non-performing loan,” the bank said.

No special window for NBFCs, but RBI assures on liquidity

The governor said system-level liquidity was in a surplus mode.

Decision on Jet Airways' course likely today

Lenders set to finalise resolution for debt-ridden airline in line with RBI’s new stressed assets norms.

Market Movers: What changed for D-Street while you were sleeping

Let’s have a look at the factors that would potentially move markets all through Monday.

View: RBI Monetary policy bids to better transmission

The MPC notes that "growth impulses have weakened significantly as reflected in a further widening of the output gap compared with the April 2019 policy".

RBI expects government to move on fiscal consolidation

It can be noted that the government has had to rework fiscal targets especially during the latter part of the first five years as growth seemed to trail.

RBI to rationalise norms covering money market products

Well-functioning money market is a crucial link in chain of monetary policy transmission.

Shadow banking crisis raises risk of Indian bad-loan redux

The spreading debt woes have fueled talk that the crisis is entering a second, more dangerous, phase.

India has 597 ATMs less in 2019 than 2017: RBI report

India has one of the lowest ratios of ATM cash withdrawal relative to cash in circulation, revealed the report.

Bonds rally as RBI signals more rate cuts

RBI cut its key rate and left door open for more policy easing to shore up a sagging economy.

Can RBI policy be the blueprint for world's central banks?

Passive inflation and the central bank’s full tank of gas make the case to cut even stronger.

RBI okays RK Chhibber as interim CMD of J&K Bank; post of chairman, MD to be split

Chhibber, Executive President of J&K Bank, was appointed following removal of Parvez Ahmed as CMD of the bank by the Jammu & Kashmir administration.

IFIN case: Deloitte ignored RBI rules, finds SFIO probe

Deloitte had disregarded the RBI's regulations and turned a blind eye to IFIN’s 'evergreening' of loans.

New RBI circular should be a good move going forward, says GM Yadwadkar

The only one issue now is that all lenders will have to sign the ICA, says IDBI Bank Deputy MD.

RBI repo rate cut and debt mutual fund downgrades: What should MF investors do now?

Stick with funds that have well-diversified portfolios tilted towards AAA or similarly rated securities.

India's services exports up 2.8 per cent to USD 18 billion in April

The services receipt or exports during April 2018 stood at USD 17.56 billion.

RBI imposes Rs 2 crore penalty on Kotak Mahindra Bank

The Central Bank said that the action is based on the deficiencies in regulatory compliance.

BofA expects 50 bps rate cut by March

The shift in stance implies that more cuts are on the way as long as prices remain under check.

RBI must ensure rupee export credit at repo rate: EEPC India

Rreductions in the REPO rates by the RBI have not been passed in full.

ET View: New RBI Circular offers defaulters little wiggle room

The resolution plan has to be implemented within 210 days of the initial default, instead of 180 days of the initial default.

RBI issues revised circular on stressed loans: Here are all the details

SC had quashed RBI's Feb 12 circular that asked lenders to start resolution even if there was a 1-day default.

RBI wasn’t explicit enough on liquidity: Lakshmi Iyer

The Reserve Bank of India on Thursday delivered exactly what the markets had ordered. Yet, domestic equity indices logged their biggest one-day fall of 2019. Lakshmi Iyer of Kotak Mutual Fund decodes why the money policy did not go down well with the market and what the policy signalled for the interest rate cycle.RBI wasn’t explicit enough on liquidity: Lakshmi Iyer

Forex reserve nears lifetime high; rises $1.7 billion to $423.5 billion

The reserve had touched a lifetime high of $426.028 billion in April 2018.

RBI may simplify its format for liquidity management soon

Expectations are that the new framework will work towards easier liquidity.

RBI’s oversight mechanism for NBFCs robust, says Das

NBFCs have been in focus in the last few months following a meltdown in infrastructure finance NBFC, IL&FS.

RBI cuts rate & softens stance, but no reprieve for NBFCs yet

The Sensex fell 1.38 per cent to 39,529.72 points with financials leading the slide.

No trade war, but expect US to push for pact: India

Trade issues may be taken up during US Secretary of State’s talks with S Jaishankar next week and at the G20 summit.

Despite RBI rate cut, market looks for more growth impetus

Rajnish Kumar said lowering of Basel III leverage ratio would augment the lendable resources.

Rupee ends flat at 69.28 after RBI cuts rate

Indian bonds and Forex markets were closed Wednesday on account of Id-Ul-Fitr.

Fincare SFB, Kookmin Bank get included into second schedule of RBI Act

Fincare Small Finance Bank and Kookmin Bank have been included in the second schedule of the Reserve Bank of India Act, according to RBI notifications.

RBI monetary policy: What the rate cut means for your money

Continuing to deliver good news for borrowers, the Reserve Bank of India (RBI) has announced another repo rate cut by 25 basis points. This is the third time in a row that the central bank has cut key rates this calendar year. Borrowers can hope for more rate cuts in the future as monetary policy stance has been changed from neutral to accommodative. Here is how Thursday's key announcements will affect your personal finances. (Text: ET Online)RBI monetary policy: What the rate cut means for your money

What does RBI's 'accommodative' stance mean for debt mutual fund investors?

The banking regulator cut its key policy rate, repo rate, by 25 basis points in its policy review on Thursday.

Crisis of confidence on D-St as RBI stays blasé to NBFC crisis

Nifty Bank logged the biggest one-day fall in more than six months.

RBI cuts interest rate to 9-year low; 10 key takeaways

The repo rate, which now stands at 5.75 per cent, is the lowest since July 2010.

Rupee pares most early losses post RBI rate cut

The rupee had settled at 69.26 against the US dollar Tuesday.

ET View: RBI Monetary Policy offers no miracle growth pills

The government has to bear the brunt of infusing new vigour in the economy.

RBI bans SR Batliboi & Co for one year

The RBI said that Batliboi has been banned due to “lapses identified in a statutory audit assignment carried out by the firm,” without giving any details.

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