Central Bank of India plans to exit housing finance subsidiary
The bank holds 64.40 per cent in the unlisted housing finance company, while the remaining stake is held by Housing & Urban Development Corporation (HUDCO), Unit Trust of India (UTI) and National Housing Bank (NHB). The bank is facing operational curbs under the Reserve Bank's (RBI) prompt corrective action (PCA) framework.
Central banker who declared inflation dead is battling it again
The central bank, one of the planet’s most dovish, has begun to act.
Goldman sees little room for RBI to ease rates
There may not be a need for any “further significant loosening of monetary policy stance.”
View: Rupee likely to trade in 70.80-71.80 range
Lack of cues on the domestic front could keep volatility low in the currency.
Bank funding for large projects may gain momentum
Going ahead, planned or envisaged capex from all sources based on the pipeline projects sanctioned in all preceding years point to a noticeable improvement in 2019-20. The investment cycle appears to be poised to gain momentum in the short to medium term, but its sustainability needs to be watched closely, RBI said.
Traders brace for 2020 Fed rate cuts
During the holiday-shortened week ahead, there’s little in the calendar of events that looks likely to pull investors away from virus headlines.
Resolutions via IBC see a big fall in third quarter
Data from the Insolvency and Bankruptcy Board of India (IBBI) showed that financial creditors realised just 12% of their claims in the quarter-ended December, down from 34% in the quarter-ended September. Bankers said falling recoveries from the IBC and delays in resolution have pushed them to seek solutions out of the courts.
Central Bank of India to raise up to Rs 500 cr via bonds
The capital raising committee of the board of directors of the bank at its meeting held on 4 February, 2020, considered and approved the proposal for raising capital funds up to Rs 500 crore, it said in a regulatory filing.
China shares end higher as central bank calms virus fears
The onshore yuan was trading 0.45 per cent firmer at 6.9905 per dollar as of 0730 GMT
Take Five: World market themes for the week ahead
Hope rests on the central bank, which has shaved 10 basis points off the interest rate on reverse repurchase agreements.
Global economic policy direction now hinges on China’s next move
China's options include further cuts to central bank funding rates and more tax relief to hard-hit sectors.
Transmission of rate cuts to improve further: RBI Guv Shaktikanta Das
Reserve Bank Governor Shaktikanta Das on Saturday said transmission of rate cuts is expected to improve further in the coming days and that ...
Chinese central bank to pump $173 billion into economy amid coronavirus outbreak
The People’s Bank of China (PBOC) said in a statement it would launch a 1.2 trillion yuan reverse repurchase operation on Monday to maintain “reasonable and abundant liquidity” in the banking system, as well as a stable currency market, during the epidemic.
Brave New World: Most central banks working on cryptos; S&P valuations in 'nosebleed' territory
A survey found that 80 per cent of central banks are doing some kind of work into CBDCs
Risks to outlook remain, Fed monitoring virus: Powell
US equities climbed as investors digested the latest views from the Fed chair.
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