Bank stocks will be in focus on Tuesday, April 22, after the Reserve Bank of India (RBI) proposed easier liquidity norms. The RBI has released the final guidelines on Liquidity Coverage Ratio (LCR), which seem to be far softer than the earlier draft guidelines. According to the central bank, these changes are expected to lead
By VK Sharma The Nifty rallied 4.48% during the holiday-truncated week, closing at 23,851 on Thursday. This marks the benchmark’s highest weekly percentage gain since February 5, 2021. To better understand what might lie ahead, let’s first revisit the events of not just the past week, but the entire fortnight. As expected, markets fell sharply
RBI Cuts Repo Rate By 25 Bps: Interest rates on home, personal, vehicle loans and deposit rates are set to come down in the coming days with the Reserve Bank of India’s (RBI) six-member Monetary Policy Committee’s (MPC) decision to cut the repo rate – the key policy rate – by 25 basis points (bps) to
The Reserve Bank of India (RBI) has sent a letter of displeasure to Bajaj Finance regarding its co-branded credit card operations, confirmed a report by CNBC TV18. The RBI communication, citing its earlier letter dated Jan 31 and the company’s response on Feb 22, said that the company has failed to proactively identify operational gaps
The Reserve Bank of India’s aggressive fund infusion in the past few months is beginning to show results, as the banking system’s liquidity position turned surplus at the end of March — the first time in three months. The banking system’s liquidity stood at a surplus of Rs 89,399 crore on March 30. On March
Investors in the Sovereign Gold Bond (SGB) 2016-17 Series IV and 2019-20 Series IV are set for significant returns, with the Reserve Bank of India (RBI) announcing the final redemption price. The investors’ wealth could swell nearly 3 times on redemption due to skyrocketing gold prices. The 2016-17 Series IV bonds, issued in February 2017