RBI Governor Shaktikanta Das said economy is struggling to regain momentum that had gathered in 2nd half of 2020-21; need also to monitor price situation.
IBA moves application to RBI seeking licence to set up Rs 6,000-cr NARCL; licence may be obtained after a few weeks.
Jayanth Varma believes reverse repo rate of 3.35% is no longer appropriate; persistent high inflation means that monetary accommodation has to be restrained, he says.
NBFCs and housing finance firms are major beneficiaries of RBI’s long-term repo operations; their funding flow was impacted after IL&FS and DHFL ran into trouble.
In its 2021-22 inflation forecast, the RBI had earlier this month raised it to 5.7% from 5.1%.
Canara Bank on 17 August opened its QIP to raise up to Rs 2,500 cr and set the floor price of the issue at Rs 155.58 per equity share.
The Reserve Bank of India has introduced an index to measure financial inclusion in the country for the first time.
Wholesale price-based inflation cools for second consecutive month to 11.16% in July as food turns cheaper.
Central Bank of India will provide aqua financing to expand its agri-loan portfolio.
India’s industrial output eased to 13.6% in June as against 16.6% contraction a year ago during which period there was nationwide lockdown due to spread of Covid.
India’s retail inflation has eased to 5.59% in July compared to 6.26% in June and 6.30% in May; food prices moderate.
Halted by SAT’s split verdict on the Rs 4,000 cr Carlyle deal, Punjab Housing Finance is looking to raise Rs 35,000 cr debt.
RBI will start imposing from 1 Oct a penalty of Rs 10,000 per ATM in the event of a cash-out situation for more than 10 hours in a month.
With SAT giving a split verdict in petition filed by PNB Housing Finance against Sebi, Carlyle’s Rs 4,000-cr stake deal in housing finance firm is likely to end in Supreme Court.
