Page 5 - Latest Updates on Reserve Bank of India
RBI hikes repo rate by 40 bps: Analysts see muted impact on banks' NIM, PAT
Non-bank finance companies (NBFCs), however, may feel more heat, except those engaged in mortgage financing
 "RBI hikes repo rate by 40 bps: Analysts see muted impact on banks' NIM, PAT")
RBI asks ASBA designated bank branches to remain open on Sunday for LIC IPO
LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market
 "RBI asks ASBA designated bank branches to remain open on Sunday for LIC IPO")
RBI should raise rates more to fulfil inflation mandate, regain credibility
Higher interest rates may complicate the financing of a record $200 billion government borrowing programme, bigger than even in the first year of the pandemic.
 "RBI should raise rates more to fulfil inflation mandate, regain credibility")
Top headlines: Lending rates to rise, half a dozen IPOs in May after LIC
Business Standard brings you the top headlines at this hour
 "Top headlines: Lending rates to rise, half a dozen IPOs in May after LIC")
Lending rates set to rise; interest rates on deposits may also move up
Consequently, lenders will revise their lending rates upwards, especially on loans, which are linked to an external benchmark
 "Lending rates set to rise; interest rates on deposits may also move up")
Plan your prepayments, switch to tackle rise in home loan rates
New borrowers must avoid over-leveraging; prepare to cough up more as down payment
 "Plan your prepayments, switch to tackle rise in home loan rates")
RBI girds up to fight inflation: No Band-Aid for realty, FMCG players
Monetary policy response will help preserve macro-financial stability, says RBI governor as he announces benchmark rate hike
 "RBI girds up to fight inflation: No Band-Aid for realty, FMCG players")
FY23 GDP forecasts by various agencies realistic: CEA Anantha Nageswaran
Range between RBI's 7.2% and IMF's 8.2% a reasonable prediction, says CEA
 "FY23 GDP forecasts by various agencies realistic: CEA Anantha Nageswaran")
Repo rate hike to liquidity surplus, here're the key parameters of RBI MPC
The MPC is faced with the grim prospect of missing its inflation mandate - which is to maintain average inflation between 2-6% for three consecutive quarters
 "Repo rate hike to liquidity surplus, here're the key parameters of RBI MPC")
Real estate, auto companies to bear the brunt of interest rate hikes
Niranjan Hiranandani, managing director of Hiranandani Group, said the RBI had to ensure that inflationary pressure on the individual did not get exacerbated by higher rates on home loans
 "Real estate, auto companies to bear the brunt of interest rate hikes")
Bond yield shoots up; another interest rate hike likely in June
Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India, said he expected repo hikes in June and August policy review meetings too
 "Bond yield shoots up; another interest rate hike likely in June")
RBI raises repo rate by 40 bps in surprise move; CRR increased by 50 bps
The 10-year government bond shot up 26 bps, with the street expecting another rate hike in the June policy
 "RBI raises repo rate by 40 bps in surprise move; CRR increased by 50 bps")
Course correction
RBI has been slow in withdrawing accommodation
 "Course correction")
Growth to be in range of 7-8.5% given global uncertainties: CEA Nageswaran
The International Monetary Fund recently lowered its growth forecast to 8.2 per cent which is higher than 7.2 per cent by the Reserve Bank of India
 "Growth to be in range of 7-8.5% given global uncertainties: CEA Nageswaran")
Indian shares extend losses after central bank's surprise rate hike
Indian shares extended losses on Wednesday after the country's central bank announced a surprise increase in key policy rate. The NSE Nifty 50 index was down 1.7% at 16,780
 "Indian shares extend losses after central bank's surprise rate hike")
In a surprise move, RBI raises repo rate by 40 bps to 4.40 per cent
The RBI MPC voted unanimously to increase the benchmark rate, said Governor Shaktikanta Das
 "In a surprise move, RBI raises repo rate by 40 bps to 4.40 per cent")
Take a cautious approach in launching a digital currency, says report
Developing it could have some hazards, including those to institutions, end-users, and reputation of the central bank, says NCAER working paper
 "Take a cautious approach in launching a digital currency, says report")
RBI Governor Shaktikanta Das to make unscheduled statement at 2 pm
The yield on 10-year benchmark bond spiked 9 bps to touch 7.2% after the news
 "RBI Governor Shaktikanta Das to make unscheduled statement at 2 pm")
After a 16-yr low of 14.9% in 2019, LIC's private sector investments rise
LIC's private sector share of investments had touched a 16-year low of 14.9 per cent in 2019, an analysis by the Reserve Bank of India showed.
 "After a 16-yr low of 14.9% in 2019, LIC's private sector investments rise")
Gadkari pitches for priority sector lending to alternative fuel players
Gadkari said they found it difficult to compete with the petrol and diesel sector, which has deep pockets
 "Gadkari pitches for priority sector lending to alternative fuel players")
