Page 4 - Rbi

India's economic growth to slow if RBI hikes interest rates: Finance Secy

T V Somanathan was reacting to reports of RBI likely raising its inflation projection for the current fiscal year at its June monetary policy meeting

Top headlines: Ultratech's Ambuja bid, Delhivery may hit a valuation hurdle

Here are the top Business Standard headlines on Thursday

RBI may 'kill excess demand' in economy in six-eight months

The RBI increased the limit for keeping specified securities in the HTM portfolio from 22 per cent to 23 per cent

InGovern, others approach Sebi; seek forensic audit of Future Group firms

In its letter, InGovern said many directors and key management personnel have resigned in the past year

Coinbase admits RBI's use of informal pressure prompted halting of trade

The comments by Coinbase's Armstrong bring forth the challenges that the crypto industry is facing

'Informal pressure' from RBI forced us to halt UPI payments: Coinbase CEO

The US-based and Nasdaq-listed crypto exchange had halted payments via unified payments interface mode on its app in India last month

Why pruning general debt to 66% of GDP over next 5 years looks unachievable

An RBI report says even in the best case scenario, general govt debt may not dip below 75% of GDPl and if there are events, it may in fact rise to 90% of GDP by 2026-27

NBFCs cannot be regulated by state enactments, says Supreme Court

The top court said it was of the considered opinion that the Kerala Act and the Gujarat Act will have no application to NBFCs registered under the RBI Act and regulated by RBI

RBI steps in to stem rupee fall, defends 77.50 per dollar level

Sources said the RBI aims to maintain foreign exchange reserves of $600 billion in such uncertain times

Canara Bank probes fraud in unit after whistleblower complaint: Report

The whistleblower letter, sent at the end of December and also addressed to Reserve Bank of India and the National Housing Bank, said there were irregularities at one of the branches

Exporters optimistic despite global slowdown prospects

They expect better market access in countries with whom new free trade agreements have been negotiated recently

US Fed rate hike raises cost of funds for Ambuja Cements bidders

The acquisition is expected to cost around $10 billion (Rs 76,000 crore), including the open offers for the shareholders of both Ambuja Cements and ACC

Statsguru: Six charts show Indian economy's structural constraints

The RBI report stated that India would need to boost exports further and carry out import substitution

RBI interest rate hike wasn't surprising, timing was: FM Sitharaman

For the first time since August 2018, RBI had on May 4 delivered a blunt 40 basis points increase in key repo rate to 4.40 per cent, and also hiked the cash reserve ratio by 50 basis points to 4.5 per

HDFC raises home loan interests by 30 bps after RBI's repo rate hike

For new customers, on loans upto Rs 30 lakh, interest rate charged will be 7.10 per cent.

RBI gives go-ahead to Equitas reverse merger plan with certain riders

Asks Equitas Holdings to divest shareholding in its subsidiary, Equitas Technologies, prior to the scheme taking effect

RBI gives no-objection for merger of Equitas SFB, Equitas Holdings

The conditions laid down by the RBI on no-objection for amalgamation include divestment of shareholding by EHL in its subsidiary -- Equitas Technologies -- prior to the scheme taking effect

RBI imposes penalty on Daimler Financial, KKR India Financial Services

The central bank said it conducted statutory inspection of the two companies with reference to their financial position as on March 31, 2020

Top headlines: Higher bond yields, WHO on Covid deaths in India, and more

Business Standard brings you the top headlines at this hour

Central Bank of India to close 600 branches by March 2023, says report

The bank is looking to reduce the number of branches by 600 by either shutting down or merging loss-making branches by the end of March 2023