Gold Silver Reports (GSR) – The promoters of Kotak Mahindra Bank Ltd. have reduced their shareholding in the lender after a preferential issue of non-convertible shares, in line with a directive by the Reserve Bank of India.
RBI
RBI Decision-Day Guide | Gold Silver Reports
Gold Silver Reports (GSR) – RBI Decision-Day Guide | Gold Silver Reports – The Reserve Bank of India is expected to hike interest rate as the central bank tries to rein in inflation and shore up Asia’s weakest major currency.
If You Are Holding Bitcoins In India, Here’s What You Can Do
Gold Silver Reports (GSR) – If You Are Holding Bitcoins In India, Here’s What You Can Do – The Reserve-Bank of India had asked them to stop providing services to firms and individuals who deal in bitcoins and other such virtualMoney. And exchanges got no relief from the Supreme Court. While a bench headed by Chief Justice Dipak Misra agreed to hear the petition by the Internet and Mobile Association of India on July 20, it said the RBI’s order will be implemented.
RBI Expected To Intervene To Prevent Sharp Drop In Rupee
Gold Silver Reports – RBI Expected To Intervene To Prevent Sharp Drop In Rupee (₹) — The focus will undoubtedly be on theRupee (₹) which hit a record low on Thursday, falling past 69 a dollar and set for its worst quarter in five years.
RBI Widens ICICI Bank Probe after Whistleblower Complaints
Gold Silver Reports (GSR) – RBI Widens ICICI Bank Probe after Whistleblower Complaints — India’s banking regulator initiated a second probe into the affairs of ICICI Bank Ltd for allegedly delaying provisioning for stressed loans and so-called loan evergreening, among other wrongdoings, within days of receiving a whistleblower’s complaints on 20 March and 22 March, a fact that the bank was informed of only in early May.
Shorter Rupee Corporate Bond Yields Near 2014 Levels on RBI
Gold Silver Reports (GSR) – Market borrowing costs for top-rated state-owned Indian companies — a key gauge for the nation’s corporates — have risen to their highest since Jan. 2, 2015. The central bank’s rate hike and a change to the method by which investors must value local government bonds may still spell more bad news for corporates.
Reserve Bank of India to Hold Rates, But June Hike now Close call
Gold Silver Reports (GSR) – In a snap poll of 56 economists taken after gross domestic product data on Thursday, 26 of those respondents, or about 46 percent, expect the RBI to take the repo rate higher at the June 6 meeting. The GDP data showed Asia’s third-largest economy grew at its fastest pace in nearly two years in the January-March period.