Monetary Policy: RBI KEEPS REPO RATE UNCHANGED AT 6% AS EXPECTED

Last Updated On April 5, 2018 3:02 PMby Neal Bhai

Monetary Policy: RBI KEEPS REPO RATE UNCHANGED AT 6% AS EXPECTED Banking Shares Extend Gains As RBI Keeps Rate Unchanged Gauge of banking shares on the …

Banks Gain As RBI Grants Breather Ahead Of Monetary Policy Decision

Last Updated On April 5, 2018 3:02 PMby Neal Bhai

RBI Pause on Interest Rate Hike May Last Only Till December

Gold Silver Reports (GSR) – Banks Gain As RBI Grants Breather Ahead Of RBI Monetary Policy Decision — Shares of private and government-owned lenders were trading higher after the Reserve Bank of India provided relief to lenders by allowing them to reduce provisioning on NCLT accounts for March quarter ahead of the monetary policy decision.

Indian Bonds are Likely to Consolidate After Posting Strong Gains

April 4, 2018 9:05 AMby Neal Bhai

Gold Silver Reports (GSR) – Indian bonds are likely to consolidate after posting strong gains on Tuesday. Bonds rallied after the central bank allowed lenders to spread their bond-trading losses, incurred in the past six months, over four quarters.

PSU Banks Rally After RBI Allows Banks To Spread Bond-Trading Losses

April 3, 2018 9:43 AMby Neal Bhai

Gold Silver Reports (GSR) – PSU Banks Rally After RBI Allows Banks To Spread Bond-Trading Losses — Shares of the government-owned banks were trading higher after the Reserve Bank of India allowed banks to spread their bond-trading losses incurred in the December 2017 and March 2018 quarters equally over as long as four quarters.

Axis Bank Falls After RBI Asks Board To Reconsider Fourth Three-Year Term

April 2, 2018 2:46 PMby Neal Bhai

Gold Silver Reports (GSR) – Axis Bank Falls After RBI Asks Board To Reconsider Fourth Three-Year Term — Shares of the country’s third largest private sector lender fell as much as 3.6 percent to Rs 492.20 after the Reserve Bank of India asked its board to reconsider fourth three-year term it handed to CEO Shikha Sharma, The Economic Times reported citing people aware of the development.

RBI says Examining Enforcement Action; PNB Fraud Case

April 1, 2018 6:31 PMby Neal Bhai

PNB Fraud: Nirav Modi's Assets, Valuables worth Rs 255 cr Seized by Enforcement Directorate in Hong Kong

Gold Silver Reports (GSR) – RBI says Examining Enforcement Action; PNB Fraud Case — Replying to an RTI query, the central bank also said it has been issuing necessary instructions to banks from time to time on a variety of issues of prudential supervisory concern, including the management of operational risks inherent in the functioning of banks.

India’s Forex Reserves Hit a New High

Last Updated On March 31, 2018 6:49 AMby Neal Bhai

Gold Silver Reports (GSR) – India’s Forex Reserves Hit a New High — RBI data showed the reserves rose $1.2 billion in the week to March 23. The improved overseas dollar inflows in March reversing February’s trend of outflows has helped accumulation of reserves, forex dealers said.