rbi

ETMarkets Smart Talk | Financials offer comfort, while discretionary consumption a multi-decade story: Nitin Raheja

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ETMarkets Smart Talk | Financials offer comfort, while discretionary consumption a multi-decade story: Nitin Raheja

“We continue to believe that financials are currently the most attractively priced segment of the market today. The valuations in the sector clearly offer a margin of comfort,” says Nitin Raheja, Executive Director, Julius Baer India. In an interview with ETMarkets, Raheja said: “The other segment that we feel strongly about is discretionary consumption which … Read more

Banking system liquidity back at surplus; markets see signs of softer RBI stance

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Banking system liquidity back at surplus; markets see signs of softer RBI stance

After a brief swing to the deficit mode, liquidity in the banking system returned to a surplus this week, with analysts interpreting the Reserve Bank of India’s tolerance of extra cash with banks as a tilt towards easier policy ahead of the official interest rate statement next month. For seven days in September, the RBI … Read more

ETMarkets Smart Talk: Retail investor sentiment bullish but caution required as markets peak, warns Ashwani Dhanawat

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ETMarkets Smart Talk: Retail investor sentiment bullish but caution required as markets peak, warns Ashwani Dhanawat

“While the Indian market’s record highs reflect strong investor confidence and growth potential, it also warrants caution about overvaluation,” says Ashwani Dhanawat, Executive Director & Chief Investment Officer, Shriram General Insurance Company. In an interview with ETMarkets, Dhanawat said: “A balanced approach optimistic for the long term but mindful of short-term risks is essential for … Read more

Reserve Bank lifted curbs on gold loan business, says IIFL Finance

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Reserve Bank lifted curbs on gold loan business, says IIFL Finance

The Reserve Bank of India (RBI) has lifted the curbs imposed on the gold loan business of IIFL Finance with immediate effect, the company told stock exchanges on Thursday. The RBI had prohibited the company from sanctioning, disbursing, or selling any of its gold loans in March this year citing certain supervisory concerns. The central … Read more

10-year benchmark yields hit 30-month low of 6.82% on falling oil prices

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10-year benchmark yields hit 30-month low of 6.82% on falling oil prices

Yields on the 10 year benchmark yields softened to a 30-month low to 6.82%, tracking a softening in the US bond yields due to a fall in crude oil prices yesterday. This is the lowest level since March 31st 2022, LSEG data showed. Bond yields, which ended at 6.82% were down by three basis points, … Read more

Surplus liquidity shows govt’s foot on spending pedal

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Surplus liquidity shows govt’s foot on spending pedal

Mumbai: A rebound in government expenditure is evident from a build-up of surplus liquidity conditions in the banking sector, as the Centre loosens its purse strings and injects cash into the system. The absence of the key driver of economic growth had been felt in the first quarter of the year. Analysts are of the … Read more

With 6.7 pc GDP growth in Q1 FY25, SBI says full-year growth should be revised downwards to 7 pc

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With 6.7 pc GDP growth in Q1 FY25, SBI says full-year growth should be revised downwards to 7 pc

New Delhi: According to a recent report by the State Bank of India (SBI), the moderation in India’s GDP growth for the first quarter (Q1) of the financial year 2024-25 (FY25) is still higher than the average decadal growth of 6.4 per cent for Q1. As per the Ministry of Statistics and Programme Implementation’s official … Read more

Outgoing RBI policymaker contradicts central bank on food risks

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Outgoing RBI policymaker contradicts central bank on food risks

An outgoing member of the Reserve Bank of India’s interest-rate panel said there’s no evidence higher food costs are pushing up prices more broadly in the economy, a reason often cited by Governor Shaktikanta Das for keeping monetary policy tight. Jayanth Rama Varma — an academic whose four-year term as an external member on the … Read more

CBDC’s success doubtful, UPI already prevalent, says former RBI deputy governor

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CBDC’s success doubtful, UPI already prevalent, says former RBI deputy governor

Former Reserve Bank of India Deputy Governor SS Mundra is not optimistic about the success of the central bank digital currency (CBDC) or electronic form of rupee, despite the central bank’s efforts to popularise it. “If we talk about CBDC vis-a-vis UPI (united payments interface), usage of UPI is already prevalent and I don’t see … Read more

High rates food for thought, but inflation on Governor Das’ plate

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High rates food for thought, but inflation on Governor Das’ plate

The chorus at India’s interest rate-setting panel appears to have grown louder with two outgoing external members — Ashima Goyal and J R Varma — underscoring the risks a ‘higher-for-longer’ approach poses for broader economic growth, the latest minutes of the meeting of the Monetary Policy Committee (MPC) review showed. “Excess monetary tightening can trigger … Read more