“So, my view is that if the budget disappoints and I think the only way it can disappoint is if they do not give relaxation on personal taxation and those have to be significant,” says Sandip Sabharwal, asksandipsabharwal.com.What is the anticipation? I know no correction is anything to worry because if election outcome is anything … Read more
The Reserve Bank of India (RBI) has sought to prevent potentially inflation-stoking banking system liquidity enhancement through deft currency and bond market interventions, with foreign inflows into local sovereign debt quickening after the country’s inclusion in a globally tracked JP Morgan index. With rates on annualised dollar-rupee forward premia jumping after index inclusion occurred on … Read more
One 97 Communications which operates payments platform Paytm, is expected to report a net loss between Rs 1,013 crore and Rs 840 crore for the quarter ended June 2024 according to estimates by a couple of brokerages. The revenue for the reporting quarter is expected in the range of Rs 1,532 crore and Rs 1,490 … Read more
Mumbai: Deposits are still the most preferred instrument of saving in India although market-based instruments are gaining share, said an article published in the Reserve Bank’s July Bulletin. The article provides estimates of quarterly financial balance sheet of households and their net financial wealth for 2011-12 to 2022-23. The article has been authored by Anupam … Read more
Bank credit rose 14% on-year as of June 28, outpacing deposit growth at 11%, putting the spotlight yet again on central bank’s concerns over the gap that could lead to asset-liability mismatches. Latest Reserve Bank of India (RBI) data showed the growth in deposits and credit was lower than the year-ago period, reflecting a slowdown … Read more
Sales of commercial vehicles – a barometer of economic activity – surpassed expectations last quarter driven by strong replacement demand and continued government spending on infrastructure. As per industry estimates, more than 234,000 trucks and buses were sold in the local market in the three months ended June, a 4.5% rise from 224,000 vehicles sold … Read more
RBI’s monetary policy committee member Ashima Goyal has said the Prime Minister Narendra Modi led-NDA government in its third term should focus on raising farm productivity and improving supply chain to reduce volatility in food prices. Goyal further said the prospects for robust growth and falling inflation continue with the return of a stable conservative … Read more
Mumbai: Apart from high food inflation, incomplete transmission of the 250 basis point policy rate hikes since May 2022 could delay reversal of the rate cycle by the Reserve Bank of India (RBI). Transmission through loan and deposit rates ranged between 111 and 245 bps until May 2024, an analysis of the latest RBI data … Read more
Jun 29, 2024, 11:46:19 AM IST 1/7 What is JP Morgan Emerging Market Bond Index (EMBI)? EMBI was formed in the early 1990s which has various high yielding local rates indices like the Government Bond Index-Emerging Markets (GBI-EM) series and the Corporate Emerging Markets Bond Index (CEMBI) series and are considered standard benchmarks by many … Read more
Weighted average lending rates on fresh loans and deposits fell marginally by 16bps and one bps ( one basis point is 0.01 percent) respectively in May according to the latest data released by the Reserve Bank of India. The weighted average lending rate (WALR) on fresh rupee loans of commercial banks stood at 9.39 per … Read more
