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Articles for Bps, search results for fy23

Banks’ margin party is drawing to a close
1 year, 5 months ago

Banks’ margin party is drawing to a close

Live Mint  

The stellar rebound in India’s banking sector performance has been in focus in the recent quarters. Much of this is owing to the robust systemic bank credit growth and the sharp rise in lending rates, resulting in a significant improvement in the net interest margins of banks in the backdrop of RBI’s monetary tightening. As per RBI data, SCBs’ weighted …

Banking Rbi Rates Banks Deposit Deposit Rates Nim
SBI to raise ₹50k crore via debt instruments
1 year, 6 months ago

SBI to raise ₹50k crore via debt instruments

Live Mint  

State Bank of India on Friday said its board has approved a proposal to raise up to ₹50,000 crore this fiscal year through various debt instruments. India’s largest bank intends to raise the funds by issuing long-term bonds, Basel III-compliant Additional Tier 1 bonds, and Basel III-compliant Tier 2 bonds, in private placements to either Indian or overseas investors, subject …

Crore Sbi
SBI share price rises 2% on yet another strong quarter
1 year, 7 months ago

SBI share price rises 2% on yet another strong quarter

Live Mint  

Leading public sector lender, State Bank of India posted a stellar buying during Friday's trading session. As per Rahul Malani, Deputy VP - Research, Sharekhan by BNP Paribas, SBI has reported a solid beat on the earnings front led by lower provisions however on operational front, numbers missed estimates mainly due to higher opex growth despite strong net income growth. …

Growth Price Share Price Share Yoy Roa Icici Securities
Union Bank Q4 results: PAT up by 61%, declares dividend; key highlights here
1 year, 7 months ago

Union Bank Q4 results: PAT up by 61%, declares dividend; key highlights here

Live Mint  

Public sector lender, Union Bank of India registered strong double-digit growth in the fourth quarter of FY23. In the quarter, the bank witnessed strong growth in terms of advances and deposits year-on-year, while a sharp decline has been seen in gross NPA. In the quarter, the bank registered 13.05% YoY and 0.73% QoQ growth in global advances to ₹8,09,905 crore, …

Growth Bank Crore Qoq Yoy Pat Bps
Pakistan economic crisis: SBP hikes repo rate by 300 BPS, highest since Oct 1996
1 year, 9 months ago

Pakistan economic crisis: SBP hikes repo rate by 300 BPS, highest since Oct 1996

Live Mint  

Amid the economic crisis, rising inflation and mountainous debt, the State Bank of Pakistan hiked interest rate by 300 basis points to 20 per cent — the highest level since October 1996. It is to be known that Pakistan's CPI inflation has surged to 31.5 percent Year-on-Year, while core inflation rose to 17.1 percent in urban and 21.5 percent in …

Pakistan Inflation Billion Cad Mpc Sbp
FD rates to get more attractive? RBI’s 35 bps rate hike makes a case
2 years ago

FD rates to get more attractive? RBI’s 35 bps rate hike makes a case

Live Mint  

Once again, depositors are in for a treat and the reason would be RBI's 35 basis points rate hike on Wednesday for December policy. However, this time, the transition of 35 basis points repo rate hike to FD rates is expected to be on a slower pace. RBI governor Shaktikanta Das in the policy meeting said, "the pace of transmission …

Policy Inflation Hike Rate Rbi Rates Banks
RBI MPC: Repo Rate Hiked By 35 bps To 6.25%; FY23 GDP Forecast Lowered To 6.8%, Inflation Outlook Retained At 6.7%
2 years ago

RBI MPC: Repo Rate Hiked By 35 bps To 6.25%; FY23 GDP Forecast Lowered To 6.8%, Inflation Outlook Retained At 6.7%

News 18  

In the consecutive fifth hike this year, the RBI’s Monetary Policy Committee on Wednesday raised the repo rate by 35 basis points to 6.25 per cent with immediate effect, making loans expensive. With this latest hike, the RBI’s rate-setting panel has raised the key policy rate by 225 basis points this year in total, in order to control inflation. Suvodeep …

Inflation Policy Rate Hike Cent Rbi Repo Rate 35 Bps
Home Loan, Car Loan EMIs to Increase as RBI Hikes Repo Rate by 35 bps; What Should Borrowers Do
2 years ago

Home Loan, Car Loan EMIs to Increase as RBI Hikes Repo Rate by 35 bps; What Should Borrowers Do

News 18  

RBI MPC Meeting December 2022: The Reserve Bank of India has increased the repo rate by 35 basis points to 6.25 per cent in its December Monetary Policy Committee meeting. Atul Monga, CEO and co-founder of BASIC Home Loan, said: “An increase in interest rates will be felt especially by the new borrowers, existing borrowers will not usually be affected …

Impact Loans Loan Home Loans Interest Rates Home Loan Increase
RBI monetary policy: Why a 4th 50 bps repo rate hike can’t be ruled out?
2 years ago

RBI monetary policy: Why a 4th 50 bps repo rate hike can’t be ruled out?

Live Mint  

As inflation eased to below the 7% mark in October, expectations of a much smaller size rate hike most likably a 35 basis points hike in RBI's December monetary policy has taken rounds. The country's inflation remains elevated and above RBI's upper tolerance limit for the tenth consecutive month. If another 50 basis points hike is on the cards during …

Policy Growth Inflation Real Hike Rate Rbi
Markets trade in green post RBI front loading of repo rate with 50 bps hike
2 years, 4 months ago

Markets trade in green post RBI front loading of repo rate with 50 bps hike

Live Mint  

MUMBAI: Indian stock markets rallied after the Reserve Bank of India raised policy rates for the third straight time to tame runway inflation. Market experts believe the front loading of rates will support the domestic currency and also help boost FPI inflows. The central bank's rate setting panel raised the key policy repo rate-- at which the the RBI lends …

Market Rate Rbi Repo Rate Green Post
RBI MPC Meeting Highlights Today: Repo Rate Hiked 50 bps; FY23 Inflation, GDP Outlook Retained
2 years, 4 months ago

RBI MPC Meeting Highlights Today: Repo Rate Hiked 50 bps; FY23 Inflation, GDP Outlook Retained

News 18  

The RBI’s Monetary Policy Committee on Friday unanimously decided to raise the repo rate by 50 basis points to 5.4 per cent with immediate effect while focussing on the withdrawal of accommodation. It was imperative for the RBI to hike rates as it has a clear focus on getting inflation down to its ceiling of 6 per cent.’ Inflation Forecast …

India Financial Inflation Financial Services Hike Cent Rate
Inflation Cooling Off: Will RBI Still Hike Interest Rates in August? Know In Details
2 years, 5 months ago

Inflation Cooling Off: Will RBI Still Hike Interest Rates in August? Know In Details

News 18  

Even as inflation in India is showing a downward trend with the latest June data coming in slightly lower than the previous month, analysts feel the Reserve Bank of India is expected to continue with monetary tightening and go for a rate hike next month as the inflation rate still remains above its target band of 6 per cent. Retail …

India Inflation Month Cent Rate Rbi 6 Per Cent
TCS Q1 results to set stage for IT earnings
2 years, 5 months ago

TCS Q1 results to set stage for IT earnings

Business Standard  

Fears of a global recession, especially in the US and Europe, are mounting by the day. IT major TCS, for instance, may report modest revenue growth later today, led by seasonal strength and robust digital transformation projects. Omkar Tanksale, Senior Research Analyst, Axis Securities says TCS to report 3.4% sequential revenue growth in rupee terms. Besides, they believe quarterly revenue …

Growth Revenue Tcs Q1
RBI hikes repo rate by 50 bps to 4.90%, retains GDP growth forecast at 7.2%
2 years, 6 months ago

RBI hikes repo rate by 50 bps to 4.90%, retains GDP growth forecast at 7.2%

Firstpost  

RBI Governor Shaktikanta Das announced that the central bank’s decision to raise MSF Rate and Bank rate to 5.15 per cent from 4.65 per cent The Reserve Bank of India on Wednesday raised key repo rate by 50 basis points to 4.90 per cent. CPI Inflation The RBI Monetary Policy Committee has raised CPI inflation forecast for FY23 to 6.7 …

Inflation Cent Rate Rbi Das Forecast Revised
RBI MPC: Repo Raised by 50 bps; FY23 Inflation Revised Up; GDP Outlook Retained; Key Decisions Today
2 years, 6 months ago

RBI MPC: Repo Raised by 50 bps; FY23 Inflation Revised Up; GDP Outlook Retained; Key Decisions Today

News 18  

The RBI’s Monetary Policy Committee on Wednesday unanimously decided to raise the repo rate by 50 basis points to 4.90 per cent with the focus on withdrawal of accommodation, raised its retail inflation forecast for FY23 to 6.7 per cent from 5.7 per cent earlier, retained FY23 GDP growth projection at 7.2 per cent, and proposed to link credit cards …

Policy Inflation Credit Cards Cent Rate Rbi Banks
A Mint poll says this is what RBI is likely to do this week
2 years, 6 months ago

A Mint poll says this is what RBI is likely to do this week

Live Mint  

MUMBAI : The Reserve Bank of India, determined to tame inflation, may raise the repo rate by a steep 50 basis points and increase the cash reserve ratio at its meeting this week, according to a Mint poll of economists. The central bank’s monetary policy committee will meet from 6 to 8 June, following an off-cycle hike in repo rate …

Inflation Hike Rbi Mint Expect Mpc Crr