Since the RBI announced its rate hike on May 4, the Sensex has fallen 4.8%. By comparison, the mid-cap and the small-cap indices are down 8.9% and 10.7% respectively.
The weighted average cost had come down to 1.2 per cent over LIBOR in FY19, but has started increasing subsequently and was at 1.81 per cent in FY22. This is expected to increase further in the coming months with global central banks planning to hike the rates.
Total outward remittances under the Reserve Bank of India’s (RBI) Liberalised Remittance Scheme (LRS), shot up to an all-time high of $19.610 billion in the year ended March 2022 as against $12.684 billion in March 2021, as per latest RBI data.
The depreciation of the rupee expected to impact the economy in general and various segments such as imports, mainly fuel prices, and push up inflation.
The regulator said FRBs and Lloyd’s India are now exempted from disclosing financial details and underwriting performance through NL40 format. However, according to experts, the latest measures will lead to opaqueness in the functioning of reinsurance branches in India.
Burning Cost is defined as a kind of break-even cost where the higher claims in the portfolio will automatically lead to higher premiums to be collected in the subsequent year.
RBI’s gold acquisition happened at a time when foreign portfolio investors (FPIs) were exiting India and forex reserves declined by $44.73 billion from $642.45 billion in September 2021 to $597.72 billion on April 29, 2022, as per Reserve Bank data.
Compensation towards Covid death claims were reported under individual, group policies and the PM Jeevan Jyoti Bima Yojana (PMJJBY). Back-of-the-envelope calculations indicate that the average claim per person was Rs 7,63,965.
Some analysts have been warning that the RBI has fallen behind the curve in tackling inflation. There were clear indications too. The yield on the 10-year benchmark bond has already crossed the 7 per cent level.
In a surprise move, the RBI Wednesday announced a 40 basis point hike in the repo rate. To what extent specifically can your EMIs get impacted? What should existing home loan customers do? What about investments?
By hiking the Repo rate and CRR, the RBI is aiming to keep inflation – which is already close to 7 per cent — at its desired level and control and monitor money flow into the banking system.
What has been remarkable though, has been the rise of retail within domestic investors, from 6.12 per cent in March 2015 to 7.42 per cent in March 2022.
LIC IPO: How is the IPO priced? How should investors view the issue? How does the valuation compare with that of other insurers? How big is LIC? What are the advantages of listing?
Depending on the level of distress, the government and the financial institutions can decide on an appropriate package of support instead of the current practice of doling out distress package to all the farmers across the board.
Some leading banks were not in favour of the proposal stating there’s ambiguity on debt recovery. “If top banks are opposing the sale to RIL, the deal is likely to fall through. The next option is to take the IBC route,” said a banking source.
In absolute numbers, credit offtake more than doubled by `12.03 lakh crore in the 12-month period ended April 8 as against Rs 5.50 lakh crore a year ago, RBI data showed
On Friday, secured lenders rejected Future Retail Limited’s (FRL) Rs 24,713 crore deal to sell its assets to Reliance Retail Ventures Ltd (RRVL), a subsidiary of RIL.