George Mathew

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.

LIC IPO Listing: Analysts say LIC is a good long-term investment, and will do well when the market recovers and stability returns to the economy.

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.

Were capital outflows by foreign portfolio investors to blame? If the rupee slides further, will the RBI be forced to intervene?

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?

CRR is also up by 50 bps, it means the cost of funds will go up and banks' net interest margins could get adversely impacted.

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.

LIC IPO: SBI Mutual Fund invested Rs 1,006.89 crore, becoming the largest investor in the anchor book quota.

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.

Political parties encashed bonds worth Rs 9,836 crore since 2018

LIC on Wednesday priced its initial public offering (IPO) in the range of Rs 902-949 per share. LIC IPO will open on May 4 and will close on May 9. 

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.

With interest rates set to go up, there is uncertainty in the debt market. Will rising interest impact debt funds? What should investors do? Will interest rates go up?

Home loans witnessed 40 per cent growth in originations (value) during festive season from Rs 138,544 crore in FY19 to Rs 193,227 crore in FY22, and 21 per cent growth in originations (volume) from 6.7 lakh accounts in FY19 to 8.1 lakh accounts in FY22.

State Bank of India has raised the marginal cost of funds-based lending rates (MCLR) for the first time in three years. As a result, borrowers who have taken home, vehicle, and personal loans will find their equated monthly instalments (EMIs) rising in the coming months.