News Overview

Growth is projected to be lower (7.2%) and inflation higher (5.7%) as compared to February outlook.

The central bank had already begun normalising its policy last fiscal by absorbing excess liquidity through variable rate operations

Oil & Natural Gas Corpn announced that in accordance with the approval given by Government of India on 29 March 2022, the President of India, acting through Ministry of Petroleum and Natural Gas, Government of India has proposed to offer up to 94,35,209 equity shares of face value of Rs 5/- each to the eligible employees of the Company at a price of Rs 159.80/- […]

The April review was decidedly more nuanced and cautious in the assessment and guidance with the RBI acknowledging upside risks on inflation and taking measured steps to exit from the extremely accommodative policy stance.

The repo rate currently stands at 4 per cent and the reverse repo rate has been maintained at 3.35 per cent.

The board of Sindhu Trade Links has recommended bonus issue of shares in the ratio of 2:1.

The higher inflation projection and shifting of policy corridor to SDF would lead to higher bond yields

Its’ fund-based facility worth Rs650 million was assigned IND AA-/RWE/IND A1+/RWE.

Equity mutual funds attracted a net sum of Rs 28,463.49 crore in March 2022. In comparison, equity mutual funds saw a net inflow of Rs 19,705.27 crore in February and Rs 14,887.77 crore in January, data from the Association of Mutual Funds in India (Amfi) showed on Friday. SBI Multicap Fund’s new fund offer (NFO) garnered Rs 8,170 crore in March 2022. Overall, the mutual […]

With 80% of surplus liquidity being absorbed under VRRR at rate closer to repo rate of 4.0%, the introduction of SDF at 3.75% will improve the returns on the balance liquidity that was being placed by banks at reverse repo rate of 3.35%.