Informist, Thursday, Dec 8, 2022
MUMBAI – Following is a summary of stories that ran on FundWire on Wednesday:
STORIES
=======
RBI Watch: The real question on real interest rates
In the Reserve Bank of India's post monetary policy press conferences, one topic that the central bank top brass is regularly quizzed about is the appropriate level of real interest rates. After all, the RBI's desired level of the real rate, or the rate of return over and above the expected rate of inflation, is an important clue about where nominal rates are headed.
Tamilnad Mercantile Bk in bancassurance pact with Bajaj Allianz Life
Nomura sees India GDP growth falling to 4.5% in 2023 from 6.7% 2022
India's GDP growth is expected to fall to 4.5% in 2023 from 6.7% in the current year, mainly due to global headwinds amid the domestic K-shaped recovery, Nomura said in a report.
RBI Policy:Patra says lower rate hike a fundamental guidance to mkts
Reserve Bank of India Deputy Governor Michael Patra today said that financial markets should be guided by the slowing down of policy rate hikes by the rate-setting panel.
RBI Policy: Extends trading hours for some money markets from Mon
In a move towards normalising liquidity operations, the Reserve Bank of India today decided to restore trading hours for some sections of the money market to 0900-1700 IST. Later in the day, the central bank notified that this will come into effect from Monday.
RBI Policy: Repo rate up 35 bps, accommodation withdrawal stance stays
The Reserve Bank of India's Monetary Policy Committee today hiked the policy repo rate by 35 basis points. The repo rate now stands at 6.25%, marking the total increase in the key policy rate to 225 bps since May. The committee decided to remain focused on withdrawal of accommodation to ensure inflation remains within the target, while supporting growth.
RBI Policy: India FY23 GDP growth forecast cut by 20 bps to 6.8%
The Reserve Bank of India today cut its forecast for India's GDP growth in the current financial year ending March by 20 basis points to 6.8%, on account of global slowdown and tighter monetary policy in other parts of the world.
RBI Policy: India FY23 CPI inflation forecast retained at 6.7%
The Reserve Bank of India today retained its forecast for CPI inflation for 2022-23 (Apr-Mar) at 6.7%, while noting that the battle against inflation was not over and that the central bank will keep ace archer "Arjuna's eye" over developments in India and abroad.
RBI Policy: UPI to be enhanced by single block, multiple debits
The Reserve Bank of India today said it will enhance the capabilities in Unified Payments Interface by introducing single-block-and-multiple-debits functionality.
RBI Policy: Bharat Bill Pay to now accept all payments, collections
The Reserve Bank of India today announced the expansion of Bharat Bill Payment System to include all categories of payments and collections, recurring as well as non-recurring, for individuals as well as businesses.
PRESS: Investors seek clarity over shareholder rights in CONCOR
Potential investors for Container Corp of India have sought clarity over shareholder rights once the government sells part of its stake in the company, The Economic Times reported today.
RBI Policy: Extends trading hours for some money markets from Mon
In a move towards normalising liquidity operations, the Reserve Bank of India today decided to restore trading hours for some sections of the money market to 0900-1700 IST.
NFO Watch: Aditya Birla Mutual Fund floats 1,224-day fixed term plan
Aditya Birla Sun Life Mutual Fund today launched Aditya Birla Sun Life Fixed Term Plan – Series UB (1,224 days), according to the Association of Mutual Funds In India's website.
NFO: Axis Mutual Fund launches Axis Long Duration Fund, ends Dec 21
For The People: Diary of India's Political Developments - Dec 7
Dividend declared by one scheme of Nippon India Mutual Fund
End
Compiled by Mayur Nijap and Shivaji Jagatap
Filed by Richard Fargose
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985–4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2022. All rights reserved.
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Informist, Thursday, Dec 8, 2022
MUMBAI – Following is a summary of stories that ran on FundWire on Wednesday:
STORIES
=======
RBI Watch: The real question on real interest rates
In the Reserve Bank of India's post monetary policy press conferences, one topic that the central bank top brass is regularly quizzed about is the appropriate level of real interest rates. After all, the RBI's desired level of the real rate, or the rate of return over and above the expected rate of inflation, is an important clue about where nominal rates are headed.
Tamilnad Mercantile Bk in bancassurance pact with Bajaj Allianz Life
Nomura sees India GDP growth falling to 4.5% in 2023 from 6.7% 2022
India's GDP growth is expected to fall to 4.5% in 2023 from 6.7% in the current year, mainly due to global headwinds amid the domestic K-shaped recovery, Nomura said in a report.
RBI Policy:Patra says lower rate hike a fundamental guidance to mkts
Reserve Bank of India Deputy Governor Michael Patra today said that financial markets should be guided by the slowing down of policy rate hikes by the rate-setting panel.
RBI Policy: Extends trading hours for some money markets from Mon
In a move towards normalising liquidity operations, the Reserve Bank of India today decided to restore trading hours for some sections of the money market to 0900-1700 IST. Later in the day, the central bank notified that this will come into effect from Monday.
RBI Policy: Repo rate up 35 bps, accommodation withdrawal stance stays
The Reserve Bank of India's Monetary Policy Committee today hiked the policy repo rate by 35 basis points. The repo rate now stands at 6.25%, marking the total increase in the key policy rate to 225 bps since May. The committee decided to remain focused on withdrawal of accommodation to ensure inflation remains within the target, while supporting growth.
RBI Policy: India FY23 GDP growth forecast cut by 20 bps to 6.8%
The Reserve Bank of India today cut its forecast for India's GDP growth in the current financial year ending March by 20 basis points to 6.8%, on account of global slowdown and tighter monetary policy in other parts of the world.
RBI Policy: India FY23 CPI inflation forecast retained at 6.7%
The Reserve Bank of India today retained its forecast for CPI inflation for 2022-23 (Apr-Mar) at 6.7%, while noting that the battle against inflation was not over and that the central bank will keep ace archer "Arjuna's eye" over developments in India and abroad.
RBI Policy: UPI to be enhanced by single block, multiple debits
The Reserve Bank of India today said it will enhance the capabilities in Unified Payments Interface by introducing single-block-and-multiple-debits functionality.
RBI Policy: Bharat Bill Pay to now accept all payments, collections
The Reserve Bank of India today announced the expansion of Bharat Bill Payment System to include all categories of payments and collections, recurring as well as non-recurring, for individuals as well as businesses.
PRESS: Investors seek clarity over shareholder rights in CONCOR
Potential investors for Container Corp of India have sought clarity over shareholder rights once the government sells part of its stake in the company, The Economic Times reported today.
RBI Policy: Extends trading hours for some money markets from Mon
In a move towards normalising liquidity operations, the Reserve Bank of India today decided to restore trading hours for some sections of the money market to 0900-1700 IST.
NFO Watch: Aditya Birla Mutual Fund floats 1,224-day fixed term plan
Aditya Birla Sun Life Mutual Fund today launched Aditya Birla Sun Life Fixed Term Plan – Series UB (1,224 days), according to the Association of Mutual Funds In India's website.
NFO: Axis Mutual Fund launches Axis Long Duration Fund, ends Dec 21
For The People: Diary of India's Political Developments - Dec 7
Dividend declared by one scheme of Nippon India Mutual Fund
End
Compiled by Mayur Nijap and Shivaji Jagatap
Filed by Richard Fargose
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985–4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2022. All rights reserved.
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