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RESERVE BANK OF INDIA HEDGING FACILITY
Why are central banks buying more gold? Here's what it means for the global economyCentral Banks and Gold: Central banks globally are buying gold at a record pace. This trend is driven by geopolitical risks and inflation c...
Pakistan seeks $10 billion US stabilization facility to shore up reservesPakistan has requested a ten billion dollar exchange stabilization facility from the United States. This loan aims to bolster foreign excha...
Diaspora dollars are coming, but India needs export resilience, not quick fixesThe Reserve Bank of India's special deposit scheme is successfully attracting significant foreign currency from overseas Indians. Banks hav...
ICICI Bank eyes $500 million dollar bond issue via GIFT CityICICI Bank is close to raising at least $500 million through five-year dollar bonds via its GIFT City unit, leveraging the RBI’s concession...
Foreign banks account for lion's share of FCNR(B) inflows under RBI's concessional swap facilityForeign banks have facilitated most FCNR(B) deposits under the RBI's swap facility. This concessional swap facility has attracted over twen...
JPMorgan, other US banks set to help finance Japan's $550 billion US investment plan, sources sayJPMorgan and other US banks are close to agreeing on financing support for projects under Japan’s $550 billion US investment pledge, accord...
JPMorgan, other US banks set to help finance Japan's $550 billion US investment plan, say sourcesUS banks like JPMorgan are nearing financing agreements for Japan's investment pledge. Japanese banks face high costs for dollar funding, l...
Rupee hits two-month low despite RBI intervention as crude oil surge weighsThe Indian rupee fell to a two-month low against the dollar on Monday. This decline occurred despite significant interventions by the centr...
India's EXIM Bank plans $300 million dollar bond sale under RBI hedging facilityThe state-run export finance institution will issue three-year floating-rate bonds priced at 90 basis points over the Secured Overnight F...
India's EXIM Bank plans $300 million dollar bond sale under RBI hedging facilityThe Export-Import Bank of India plans to raise $300 million through dollar bonds. This move utilizes the central bank's subsidized hedging ...
India’s private lenders bet on corporate loan revival for growthIndian banks report robust loan growth driven by corporate demand. Companies are shifting from expensive bond markets to cheaper bank borro...
IDBI Bank ups FCNR ante with 16% on offerThe scheme allows customers to borrow up to 12 times their deposit amount and offers indicative effective annual returns of up to 16.2%, de...
HSBC Offers 19x FCNR(B) Leverage in GIFT CityHSBC's GIFT City unit offers NRIs significant leverage on FCNR deposits. An NRI can borrow up to nineteen times their own funds for deposit...
FM Sitharaman to meet PSB chiefs to review foreign currency deposit driveFinance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts to attract foreign currency deposi...
FM Nirmala Sitharaman to meets heads of PSU banks on Mon, review foreign currency deposit mobilisationFinance Minister Nirmala Sitharaman will meet public sector bank heads on Monday. The meeting will review progress on attracting foreign cu...
Bank credit growth to ease as corporates tap bond markets, overseas funding: CareEdgeBank credit growth is expected to moderate gradually in the upcoming fiscal year. Large corporations will increasingly use domestic bond ma...
State Bank of India draws over $1.5 billion in forex depositsState Bank of India has raised over $1.5 billion from overseas citizens. This program offers attractive returns due to Reserve Bank of Indi...