Anup Roy

All stories by Anup Roy

RBI's lack of support pushes up bond yields

RBI's lack of support pushes up bond yields

Rediff.com23 Feb 2021

The bond market is not in a mood to reason with the Reserve Bank of India (RBI) on keeping yields low. The 10-year bond yields continued to rise for the fourth straight session to close at 6.202 per cent from its previous close of 6.135 per cent. The yield was at 6 per cent a week ago. The RBI wants the yields to remain at 6 per cent, but bond dealers say the central bank will have to step up its bond-buying programme.

RBI's intervention drives down 10-year bond yields to 6% level

RBI's intervention drives down 10-year bond yields to 6% level

Rediff.com11 Feb 2021

The central bank bought the 10-year bonds at 50 paise above the prevailing rate, and brought down the yields from 6.08 per cent to 6 per cent mark.

RBI to buy bonds worth Rs 20,000 crore via open market operations on Feb 10

RBI to buy bonds worth Rs 20,000 crore via open market operations on Feb 10

Rediff.com9 Feb 2021

However, the RBI is still not in a mood to issue an OMO calendar, which was the expectation in some sections of the market.

If it ain't broke, don't fix it: RBI working paper on 4% inflation target

If it ain't broke, don't fix it: RBI working paper on 4% inflation target

Rediff.com5 Jan 2021

The paper seems to be suggesting strongly that the tight target range be maintained even as the central bank is all set to miss the target range for three consecutive quarters because of the Covid crisis.

'Under him, the RBI delivered strong, timely, and decisive policy initiatives'

'Under him, the RBI delivered strong, timely, and decisive policy initiatives'

Rediff.com2 Jan 2021

Economists praise Das for his pragmatism and willingness to face challenges head on. And in doing so with the finesse of an able administrator.

Frauds decline in banking system as RBI increases supervision

Frauds decline in banking system as RBI increases supervision

Rediff.com31 Dec 2020

According to the Trends and Progress Report of the RBI, 98 per cent of frauds in terms of value were related to loans, and their occurrence was spread over several previous years.

Why RBI wants rupee to remain weak for some more time

Why RBI wants rupee to remain weak for some more time

Rediff.com24 Dec 2020

The RBI governor is focused on growth, and keeping rupee slightly depreciated is part of that 'Atmanirbhar Bharat' strategy.

The famous five taking on shady Chinese lending apps

The famous five taking on shady Chinese lending apps

Rediff.com27 Oct 2020

A bunch of CEOs in their mid-30s and early 40s are trying to rectify the scenario where shady lending applications trap hapless borrowers with astronomically high interest rates and even bodily harm if the money was repaid. Anup Roy reports.

States' borrowing: Market fatigue is getting evident

States' borrowing: Market fatigue is getting evident

Rediff.com2 Oct 2020

The spreads between state development loans and equivalent-maturity government papers have started widening, and market participants don't expect them to contract anytime soon. The rise in spreads is a direct measure of market displeasure than a rise in yields.

GST compensation row: FM's 'act of God' can be a nightmare for RBI

GST compensation row: FM's 'act of God' can be a nightmare for RBI

Rediff.com7 Sep 2020

The central bank is the money manager of the government, and not a guarantor of any debt.

'Sashi' has large shoes to fill as HDFC Bank's new boss

'Sashi' has large shoes to fill as HDFC Bank's new boss

Rediff.com13 Aug 2020

Apart from navigating the bank through the Covid crisis, Jagdishan may also have to deal with the latest development on the auto loan lending practice scam. He will be expected to deliver consistent profit growth of 20 per cent-plus quarter after quarter, irrespective of the operating environment.

RBI's curb on current account use may hit private banks

RBI's curb on current account use may hit private banks

Rediff.com11 Aug 2020

Move can also bring a huge change in the way business is done in India, where firms use multiple current accounts, often for even individual projects, making them difficult to monitor.

Why demand for cash could rise despite digitisation

Why demand for cash could rise despite digitisation

Rediff.com20 Jul 2020

For the first time, the value of card and mobile payments of Rs 10.57 trillion was more than ATM withdrawals of Rs 9.12 trillion in Q4 of fiscal 2019-20. In the months of lockdown, the gap may have widened further, but cash could be back in vogue when the situation normalises.

Why the trade surplus is really nothing to rejoice over

Why the trade surplus is really nothing to rejoice over

Rediff.com18 Jul 2020

Economists caution that the underlying cause could be an alarming drop in demand -- something that's not good for economic growth.

Govt to discontinue 7.75% taxable savings bonds scheme

Govt to discontinue 7.75% taxable savings bonds scheme

Rediff.com28 May 2020

The bonds were available for seven years. Since these were not traded in the secondary market, redemption took place at maturity.

Borrowing limit raised, but states remain cautious

Borrowing limit raised, but states remain cautious

Rediff.com19 May 2020

Going by the strict criteria set, only Maharashtra, Tamil Nadu, Gujarat, Karnataka, Uttar Pradesh, Andhra Pradesh, Madhya Pradesh, and Haryana qualify for such extra borrowing, as of now.

COVID-19 hangs over the future like a spectre: RBI

COVID-19 hangs over the future like a spectre: RBI

Rediff.com10 Apr 2020

While efforts are being mounted on a war footing to arrest its spread, COVID-19 will impact economic activity in India directly through domestic lockdown. The second-round effects, it said, would operate through a severe slowdown in global trade and growth.

Rs 1 trillion relief for corporate bonds, courtesy RBI

Rs 1 trillion relief for corporate bonds, courtesy RBI

Rediff.com28 Mar 2020

The RBI on Friday said it will give banks Rs 1 trillion through targeted long-term repo operations (TLTROs), of up to three-year maturity, to deploy in "investment-grade corporate bonds, commercial paper, and non-convertible debentures over and above the outstanding level of their investments in these bonds as of March 27, 2020."

Bond market freezes amid coronavirus scare

Bond market freezes amid coronavirus scare

Rediff.com25 Mar 2020

The volume in the anonymous trading platform, NDS-OM, was Rs 7,210 crore - less than half the normal volume, but not as bad as the start of the day indicated.

RBI crack team in secret location keeps financial system going

RBI crack team in secret location keeps financial system going

Rediff.com21 Mar 2020

The idea is to keep the RBI's information technology (IT) infrastructure in top shape to run the payments and settlement system uninterrupted 24x7, and run the full gamut of RBI functions from the secured data centres, as nearly 14,000 RBI staffers, except the senior-most management, work from home.

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