Banking liquidity deficit highest in over 3 years

The banking system neared Rs 1.47 trillion of liquidity deficit on Monday, the highest since January 29, 2020, when the banking system liquidity deficit went up to Rs 3 trillion. Illustration:......

25-bp deposit rate hike likely this festival season

The Reserve Bank of India’s (RBI’s) decision to withdraw the incremental cash reserve ratio (I-CRR) is expected to benefit banks during the festival season. Illustration: Uttam......

Benchmark yield slips the most in 5 months

Indian government bonds, particularly those of shorter maturity, strengthened sharply on Monday, as the collapse of the California-based Silicon Valley Bank (SVB) prompted investors to rush to the......

RBI may go for another 35 bps rate hike before pause

Exactly a fortnight ahead of the Reserve Bank of India’s (RBI’s) next monetary policy review, a key market indicator of interest rates — the overnight indexed swap (OIS) —......