Page 100 - Latest Updates on Reserve Bank of India
Rupee expected to trade near record lows despite economic growth: Experts
India's economy is expected to expand 6.3% this fiscal year, the fastest-growing major economy in the world. But the rupee is not reflecting that optimism.
 "Rupee expected to trade near record lows despite economic growth: Experts")
Regulated entities to follow new IT framework from April 2024: RBI
The framework will specify the roles and responsibilities of the board of Directors, board level Committee and Senior Management
 "Regulated entities to follow new IT framework from April 2024: RBI")
HDFC Bank on hiring spree to fuel biz growth and tackle attrition head-on
Bank has hired over 56K since March 2022; focus on reining in attrition, women re-hiring
 "HDFC Bank on hiring spree to fuel biz growth and tackle attrition head-on")
Rupee, government bond gain post favorable US non-farm payroll data
The central bank had not given any timeline for OMO sales and said it will depend on the ongoing liquidity situation
 "Rupee, government bond gain post favorable US non-farm payroll data")
Maiden 50-year bond becomes an instant hit with insurance companies
Bids worth Rs 40.2K cr vs target to raise Rs 10K cr
 "Maiden 50-year bond becomes an instant hit with insurance companies")
RBI slaps penalty on PNB, Federal Bank, 2 other entities for non-compliance
Federal Bank has been penalised for contravention of certain provisions of KYC norms, the central bank said in another release
 "RBI slaps penalty on PNB, Federal Bank, 2 other entities for non-compliance")
India debut 50-year bond fully sold on increasing insurer demand
The government sold Rs 10,000 crore ($1.2 billion) of the 2073 bond at a cutoff yield of 7.46 per cent, the Reserve Bank of India said in a statement
 "India debut 50-year bond fully sold on increasing insurer demand")
People can send Rs 2,000 notes by post to RBI offices for direct credit
This is a hassle-free option for the people who are away from the regional offices of the Reserve Bank
 "People can send Rs 2,000 notes by post to RBI offices for direct credit")
RBI Deputy Guv pitches for institute to train regulators across sectors
The career central banker also made it clear that he is not confining himself just to the RBI and added that the need for training of regulators is across sectors
 "RBI Deputy Guv pitches for institute to train regulators across sectors")
Vote of confidence
RBI has done well, but new external challenges can emerge
 "Vote of confidence")
CEA V Ananatha Nageswaran sees RBI holding fire if US Fed hikes rate again
The Federal Reserve left interest rates unchanged on Wednesday while still keeping alive the possibility of more hikes given inflation remains above its 2 per cent target and economic growth is strong
 "CEA V Ananatha Nageswaran sees RBI holding fire if US Fed hikes rate again")
Rush to exchange Rs 2,000 notes: ED, EOW starts probe following reports
During the last three days, a large number of people gathered in front of the RBI office in Bhubaneswar to exchange Rs 2,000 currency notes
RBI appoints Manoranjan Mishra as Executive Director effective from Nov 1
As the Executive Director, Mishra's duties will include looking after Enforcement Department, Risk Monitoring Department, Department of External Investments & Operations
Unsecured retail loans burgeoned on banks' books in Covid-19's aftermath
As regulated entities expand the retail portfolio and tap the new-to-credit segment, more through unsecured loans and with less-than-ideal emphasis on credit histories, delinquencies could rise
 "Unsecured retail loans burgeoned on banks' books in Covid-19's aftermath")
RBI launches two key surveys which will provide inputs for monetary policy
The next bi-monthly monetary policy is scheduled during December 6-8
More than 97% of Rs 2,000 note returned till October 31, says RBI
The central bank reiterated that the Rs 2,000 banknotes continue to be legal tender
 "More than 97% of Rs 2,000 note returned till October 31, says RBI")
RBI to regulate entities facilitating cross border payment transactions
Such entities will be treated as Payment Aggregator-Cross Border (PA-CB), the central bank said in a circular
RBI asks private banks to have at least two whole-time directors: Explained
The Reserve Bank of India has directed private sector banks and wholly-owned subsidiaries of foreign banks to have at least two whole-time directors in addition to the MD and CEO
Debut of 50-year bond in India leaves insurers hungry for a share
The government plans to sell Rs 10,000 crore ($1.2 billion) of a 2073 bond on Friday, according to the Reserve Bank of India.
 "Debut of 50-year bond in India leaves insurers hungry for a share")
Never seen this kind of alignment in banks: KV Kamath at the BS BFSI Summit
Kamath said that he has 'no sympathies' for organisations complaining of not having enough people in a country like India
 "Never seen this kind of alignment in banks: KV Kamath at the BS BFSI Summit")