Page 105 - Latest Updates on Reserve Bank of India
Govt hikes interest rate on 5-year recurring deposit scheme to 6.7%
Small savings schemes are government-backed investment options that offer guaranteed returns. The interest rates on small savings schemes are reviewed every quarter
 "Govt hikes interest rate on 5-year recurring deposit scheme to 6.7%")
IFC gets approval from RBI to raise stake in Federal Bank to 9.7%
IFC currently holds a 1.34 per cent stake in the bank
 "IFC gets approval from RBI to raise stake in Federal Bank to 9.7%")
In talks with more countries to make impact on cross-border payment: RBI DG
The top RBI official said India has been making efforts to tackle the challenge of the high cost of remittances
 "In talks with more countries to make impact on cross-border payment: RBI DG")
Standard Chartered does not see rupee cross 84 even if dollar climbs
Sinha said the RBI will continue to maintain tight liquidity conditions to help support the rupee unless "we see big shocks from the global markets or if crude starts trending higher"
 "Standard Chartered does not see rupee cross 84 even if dollar climbs")
Banks considering rating framework to assess risk profile of startups
The plan to set up this mechanism has come up at a time when the government has asked banks to play a more active role in financing startups
 "Banks considering rating framework to assess risk profile of startups")
Current account deficit widens to 1.1% of GDP in June qtr at $9.2 bn
Rising oil prices may push CAD up further in Q2, say experts
 "Current account deficit widens to 1.1% of GDP in June qtr at $9.2 bn")
India overnight rates ease but volumes plunge amid holiday change
Traders said these volumes were likely at multi-year lows
 "India overnight rates ease but volumes plunge amid holiday change")
Current account deficit widens to 1.1% of GDP during Q1FY24: RBI
The deficit was $17.9 billion, or 2.1% of GDP, in the first quarter a year ago, the Reserve Bank of India's release showed
 "Current account deficit widens to 1.1% of GDP during Q1FY24: RBI")
Festivities, polls prompt govt to keep tabs on food price movement
Global prices for Indian basket of crude averaged o $93.03 a barrel till 26th of this month against $86.43 in the previous month and $80.37 in July
 "Festivities, polls prompt govt to keep tabs on food price movement")
Residential sales in India poised to breach decadal high this year: CBRE
Led by demand for homes priced between Rs 1 crore and Rs 1.5 crore, the sale of 300,000 units this year is expected to be much higher than the five-year average of 187,000 units
 "Residential sales in India poised to breach decadal high this year: CBRE")
India to hold top spot for growth but risks to downside remain: Poll
Forecasts for this fiscal year ranged widely from 4.6 per cent to 7.1 per cent
 "India to hold top spot for growth but risks to downside remain: Poll")
RBI clears K N Madhusoodanan as part-time chairman of Dhanlaxmi Bank
Madhusoodanan has been an independent director with the bank since 2022
 "RBI clears K N Madhusoodanan as part-time chairman of Dhanlaxmi Bank")
Centre introduces 50-year bond to meet life insurance companies' demand
Increases issuances in longer tenure in second half
 "Centre introduces 50-year bond to meet life insurance companies' demand")
Banking liquidity remains in deficit after I-CRR disbursement's 2nd tranche
RBI had decided on September 8 to discontinue the I-CRR by October 7, in a phased manner
 "Banking liquidity remains in deficit after I-CRR disbursement's 2nd tranche")
Indians have 5 days to deposit $3 billion in soon-to-be-withdrawn banknotes
In its withdrawal notice, the RBI said the notes had served their purpose and were not commonly in use. It also cited its "clean note policy" to replace soiled notes within four to five years
 "Indians have 5 days to deposit $3 billion in soon-to-be-withdrawn banknotes")
Household savings report: There is no distress, says finance ministry
The clarification comes in the backdrop of Reserve Bank of India data showing that household net financial savings rate is at its lowest in decades
 "Household savings report: There is no distress, says finance ministry")
MFs hungry for bigger slice of banking pie amid growing investor inflows
Seek to exceed RBI's 5% ownership threshold
 "MFs hungry for bigger slice of banking pie amid growing investor inflows")
RBI likely to keep interest rate unchanged as inflation still high: Experts
The Reserve Bank Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for October 4-6, 2023
 "RBI likely to keep interest rate unchanged as inflation still high: Experts")
India to become $5 trillion economy, third-largest by 2027: RBI DG Patra
India will be a $5 trn economy and third largest in world by market exchange rates by 2027, aided by the demographic advantage and pace of financial sector development, Reserve Bank Deputy Governor
 "India to become $5 trillion economy, third-largest by 2027: RBI DG Patra")
Rupee and govt bond end steady despite rise in US Treasury yields
The rupee settled at Rs. 83.09 a dollar on Thursday, against Rs. 83.08 per dollar on Wednesday
 "Rupee and govt bond end steady despite rise in US Treasury yields")