Page 105 - Latest Updates on Reserve Bank of India
Piramal Enterprises to adjust Rs 3,164 cr exposure to AIF in its financials
Move follows RBI directive limiting investments in AIFs to curb evergreening
 "Piramal Enterprises to adjust Rs 3,164 cr exposure to AIF in its financials")
RBI predominantly net buyer of US Dollar over past decade in spot market
In the current financial year, the central bank has net bought $1.7 trillion as of October
 "RBI predominantly net buyer of US Dollar over past decade in spot market")
Fintech startup EnKash gets RBI nod to operate as payment aggregator
After receiving RBI's nod to operate as payment aggregator, EnKash said that it is now poised to bring further innovation to the B2B payment business
 "Fintech startup EnKash gets RBI nod to operate as payment aggregator")
Inflation to ease to 4.6% in the first three quarters of 2024-25: RBI
The RBI bulletin released on Wednesday said that global growth continues to remain fragile and may slow down further in 2024
 "Inflation to ease to 4.6% in the first three quarters of 2024-25: RBI")
Unclaimed deposits with banks rise by 28% to Rs 42,270 crore in FY23: Govt
As compared to Rs 32,934 crore unclaimed deposits with public and private sector banks in FY22, the amount increased to Rs 42,272 crore at the end of March 2023, an increase of 28 per cent
 "Unclaimed deposits with banks rise by 28% to Rs 42,270 crore in FY23: Govt")
RBI tightens norms to check evergreening of loans by lenders through AIFs
This includes companies in which lenders have current exposure such as an investment or a loan or in the past 12 months, the Reserve Bank of India (RBI) said
Govt lashes out at IMF for saying currency intervention excessive
As a result, the IMF reclassified India's foreign-exchange regime to a "stabilized arrangement" from a "floating" system, it said in its annual Article IV country report released on Monday
Banks seek RBI's nod to defer penal interest guideline by 3 months
The RBI issued guidelines instructing banks to levy charges rather than increase the interest rate for borrowers who fail to meet the terms and conditions of a loan contract starting January 1, 2024
 "Banks seek RBI's nod to defer penal interest guideline by 3 months")
Jai Balaji raises Rs 559 cr from Tata Capital FinServ to refinance debt
Jai Balaji was on the RBI's second list of non-performing assets (NPAs) in 2017-18 mandated for resolution under the Insolvency and Bankruptcy Code
 "Jai Balaji raises Rs 559 cr from Tata Capital FinServ to refinance debt")
RBI board discusses prevailing economic, financial scenario at 605th meet
The 605th meeting of the Central Board of Directors of Reserve Bank of India was held today in Ekta Nagar (Kevadia) under the Chairmanship of Governor Shaktikanta Das.
 "RBI board discusses prevailing economic, financial scenario at 605th meet")
ICRA revises FY24 GDP growth forecast to 6.5%, still below RBI's estimate
Earlier this month, the RBI had revised upwards its GDP estimate to 7 per cent from 6.5 per cent, calling the revised number a "conservative" one
 "ICRA revises FY24 GDP growth forecast to 6.5%, still below RBI's estimate")
RBI imposed monetary penalties worth Rs 40 crore on 211 entities in 2022-23
Out of 211, 176 penalties worth Rs 14.04 crore were alone imposed on cooperative banks, Bhagwat Karad told Lok Sabha on Monday
Sovereign Gold Bond scheme 2023-24 tranche III: All your FAQs answered here
Sovereign Gold Bond interest rate: These bonds bear interest at the rate of 2.50% per annum on the amount of initial investment. Interest is credited semi-annually to the bank account of the investor
 "Sovereign Gold Bond scheme 2023-24 tranche III: All your FAQs answered here")
From India to Australia, Goldman sees banks easing policy earlier after Fed
Still, Goldman expects the rate reductions in the Asia-Pacific to be fewer and shallower than Fed officials' projected easing cycle
 "From India to Australia, Goldman sees banks easing policy earlier after Fed")
Debates on India's progress more important than vishwa guru claims: Rajan
Former RBI governor Raghuram Rajan also stuck to his comment -- 'India will be lucky if it achieves 5 per cent growth in 2023-24 fiscal year'
 "Debates on India's progress more important than vishwa guru claims: Rajan")
Expanding RBI's toolkit
Machine learning can improve inflation forecasting
 "Expanding RBI's toolkit")
India's exports shrink again in Nov after Oct high; trade deficit narrows
The deficit had widened to a record $31.5 billion in October, as festival demand led to a sharp increase in the import of gold and silver
 "India's exports shrink again in Nov after Oct high; trade deficit narrows")
Mahindra Finance to foray into life, health, and general insurance
The company will initially invest Rs 5 crore to Rs 10 crore towards technology, hiring and training and certification
 "Mahindra Finance to foray into life, health, and general insurance")
RBI asks Religare to submit fresh application for stake transfer of RHDFCL
Religare Enterprises entered into an agreement on April 5 with Religare Finvest Ltd and Religare Housing Development Finance for acquisition of entire 87.5 per cent equity stake of RHDFCL held by RFL
 "RBI asks Religare to submit fresh application for stake transfer of RHDFCL")
OPS to restrict states' capacity to undertake development activities: RBI
The central bank's report said the return to the Old Pension Scheme by a few states, and reports of some other states moving in the same direction would exert a huge burden on state finances