Page 112 - Latest Updates on Reserve Bank of India
Reserve Bank of India net sells $3.9 billion foreign currency in August
The rupee depreciated by 0.6 per cent in August. In July, the RBI had recorded a net purchase of $3.4 billion in the spot market
 "Reserve Bank of India net sells $3.9 billion foreign currency in August")
RBI intervenes to helps rupee from hitting new low amid high US yields
The Indian unit moved in a range of Rs. 83.25 a dollar to Rs. 83.28 per US Dollar for the entire day
 "RBI intervenes to helps rupee from hitting new low amid high US yields")
RBI likely selling US dollars to defend rupee from sliding to record low
MUMBAI (Reuters) - The Reserve Bank of India is likely selling U.S. dollars again to defend the rupee and keep it from sliding to a record low, three traders told Reuters on Thursday
Large banks preparing for maturity of RBI's $5 billion forex swap
The $5 billion dollar/rupee swap that the Reserve Bank of India undertook in April 2022 will mature on Monday, meaning $5 billion can potentially be taken out of the banking system
RBI imposes fines on Kotak Mahindra Bank, ICICI Bank for violating norms
ICICI Bank was also found marketed and engaged in the sale of non-financial products and failed to report frauds to the RBI within the prescribed timelines
RBI revises its KYC rules to strengthen money laundering prevention
The revised norms clarify the standing of principal officers (PO) in regulated entities (RE) who are responsible for furnishing information
India's top regulators investigating alternate investment funds: Report
The sources declined to be identified because they are not authorised to speak to the media. Sebi and RBI did not respond to requests for comment
 "India's top regulators investigating alternate investment funds: Report")
More entities get RBI's in-principle nod to operate as payment aggregator
65 entities application returned so far
Rupee to rely on RBI's intervention amid surging oil prices: Traders
Non-deliverable forwards (NDFs) indicate rupee will open at around 83.25-83.26 to the U.S. dollar, barely changed from the previous session
 "Rupee to rely on RBI's intervention amid surging oil prices: Traders")
Retail CBDC adoption: Long winding road to 1 million transactions
Central Bank Digital Currency (CBDC) is a digital form of currency notes issued by a central bank. RBI broadly defines e-Re as the legal tender issued by a central bank in digital form
 "Retail CBDC adoption: Long winding road to 1 million transactions")
The new pitch for bond dealers to bat on
Treasury managers are padding up for the new norms for the classification, valuation and operation of investments
 "The new pitch for bond dealers to bat on")
RBI slaps monetary penalties on RBL Bank, Union Bank, and Bajaj Finance
Union Bank of India has incurred a penalty of Rs 1 crore for its failure to comply with specific directions
People start queuing up at RBI offices to exchange Rs 2,000 notes
With banks stopping accepting Rs 2,000 notes, people have started queuing up at 19 Reserve Bank of India offices to exchange the high denomination currency, which was withdrawan from circulation.
 "People start queuing up at RBI offices to exchange Rs 2,000 notes")
Traders puzzled why the RBI spends billions fighting stronger dollar
Volatility in the rupee is hovering near the lowest in almost two decades and the currency has avoided breaching a record low even as rising US rates wreaked havoc in emerging markets
 "Traders puzzled why the RBI spends billions fighting stronger dollar")
RBI likely to complete vetting bidders for IDBI Bank by October-end
The RBI normally takes about 12-18 months to complete the assessment before allowing an entity to run a bank
 "RBI likely to complete vetting bidders for IDBI Bank by October-end")
RBI imposes Rs 5.39 cr penalty on Paytm Payments Bank for non-compliance
The Reserve Bank of India on Thursday said it has imposed a penalty of Rs 5.39 crore on Paytm Payments Bank Ltd for non-compliance with certain provisions, including Know Your Customer (KYC) norms
RBI's active rupee management stretches valuation to near 2-year peak
The RBI regularly intervenes in the foreign exchange markets and stepped up intervention in September
 "RBI's active rupee management stretches valuation to near 2-year peak")
Banks assess carbon risk of loan book amid investor, RBI push: Reports
The South Asian nation is the world's third-highest greenhouse gas polluter and has set a goal of reaching net zero emissions by 2070
 "Banks assess carbon risk of loan book amid investor, RBI push: Reports")
Technologies like AI, quantum computing may alter global order: RBI Dy Guv
Deputy Governor T Rabi Sankar said that the objective of RBI is to guide innovation to maximise the financial well-being of people and the efficiency of financial systems
 "Technologies like AI, quantum computing may alter global order: RBI Dy Guv")
RBI showing interest in technology as it impacts world order: T Rabi Sankar
He said the central bank basically works on monetary policies, currency issues, banking regulation and supervision