Page 113 - Latest Updates on Reserve Bank of India
Demand at Rs 33K crore weekly govt bond auction softer than expected
New 10-year bond expected next week
 "Demand at Rs 33K crore weekly govt bond auction softer than expected")
Reserve Bank of India's digital payment index rises to 359.57 in March
The RBI-DPI has been constructed with March 2018 as the base period, i.e. DPI score for March 2018 is set at 100
 "Reserve Bank of India's digital payment index rises to 359.57 in March")
India's forex kitty swells to $609 billion, rises to nearly 16-month high
The total reserves rose by $36 billion on a year-on-year (YOY) basis. In the first six months of 2023, foreign exchange reserves have increased by around $33 billion
 "India's forex kitty swells to $609 billion, rises to nearly 16-month high")
RBI to banks: Report all digital frauds not just those above Rs 1 lakh
The rising volumes of UPI transactions and related frauds have emerged as a major challenge for the banks
 "RBI to banks: Report all digital frauds not just those above Rs 1 lakh")
Aware of concerns of visually impaired, issuing banknotes huge task: RBI
The central bank pointed out that the expenditure that would be incurred in introducing a new series of currencies would be high
 "Aware of concerns of visually impaired, issuing banknotes huge task: RBI")
RBI continues dollar-buying spree, accumulates $16 billion since Feb
Central bank purchased $7.7 bn in April, the most in two years, and $7.37 bn in May
 "RBI continues dollar-buying spree, accumulates $16 billion since Feb")
OIS rates fall as US Fed seen the end of interest rate hike cycle
Earlier, traders were expecting the central bank to cut the repo rate, starting February
 "OIS rates fall as US Fed seen the end of interest rate hike cycle")
Global growth in manufacturing and investment slowing down: RBI report
To achieve India @100, India's real GDP needs to grow at 7.6 per cent annually over the next 25 years
Fight against inflation far from over as food price spikes: RBI bulletin
Surging food prices accelerated India's annual retail inflation rate to 4.81% in June, snapping four months of easing and erasing any chance of a rate cut this year
 "Fight against inflation far from over as food price spikes: RBI bulletin")
RBI buys $7.37 billion in spot foreign exchange market in May: Bulletin
The Indian rupee depreciated by over 1% against the dollar in May
RBI puts up Innovation Pavilion at third meeting of G20 FMCBG meeting venue
Set up at Mahatma Mandir Convention Centre, the Innovation Pavilion' also features an informative video explaining the various facets of these two initiatives
Test results: More than Rs 1 trillion AUM of debt mutual funds under stress
The test is conducted to evaluate the effect of various risk factors such as rate risk, credit risk, liquidity risk, and redemption risk
 "Test results: More than Rs 1 trillion AUM of debt mutual funds under stress")
PSBs stepping up recovery of bad loans to meet FinMin's 40% target: Report
In the five years that ended on March 31, 2022, the PSBs were able to recover only 14 per cent, Rs 1.03 trillion, out of the total written-off loans of Rs 7.34 trillion
 "PSBs stepping up recovery of bad loans to meet FinMin's 40% target: Report")
RBI, Central Bank of UAE sign two MoUs for trade in local currencies
With messaging system MoU, no need to depend on SWIFT, says Governor Das
HDFC Bank offers interoperability of UPI and CBDC QR code payments
The lender has registered over 1 lakh customers and 1.7 lakh merchants under CBDC pilot programme
 "HDFC Bank offers interoperability of UPI and CBDC QR code payments")
Higher inflation, oil price to keep RBI on hold; cap market gains: Analysts
Another worry for the RBI and the markets are the monsoons back home (intensity and spatial distribution)
 "Higher inflation, oil price to keep RBI on hold; cap market gains: Analysts")
Reserve Bank of India looking at banks' retail loan book more granularly
Sharp rise in unsecured loans in one year
 "Reserve Bank of India looking at banks' retail loan book more granularly")
HDFC Bank gets six months to move HDFC clients to external benchmark
It is mandatory for banks to link retail loans and loans to micro, medium and small enterprises to an external benchmark
 "HDFC Bank gets six months to move HDFC clients to external benchmark")
RBI eyes 1 mn digital currency transactions daily by year-end: DG
The RBI has devised the e-rupee as a digital alternative to physical cash - using blockchain distributed-ledger technology
 "RBI eyes 1 mn digital currency transactions daily by year-end: DG")
RBI governor Shaktikanta Das asks bank CEOs to focus on governance
Discusses large exposures, recoveries from written-off accounts