Page 115 - Latest Updates on Reserve Bank of India
RBI permits UBS-owned Credit Suisse to keep Indian banking license
Tom Wipf from Morgan Stanley, who will play a key role in the tie-up of the two banks and in facilitating the integration of Credit Suisse and UBS
 "RBI permits UBS-owned Credit Suisse to keep Indian banking license")
RBI cancels licenses of two co-operative banks in Maharashtra, Karnataka
The two co-operative banks ceased to carry on banking business with effect from the close of business on Wednesday, RBI said in two separate statements
 "RBI cancels licenses of two co-operative banks in Maharashtra, Karnataka")
RBI issues draft circular on issuance of debit, credit, prepaid cards
RBI directive tells debit, credit and prepaid card issuers to give customers more freedom to choose networks
 "RBI issues draft circular on issuance of debit, credit, prepaid cards")
T-bills auction sees firm demand amid lower supply in quarter ending June
A few dealers said that the firm demand for T-bills may help steepen the yield curve in the second quarter
 "T-bills auction sees firm demand amid lower supply in quarter ending June")
Central banks set to diverge on rates as stubborn inflation stalks Fed, ECB
With another hike in interest rates anticipated by the Federal Reserve and the European Central Bank for July, and some peers on a similar track
 "Central banks set to diverge on rates as stubborn inflation stalks Fed, ECB")
RBI's VRRR auction sees tepid demand as banks look for better returns
According to bankers, there are other investment avenues which fetch them higher returns than 6.49% that RBI offers
 "RBI's VRRR auction sees tepid demand as banks look for better returns")
RBI rejects small finance bank application of Akhil Gupta, two others
The regulator has received 12 applications for setting up small finance banks
Consumer demand revival may take one more year despite moderating inflation
RBI's MPC said going forward, the inflation trajectory would be guided by food dynamics
 "Consumer demand revival may take one more year despite moderating inflation")
Gap between perceptions, expectations narrowing to pre-Covid level: Patra
The combined impact of the pandemic and the war in Ukraine led to significant disruptions, causing gaps in available data and resulting in substantial errors, the deputy governor said.
 "Gap between perceptions, expectations narrowing to pre-Covid level: Patra")
76% of Rs 2,000 bank notes returned to banks till June 30, says RBI
Bank notes' withdrawal from circulation was announced on May 19
 "76% of Rs 2,000 bank notes returned to banks till June 30, says RBI")
76% of Rs 2,000 banknotes returned to banks since May 19; 87% as deposits
According to RBI, as on May 19, the total value of Rs 2,000 notes in circulation was Rs 3.56 trillion and out of this, notes worth Rs 2.72 trillion have been returned
 "76% of Rs 2,000 banknotes returned to banks since May 19; 87% as deposits")
Covid-19, Ukraine war led to data gaps in 2022: RBI dy governor Patra
Analysis of forecast errors show there is no systematic bias in system, he says
 "Covid-19, Ukraine war led to data gaps in 2022: RBI dy governor Patra")
Rupee hits near 2-month high on dollar inflows, RBI may have stepped in
The focus this week is on the slew of important US data releases. The ISM US manufacturing data is due later in the day, followed by their services print on Wednesday
 "Rupee hits near 2-month high on dollar inflows, RBI may have stepped in")
Pace of lending to infrastructure sector tumbles sharply to 1.8% in May
The share of power sector loans is around half of the bank's infrastructure loan portfolio of Rs 12.22 trillion as of May 2023
 "Pace of lending to infrastructure sector tumbles sharply to 1.8% in May")
One in every 10 retail borrowers missing monthly payments: RBI report
According to RBI's financial stability report, the total of SMA-0, SMA-1 and SMA-2 in the retail advances in the public sector banks was 9.4% as of March 31
Despite current euphoria in market, returns in first half of 2023, modest
The rupee became the comeback kid, riding the crest of an FPI wave. Metals should forge ahead as should markets after a period of tumult
 "Despite current euphoria in market, returns in first half of 2023, modest")
TCS on foreign remittances: FinMin evaluates issues flagged by banks
July 1 deadline extension not ruled out
 "TCS on foreign remittances: FinMin evaluates issues flagged by banks")
RBI changes settlement, T-Bill auction date due to Bakri-Eid holiday shift
Auction for Govt of India T-bills, earlier set for June 29, will now be held on June 28, with settlement taking place on June 30
RBI finalises norms for banks to hold capital for operational risks
Apex bank will communicate date of implementation separately
RBI deputy governor Swaminathan Janakiraman gets supervision department
Swaminathan, a former managing director of State Bank of India, replaced M.K. Jain whose term ended on Jun 21
 "RBI deputy governor Swaminathan Janakiraman gets supervision department")