Page 116 - Latest Updates on Reserve Bank of India
'RBI need not rush to ease rates unless certain of stable-low inflation'
Bhide's comments echo that of Governor Shaktikanta Das that a pivot can be considered when price-gains settle near the mid-point of its 2%-6% range on a durable basis
 "'RBI need not rush to ease rates unless certain of stable-low inflation'")
RBI's pivot to rate cuts to begin only in early 2024: Rating agency S&P
In India, under the assumption of normal monsoons, the rating agency expected the headline consumer inflation to soften to 5.0 per cent in fiscal 2024 (FY24) from 6.7 per cent in FY23
 "RBI's pivot to rate cuts to begin only in early 2024: Rating agency S&P")
Credit card dues up 30% in Apr; cross Rs 2 trillion mark for the first time
The Reserve Bank of India (RBI) has expressed its concern about the growing unsecured bank credit
 "Credit card dues up 30% in Apr; cross Rs 2 trillion mark for the first time")
More than two-thirds of Rs 2,000 notes returned within one month: Das
In a surprise move, but as part of the clean note policy, the Reserve Bank had on May 19 ordered the recall of the Rs 2,000 banknotes worth around R 3.62 trillion
 "More than two-thirds of Rs 2,000 notes returned within one month: Das")
Will strive to get CPI to 4%, El Nino a challenge for food inflation: Das
Governor Shaktikanta Das has said the Reserve Bank will strive to get headline inflation to its 4 per cent target but flagged El Nino as a challenge to its efforts
 "Will strive to get CPI to 4%, El Nino a challenge for food inflation: Das")
Inflation is slowing down personal consumption expenditure: RBI report
Even if the central bank has not ruled out further interest rate hikes, bank lending and deposit rates have started to soften
 "Inflation is slowing down personal consumption expenditure: RBI report")
India and UK regulators close to resolving clearing house impasse
The legal framework of India, as implemented by the RBI, provides for an effective equivalent system for the recognition of central counterparties authorised under other regimes of other countries
 "India and UK regulators close to resolving clearing house impasse")
Manipur violence: What are RBI's riot relief measures invoked by the state?
The rules under these measures specify several norms that must be followed for restructuring the loans, providing fresh loans and other measures, including KYC norms
 "Manipur violence: What are RBI's riot relief measures invoked by the state?")
Rewards and risks
Picking small stocks is always difficult
 "Rewards and risks")
RBI supervision not meant to be intrusive or punitive: Deputy Governor Jain
Jain, whose 5-year tenure ends today, talks about the importance of technology, customer service and financial inclusion, besides the RBI's focus on governance at banks and every financial institution
 "RBI supervision not meant to be intrusive or punitive: Deputy Governor Jain")
Eyeing expansion, Reliance gets RBI's special approval to raise funds
The money is likely to be used to support the working capital needs of the company besides expansion in energy and telecom businesses
 "Eyeing expansion, Reliance gets RBI's special approval to raise funds")
Compromise with wilful defaulters to help banks recover dues much faster
RBI says compromise settlement is not a new regulation, has been around for over 15 years; But unlike normal defaulters, wilful and fraud accounts barred from availing bank finance for 5 years
 "Compromise with wilful defaulters to help banks recover dues much faster")
Surplus liquidity falls to lowest in 2 months due to advance tax outflows
Due to the fall in surplus liquidity, the RBI conducted variable rate repo (VRR) auction after a month on Monday
 "Surplus liquidity falls to lowest in 2 months due to advance tax outflows")
Rakesh Bhartia withdraws nomination as Fino PB part time chairman
To continue as board member, RBI yet to approve for chairman
 "Rakesh Bhartia withdraws nomination as Fino PB part time chairman")
Even at 4.25% inflation rate, Das sees disinflation process as protracted
Waning of base effect and uncertainty over monsoon may come in the way of disinflation, going forward
 "Even at 4.25% inflation rate, Das sees disinflation process as protracted")
Reports of missing Rs 500 notes based on erroneous information, says RBI
"The RBI emphasizes that these reports are not correct," the regulator said in a press release
 "Reports of missing Rs 500 notes based on erroneous information, says RBI")
RBI maintains a pause on rates in step with global markets - it helps
The markets have been on a high for the past few sessions, particularly the Nifty, which consistently touched and even crossed the 18,000 mark earlier this week
 "RBI maintains a pause on rates in step with global markets - it helps")
Top headlines: RBI on Rs 500 notes report, India to have 40% of workforce
Business Standard brings you the top headlines at this hour
Reports of missing Rs 500 notes based on erroneous information, says RBI
Following these claims, the central bank has urged the public to rely on the information published by itself in cases pertaining to such matters
 "Reports of missing Rs 500 notes based on erroneous information, says RBI")
Wilful defaulters may get loan after five years of compromise settlement
Debt restructuring to be allowed only if promoter changes
 "Wilful defaulters may get loan after five years of compromise settlement")