Page 117 - Latest Updates on Reserve Bank of India
Banks may increase HTM holdings to reduce treasury book volatility
Although sales from the HTM category are still permitted, internal reclassifications can now only occur under exceptional circumstances
 "Banks may increase HTM holdings to reduce treasury book volatility")
Bank of India raises Rs 2,000 cr via tier II bonds at coupon rate of 7.88%
State-owned Bank of India on Wednesday said it has raised Rs 2,000 crore through tier II bonds at a coupon rate of 7.88 per cent
 "Bank of India raises Rs 2,000 cr via tier II bonds at coupon rate of 7.88%")
Non-SLR bond inclusion in HTM expected to deepen corporate bond market
Bank treasury heads believe that the inclusion of non-SLR securities in HTM portfolios may spur activity in the corporate bond market
 "Non-SLR bond inclusion in HTM expected to deepen corporate bond market")
Rupee bond curve steepens as RBI changes rules for bank investing
The revised rules require the Reserve Bank of India's approval for any change in classification of bond holdings out of the held-to-maturity book
 "Rupee bond curve steepens as RBI changes rules for bank investing")
Reserve Bank of India makes banks' investment norms more stringent
Over 5% sale from held-to-maturity category will need prior approval
Lenders likely to hike deposit rates up to 25 bps this festival season
Only those with asset-liability management mismatch would consider upward rate revisions
 "Lenders likely to hike deposit rates up to 25 bps this festival season")
Overnight index swap rates at 10-month high; government bond yields rise
One-year swap rate has jumped 13 bps so far in September, whereas the five-year swap rate has jumped 19 bps
 "Overnight index swap rates at 10-month high; government bond yields rise")
NBFC-MFI disbursements increase 45.8% to Rs 30,398 crore in Q1FY24
Assets Under Management (AUM) grew to Rs 1,26,053 crore in June 2023 from Rs 89,005 crore a year ago and Rs 1,21,326 crore as of end-March 2023
 "NBFC-MFI disbursements increase 45.8% to Rs 30,398 crore in Q1FY24")
RBI approves re-appointment of Sandeep Bakhshi as ICICI Bank MD & CEO
ICICI Bank, in an exchange filing, said that RBI approved the re-appointment of Sandeep Bakhshi as the MD and CEO of the bank
 "RBI approves re-appointment of Sandeep Bakhshi as ICICI Bank MD & CEO")
RBI, banks plan new feature to popularise digital currency transactions
Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI's one million-a-day target by 2023 end
RBI approves Gupta's appointment as interim Kotak Mahindra Bank MD & CEO
On 2 September, the lender said Gupta has been appointed as interim managing director and chief executive officer after Uday Kotak stepped down, four months before his current term
 "RBI approves Gupta's appointment as interim Kotak Mahindra Bank MD & CEO")
RBI decides to withdraw incremental CRR by Oct 7 in phased manner
Net impact of incremental CRR was estimated to be little more than Rs 1 trn
 "RBI decides to withdraw incremental CRR by Oct 7 in phased manner")
RBI to discontinue incremental cash reserve ratio in a phased manner
The amounts impounded under the I-CRR will be released in stages so that system liquidity is not subjected to sudden shocks and money markets function in an orderly fashion
Bank stocks gain as RBI decides to discontinue I-CRR in a 'phased manner'
As per the schedule, the RBI will release 25 per cent of the amount received under I-CRR on September 9, next 25 per cent on September 23, and the remaining 50 per cent on October 7
Bond yields decline as RBI seeks views on settlement via Euroclear platform
The potential settlement of domestic currency bonds through an offshore platform such as Euroclear has been a long-standing topic of discussion
 "Bond yields decline as RBI seeks views on settlement via Euroclear platform")
Surplus liquidity continues ahead of RBI's incremental CRR review
The RBI had said it would review the I-CRR decision on or before September 8
 "Surplus liquidity continues ahead of RBI's incremental CRR review")
RBI open to consider securitisation in restricted classes: M. Rajeshwar Rao
For standard assets, the securitisation framework permits a diverse set of investors to subscribe to the securitisation notes of underlying loans
 "RBI open to consider securitisation in restricted classes: M. Rajeshwar Rao")
Frictionless credit helped cut operational cost to lenders: RBI's Choudhary
Speaking at the Global Fintech Fest 2023, Choudhary spoke of the importance of customer centricity and governance to ensure the sustainability of fintech entities
 "Frictionless credit helped cut operational cost to lenders: RBI's Choudhary")
Sold Credila as merger required lengthy regulatory approval process: Parekh
On July 1, housing finance major HDFC completed the reverse merger with its subsidiary HDFC Bank
 "Sold Credila as merger required lengthy regulatory approval process: Parekh")
Top headlines: Delhi gears up for G20 Summit, Biden set to travel India
Business Standard brings you the top headlines at this hour
 "Top headlines: Delhi gears up for G20 Summit, Biden set to travel India")