Page 118 - Latest Updates on Reserve Bank of India
RBI committed to bring down inflation to 4%: Governor Shaktikanta Das
The central bank has been mandated by the government to keep inflation at 4 per cent with a margin of 2 per cent on either side
 "RBI committed to bring down inflation to 4%: Governor Shaktikanta Das")
FSIB recommends Vinay Tonse for MD position in State Bank of India
The final decision about the appointment will be taken by the government of India
 "FSIB recommends Vinay Tonse for MD position in State Bank of India")
CBDC can fix cross-border payment problems: RBI Governor Shaktikanta Das
RBI governor flags issues of high cost, low speed, limited access
 "CBDC can fix cross-border payment problems: RBI Governor Shaktikanta Das")
Bond market optimistic on inclusion in international bond indices
The yield on the benchmark 10-year bond remained flat in August and moved in a narrow range throughout the month
 "Bond market optimistic on inclusion in international bond indices")
RBI allows scheduled commercial banks to issue credit lines through UPI
The regulator said banks may, as per their board-approved policy, stipulate terms and conditions of use of such credit lines
 "RBI allows scheduled commercial banks to issue credit lines through UPI")
Banks seek higher supply of longer-tenure bonds in the second half
A trader at another PD said that the introduction of 20-year bonds seems unlikely
 "Banks seek higher supply of longer-tenure bonds in the second half")
About 93% Rs 2,000 currency notes returned to banking system, says RBI
The Reserve Bank today said in absolute terms, the total value of Rs 2,000 banknotes received back from circulation is Rs 3.32 trillion up to August 31, 2023
 "About 93% Rs 2,000 currency notes returned to banking system, says RBI")
93% of Rs 2,000 notes worth Rs 3.32 trillion returned since May: RBI
The RBI had said in May that it would withdraw these high-value notes, permitting their exchange or deposit until Sept. 30
 "93% of Rs 2,000 notes worth Rs 3.32 trillion returned since May: RBI")
Only 30 days left! Exchange Rs 2,000 banknotes by Sept 30; check details
The Reserve Bank of India (RBI) has set a maximum of Rs 20,000 on the amount that can be exchanged for a single Rs 2,000 note till September 20
 "Only 30 days left! Exchange Rs 2,000 banknotes by Sept 30; check details")
Rupee appreciates 7 paise to 82.73 against US dollar in early trade
At the interbank foreign exchange, the domestic unit opened stronger at 82.67 and hit the level of 82.74 against the greenback
 "Rupee appreciates 7 paise to 82.73 against US dollar in early trade")
India's FDI outflow rises 73% to $1.85 billion in July over June: RBI data
The debt commitment rose to $ 605 million in July 2023 from $ 255 million in June
 "India's FDI outflow rises 73% to $1.85 billion in July over June: RBI data")
OIS rates at near term peak; uncertainty around rate view continues
While the one-year overnight indexed swap rate has been technically reflecting a 25-basis-point hike by the Monetary Policy Committee, market participants believe that it may fade soon
 "OIS rates at near term peak; uncertainty around rate view continues")
As India pushes to make rupee international, UCO Bank is in a sweet spot
State-owned lender aims to use its experience in facilitating trade with Iran
 "As India pushes to make rupee international, UCO Bank is in a sweet spot")
Banks to set up portal with real-time information to handle digital frauds
The portal will help lenders connect, and stop and trace funds being transferred from one account to multiple accounts
 "Banks to set up portal with real-time information to handle digital frauds")
Banks to remain closed for 16 days in September; check full list here
Bank holiday September 2023: With 12 official holidays in various states and four weekends, the banks will remain closed for sixteen days. Here's the complete list
 "Banks to remain closed for 16 days in September; check full list here")
FSDC-SC resolves to remain vigilant against external vulnerabilities
RBI Governor Shaktikanta Das-headed Sub-Committee of the Financial Stability and Development Council (FSDC-SC) on Monday resolved to remain vigilant against any build-up in vulnerabilities
 "FSDC-SC resolves to remain vigilant against external vulnerabilities")
RBI's liquidity withdrawal pushes bank CD issuances to 3-month high
Banks raised over 350 billion rupees ($4.24 billion) via CDs in the fortnight ended Aug. 25, data from CCIL's F-Trac platform showed
ESG is sensible; it means doing business the right way: Sankar Chakraborti
'The ESG concept is relatively new compared to conventional risk-management frameworks'
 "ESG is sensible; it means doing business the right way: Sankar Chakraborti")
Another weak week: Indices end in losses over 5 trading sessions again
Inflation concerns make mood sombre on the Street
 "Another weak week: Indices end in losses over 5 trading sessions again")
Weekly G-Sec auction: Cut off yield on 5 year bond higher than 10 year
The benchmark 10-year government bond yield settled at 7.20 per cent, while the new 10-year bond yield settled at 7.18 per cent