Page 121 - Latest Updates on Reserve Bank of India
RBI to commence public tech platform pilot for credit on August 17
The Platform is being developed by Reserve Bank Innovation Hub (RBIH), a wholly owned subsidiary of RBI
 "RBI to commence public tech platform pilot for credit on August 17")
Indian rupee falls, caught between dollar rally and likely RBI intervention
The rupee was at 82.9250 to the dollar by 11:02 a.m. IST, down from 82.8450 on Friday
 "Indian rupee falls, caught between dollar rally and likely RBI intervention")
Directors' special: Why independent directors matter for bank boards
The hunt for independent directors may become more difficult as Mint Road turns the knob on bank boards, reports Raghu Mohan
 "Directors' special: Why independent directors matter for bank boards")
India's foreign exchange reserves fall for the third consecutive week
The fall in the reserves for the third straight week was mainly on account of a drop in the foreign currency assets, which declined $1.9 billion to $533 billion in the previous week
 "India's foreign exchange reserves fall for the third consecutive week")
Status quo policy with hawkish undertone
Any chance of a rate cut has moved further away - to the second half of FY25, for now
 "Status quo policy with hawkish undertone")
RBI not 'unduly concerned' about Russian investments in G-secs, says Das
Governor Shaktikanta Das on Thursday said the Reserve Bank is not "unduly concerned" about the Russian investments in Indian government bonds
 "RBI not 'unduly concerned' about Russian investments in G-secs, says Das")
Sensex ends 308 pts lower post RBI policy, Nifty near 19,550; Zee zooms 20%
CLOSING BELL ON AUGUST 10, 2023: Private bank and select auto stocks ended with notable losses after the RBI on Thursday asked banks to maintain Incremental Cash Reserve Ratio (ICRR) at 10 per cent.
 "Sensex ends 308 pts lower post RBI policy, Nifty near 19,550; Zee zooms 20%")
10% incremental CRR temporary, will drain out Rs 1 trn from system: RBI
Short-term rates on money market instruments like call money rates, treasury bills and commercial paper are likely to increase by 15-20 bps in the near term: ICRA
 "10% incremental CRR temporary, will drain out Rs 1 trn from system: RBI")
Incremental CRR to suck out liquidity of over Rs 1 trn: RBI governor Das
During the RBI MPC announcement, Shaktikanta Das had said that I-CRR is intended to absorb the surplus liquidity generated by various factors, including the return of Rs 2,000 notes to the banks
 "Incremental CRR to suck out liquidity of over Rs 1 trn: RBI governor Das")
RBI press conference LIVE: Currency circulation will pick up soon, says Guv
RBI MPC Meeting Live Updates: Governor Shaktikanta Das begins policy statement, catch all the latest updates here
 "RBI press conference LIVE: Currency circulation will pick up soon, says Guv")
You may soon be able to make UPI payments by talking or just tapping phone
RBI governor Shaktikanta Das in the MPC decision announcement on Thursday, proposed to enable 'conversational' payments on UPI using AI
 "You may soon be able to make UPI payments by talking or just tapping phone")
RBI Policy: With unanimous vote, MPC keeps repo rate unchanged at 6.5%
RBI policy meet: Shaktikanta Das also announced a revised retail inflation projection for FY24 at 5.4 per cent from 5.1 per cent earlier
RBI MPC: Repo rate decision by Governor Das today; here's what to expect
RBI policy meet: The meeting started on Tuesday and will end with RBI governor Shaktikanta Das announcing the rates in the policy announcement on Thursday
Top headlines: MoS IT meets laptop makers, delays likely in IDBI stake sale
Business Standard brings you the top headlines at this hour
 "Top headlines: MoS IT meets laptop makers, delays likely in IDBI stake sale")
RBI likely to keep rate and policy stance unchanged to control inflation
The RBI is likely to retain its "withdrawal of accommodation" stance introduced in April last year, according to 19 of 20 economists who shared their forecast on the stance
 "RBI likely to keep rate and policy stance unchanged to control inflation")
Govt broadens access to 'vostro' accounts to facilitate rupee trade
India has allowed banks in 22 partner countries, including Russia and UK, to open "vostro" accounts in the country, the government told parliament on Tuesday, to help facilitate trade in rupees
 "Govt broadens access to 'vostro' accounts to facilitate rupee trade")
Credit card default increases by 1.94% to Rs 4,072 crore in FY23-24
All cooperative banks are required to comply with the guidelines issued by the Reserve Bank of India (RBI) from time to time, he said
 "Credit card default increases by 1.94% to Rs 4,072 crore in FY23-24")
India rate panel to dial up hawkishness even as it holds policy steady
The MPC at its June policy meeting also reiterated its intent of nudging inflation towards its medium-term target of 4% and not just holding it below 6%
 "India rate panel to dial up hawkishness even as it holds policy steady")
Five-day work week in banks soon as industry demand gets nod from IBA
The proposal has now been sent to the finance ministry for its final approval. If approved, all Saturdays will be declared as bank holidays
 "Five-day work week in banks soon as industry demand gets nod from IBA")
Bank credit growth to MSMEs decelerates on y-o-y in Q1, finds RBI data
Bank credit growth to Micro, Small and Medium Enterprises (MSMEs) has decelerated on a year-on-year basis in the first three months of the current fiscal, according to Reserve Bank data.
 "Bank credit growth to MSMEs decelerates on y-o-y in Q1, finds RBI data")