Page 122 - Latest Updates on Reserve Bank of India
Reliance General to accept e-Rupee through Yes Bank for premium payments
Reliance General Insurance said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India's Central Bank Digital Currency e-Rupee for premium payments
 "Reliance General to accept e-Rupee through Yes Bank for premium payments")
RBI approves reappointment of N Kamakodi as City Union Bank MD and CEO
The tenure of his re-appointment would be for a period of three years with effect from May 1, 2023
 "RBI approves reappointment of N Kamakodi as City Union Bank MD and CEO")
AU Small Finance tumbles 5% in 4 sessions; what should investors do?
Last week, reports claimed that the Reserve Bank of India has raised concerns about the rapid rise in advances at AU Small Finance Bank
 "AU Small Finance tumbles 5% in 4 sessions; what should investors do?")
RBI imposes Rs 44 lakh penalty on 4 co-operative banks for violation
The Reserve Bank has imposed penalties totalling Rs 44 lakh on four cooperative banks, including a Rs 16 lakh penalty on Chennai-based The Tamil Nadu State Apex Co-operative Bank
 "RBI imposes Rs 44 lakh penalty on 4 co-operative banks for violation")
RBI harmonises provisioning norms for UBCs irrespective of their tier
The Reserve Bank on Monday harmonised the provisioning norms for standard assets applicable to all categories of urban cooperative banks (UCBs)
 "RBI harmonises provisioning norms for UBCs irrespective of their tier")
No need to activate countercyclical capital buffer for banking system: RBI
Credit to GDP gap is the difference between credit-to-GDP ratio and the long term trend value of credit-to-GDP ratio at any point in time, according to RBI
RBI to meet board members of PSU banks to address ethics issues on May 22
Reserve Bank Governor Shaktikanta Das is scheduled to meet the board of directors of all public sector banks next month to discuss issues related to governance and ethics
 "RBI to meet board members of PSU banks to address ethics issues on May 22")
Cumulative impact of monetary policy actions still unfolding: RBI guv Das
RBI Governor Shaktikanta Das, in the rate-setting panel meeting earlier this month, opined that the cumulative impact of the monetary policy actions over the last one year is still unfolding
 "Cumulative impact of monetary policy actions still unfolding: RBI guv Das")
RBI to come up with new rules on classification of accounts as fraudulent
The new rules will reportedly give the borrower a personal hearing before they are declared a wilful defaulter
 "RBI to come up with new rules on classification of accounts as fraudulent")
RBI calls meeting of all bank boards to discuss governance, supervisory
Ethics, supervisory expectations may also figure in May 29 meeting
 "RBI calls meeting of all bank boards to discuss governance, supervisory")
Bumpy ride ahead for green deposits with questions raised about workability
The RBI's framework for green deposits is well meant but raises many questions on its workability
 "Bumpy ride ahead for green deposits with questions raised about workability")
RBI's norms on outsourcing IT services will improve corporate governance
Reserve Bank's regulation on outsourcing of IT services by banking sector entities is aimed at improving corporate governance and will protect the interest of consumers, say industry experts
 "RBI's norms on outsourcing IT services will improve corporate governance")
When the randomness of monetary policy reminds one of a game of Ludo
The real issue may be that the RBI does not really subscribe to the mandate it has been given, and the govt, in a pre-election year, quietly supports such agnosticism, writes T N Ninan
Reserve Bank begins evaluating five potential bidders for IDBI Bank
Kotak Mahindra Bank, Prem Watsa-backed CSB Bank and Emirates NBD are among those that have submitted expressions of interest, two of the people said, speaking on condition of anonymity
 "Reserve Bank begins evaluating five potential bidders for IDBI Bank")
RBI to extend rate pause through year-end, likely done hiking: Poll
The Reserve Bank of India will likely keep interest rates unchanged at least until the end of this fiscal year, a Reuters poll of economists showed
India cenbank puts in place framework for acceptance of green deposits
RBIndia is putting in place a framework for the acceptance of green deposits to foster and develop an environment-friendly finance ecosystem in the country, which will come into effect from June 1
Loan securitisation up by a healthy 41% to Rs 1.8 trn in FY23: Icra
NBFCs, HFCs drive loan sell-downs to raise funds for rising credit demand; HDFC-HDFC Bank merger may dampen volume in FY24
 "Loan securitisation up by a healthy 41% to Rs 1.8 trn in FY23: Icra")
Reserve Bank likely to help states to analyse, frame their capex numbers
As of now, the states are handicapped because there is no format they can borrow from the centre to guide them on tracking their capex except the financial support
DLF, Godrej Prop: Realty stks still have room to build gains, say analysts
The pause, even if temporary, in the interest rate cycle is a positive development for the real estate sector and should see an increase in home-buying
 "DLF, Godrej Prop: Realty stks still have room to build gains, say analysts")
IT service outsource norms to kick in from October this year, says RBI
"The agreements that come into force on or after October 1 shall comply with the provisions of these directions from the date of agreement itself," RBI said
 "IT service outsource norms to kick in from October this year, says RBI")