Page 124 - Latest Updates on Reserve Bank of India
RBI looking at coming out with fintech regulations: DG Rabi Sankar
The Reserve Bank is looking at coming out with a regulation for fintech players, Deputy Governor T Rabi Sankar said on Friday
 "RBI looking at coming out with fintech regulations: DG Rabi Sankar")
Decoded: What is internationalisation of rupee? How will it benefit India?
What does the internationalisation of the Indian rupee mean and how will it make India a competitor of the US dollar? Decoded here
 "Decoded: What is internationalisation of rupee? How will it benefit India?")
RBI looking to enhance fintech regulations, says Dy Guv T Rabi Sankar
The central bank has been monitoring the fintech space lately to ensure financial stability and mitigate risks related to cybersecurity and prevent fraud
 "RBI looking to enhance fintech regulations, says Dy Guv T Rabi Sankar")
India's campaign to internationalise rupee gets off to a slow start
The Reserve Bank of India has allowed more than a dozen banks to settle trades in rupees with 18 countries since last year and is encouraging big oil exporters to accept the Indian currency
 "India's campaign to internationalise rupee gets off to a slow start")
RBI governor Shaktikanta Das asks states to improve expenditure quality
At a disaggregated level, a few large states have debt-to GSDP ratios exceeding 35 per cent, the report added
 "RBI governor Shaktikanta Das asks states to improve expenditure quality")
Reserve Bank of India appoints P Vasudevan as new executive director
The appointment is with effect from July 3, RBI said in a statement
Indian lenders want RBI to conduct more overnight reverse repo auctions
The Indian central bank has been conducting shorter duration two-day VRRRs through the week, before being prompted by lenders to resort to an overnight auction
 "Indian lenders want RBI to conduct more overnight reverse repo auctions")
RBI permits UBS-owned Credit Suisse to keep Indian banking license
Tom Wipf from Morgan Stanley, who will play a key role in the tie-up of the two banks and in facilitating the integration of Credit Suisse and UBS
 "RBI permits UBS-owned Credit Suisse to keep Indian banking license")
RBI cancels licenses of two co-operative banks in Maharashtra, Karnataka
The two co-operative banks ceased to carry on banking business with effect from the close of business on Wednesday, RBI said in two separate statements
 "RBI cancels licenses of two co-operative banks in Maharashtra, Karnataka")
RBI issues draft circular on issuance of debit, credit, prepaid cards
RBI directive tells debit, credit and prepaid card issuers to give customers more freedom to choose networks
 "RBI issues draft circular on issuance of debit, credit, prepaid cards")
T-bills auction sees firm demand amid lower supply in quarter ending June
A few dealers said that the firm demand for T-bills may help steepen the yield curve in the second quarter
 "T-bills auction sees firm demand amid lower supply in quarter ending June")
Central banks set to diverge on rates as stubborn inflation stalks Fed, ECB
With another hike in interest rates anticipated by the Federal Reserve and the European Central Bank for July, and some peers on a similar track
 "Central banks set to diverge on rates as stubborn inflation stalks Fed, ECB")
RBI's VRRR auction sees tepid demand as banks look for better returns
According to bankers, there are other investment avenues which fetch them higher returns than 6.49% that RBI offers
 "RBI's VRRR auction sees tepid demand as banks look for better returns")
RBI rejects small finance bank application of Akhil Gupta, two others
The regulator has received 12 applications for setting up small finance banks
Consumer demand revival may take one more year despite moderating inflation
RBI's MPC said going forward, the inflation trajectory would be guided by food dynamics
 "Consumer demand revival may take one more year despite moderating inflation")
Gap between perceptions, expectations narrowing to pre-Covid level: Patra
The combined impact of the pandemic and the war in Ukraine led to significant disruptions, causing gaps in available data and resulting in substantial errors, the deputy governor said.
76% of Rs 2,000 bank notes returned to banks till June 30, says RBI
Bank notes' withdrawal from circulation was announced on May 19
 "76% of Rs 2,000 bank notes returned to banks till June 30, says RBI")
76% of Rs 2,000 banknotes returned to banks since May 19; 87% as deposits
According to RBI, as on May 19, the total value of Rs 2,000 notes in circulation was Rs 3.56 trillion and out of this, notes worth Rs 2.72 trillion have been returned
 "76% of Rs 2,000 banknotes returned to banks since May 19; 87% as deposits")
Covid-19, Ukraine war led to data gaps in 2022: RBI dy governor Patra
Analysis of forecast errors show there is no systematic bias in system, he says
 "Covid-19, Ukraine war led to data gaps in 2022: RBI dy governor Patra")
Rupee hits near 2-month high on dollar inflows, RBI may have stepped in
The focus this week is on the slew of important US data releases. The ISM US manufacturing data is due later in the day, followed by their services print on Wednesday
 "Rupee hits near 2-month high on dollar inflows, RBI may have stepped in")