Page 125 - Latest Updates on Reserve Bank of India
Pace of lending to infrastructure sector tumbles sharply to 1.8% in May
The share of power sector loans is around half of the bank's infrastructure loan portfolio of Rs 12.22 trillion as of May 2023
 "Pace of lending to infrastructure sector tumbles sharply to 1.8% in May")
One in every 10 retail borrowers missing monthly payments: RBI report
According to RBI's financial stability report, the total of SMA-0, SMA-1 and SMA-2 in the retail advances in the public sector banks was 9.4% as of March 31
 "One in every 10 retail borrowers missing monthly payments: RBI report")
Despite current euphoria in market, returns in first half of 2023, modest
The rupee became the comeback kid, riding the crest of an FPI wave. Metals should forge ahead as should markets after a period of tumult
 "Despite current euphoria in market, returns in first half of 2023, modest")
TCS on foreign remittances: FinMin evaluates issues flagged by banks
July 1 deadline extension not ruled out
 "TCS on foreign remittances: FinMin evaluates issues flagged by banks")
RBI changes settlement, T-Bill auction date due to Bakri-Eid holiday shift
Auction for Govt of India T-bills, earlier set for June 29, will now be held on June 28, with settlement taking place on June 30
 "RBI changes settlement, T-Bill auction date due to Bakri-Eid holiday shift")
RBI finalises norms for banks to hold capital for operational risks
Apex bank will communicate date of implementation separately
RBI deputy governor Swaminathan Janakiraman gets supervision department
Swaminathan, a former managing director of State Bank of India, replaced M.K. Jain whose term ended on Jun 21
 "RBI deputy governor Swaminathan Janakiraman gets supervision department")
'RBI need not rush to ease rates unless certain of stable-low inflation'
Bhide's comments echo that of Governor Shaktikanta Das that a pivot can be considered when price-gains settle near the mid-point of its 2%-6% range on a durable basis
RBI's pivot to rate cuts to begin only in early 2024: Rating agency S&P
In India, under the assumption of normal monsoons, the rating agency expected the headline consumer inflation to soften to 5.0 per cent in fiscal 2024 (FY24) from 6.7 per cent in FY23
 "RBI's pivot to rate cuts to begin only in early 2024: Rating agency S&P")
Credit card dues up 30% in Apr; cross Rs 2 trillion mark for the first time
The Reserve Bank of India (RBI) has expressed its concern about the growing unsecured bank credit
 "Credit card dues up 30% in Apr; cross Rs 2 trillion mark for the first time")
More than two-thirds of Rs 2,000 notes returned within one month: Das
In a surprise move, but as part of the clean note policy, the Reserve Bank had on May 19 ordered the recall of the Rs 2,000 banknotes worth around R 3.62 trillion
 "More than two-thirds of Rs 2,000 notes returned within one month: Das")
Will strive to get CPI to 4%, El Nino a challenge for food inflation: Das
Governor Shaktikanta Das has said the Reserve Bank will strive to get headline inflation to its 4 per cent target but flagged El Nino as a challenge to its efforts
 "Will strive to get CPI to 4%, El Nino a challenge for food inflation: Das")
Inflation is slowing down personal consumption expenditure: RBI report
Even if the central bank has not ruled out further interest rate hikes, bank lending and deposit rates have started to soften
 "Inflation is slowing down personal consumption expenditure: RBI report")
India and UK regulators close to resolving clearing house impasse
The legal framework of India, as implemented by the RBI, provides for an effective equivalent system for the recognition of central counterparties authorised under other regimes of other countries
 "India and UK regulators close to resolving clearing house impasse")
Manipur violence: What are RBI's riot relief measures invoked by the state?
The rules under these measures specify several norms that must be followed for restructuring the loans, providing fresh loans and other measures, including KYC norms
 "Manipur violence: What are RBI's riot relief measures invoked by the state?")
Rewards and risks
Picking small stocks is always difficult
 "Rewards and risks")
RBI supervision not meant to be intrusive or punitive: Deputy Governor Jain
Jain, whose 5-year tenure ends today, talks about the importance of technology, customer service and financial inclusion, besides the RBI's focus on governance at banks and every financial institution
 "RBI supervision not meant to be intrusive or punitive: Deputy Governor Jain")
Eyeing expansion, Reliance gets RBI's special approval to raise funds
The money is likely to be used to support the working capital needs of the company besides expansion in energy and telecom businesses
 "Eyeing expansion, Reliance gets RBI's special approval to raise funds")
Compromise with wilful defaulters to help banks recover dues much faster
RBI says compromise settlement is not a new regulation, has been around for over 15 years; But unlike normal defaulters, wilful and fraud accounts barred from availing bank finance for 5 years
 "Compromise with wilful defaulters to help banks recover dues much faster")
Surplus liquidity falls to lowest in 2 months due to advance tax outflows
Due to the fall in surplus liquidity, the RBI conducted variable rate repo (VRR) auction after a month on Monday
 "Surplus liquidity falls to lowest in 2 months due to advance tax outflows")