Page 126 - Latest Updates on Reserve Bank of India
Rakesh Bhartia withdraws nomination as Fino PB part time chairman
To continue as board member, RBI yet to approve for chairman
 "Rakesh Bhartia withdraws nomination as Fino PB part time chairman")
Even at 4.25% inflation rate, Das sees disinflation process as protracted
Waning of base effect and uncertainty over monsoon may come in the way of disinflation, going forward
 "Even at 4.25% inflation rate, Das sees disinflation process as protracted")
Reports of missing Rs 500 notes based on erroneous information, says RBI
"The RBI emphasizes that these reports are not correct," the regulator said in a press release
 "Reports of missing Rs 500 notes based on erroneous information, says RBI")
RBI maintains a pause on rates in step with global markets - it helps
The markets have been on a high for the past few sessions, particularly the Nifty, which consistently touched and even crossed the 18,000 mark earlier this week
 "RBI maintains a pause on rates in step with global markets - it helps")
Top headlines: RBI on Rs 500 notes report, India to have 40% of workforce
Business Standard brings you the top headlines at this hour
 "Top headlines: RBI on Rs 500 notes report, India to have 40% of workforce")
Reports of missing Rs 500 notes based on erroneous information, says RBI
Following these claims, the central bank has urged the public to rely on the information published by itself in cases pertaining to such matters
 "Reports of missing Rs 500 notes based on erroneous information, says RBI")
Wilful defaulters may get loan after five years of compromise settlement
Debt restructuring to be allowed only if promoter changes
 "Wilful defaulters may get loan after five years of compromise settlement")
Banks seek RBI's clarification on fresh funding to wilful defaulters
Banks typically calculate the net present value (NPV) of the security and compare it with the settlement amount, which is mostly in cash
 "Banks seek RBI's clarification on fresh funding to wilful defaulters")
India will be among fastest growing economies in 2023: RBI Governor
RBI Governor Shaktikanta Das on Tuesday expressed confidence that India will be among fastest growing economies in the world in 2023 which would grow at the rate of 6.5 per cent in the current fiscal
 "India will be among fastest growing economies in 2023: RBI Governor")
Disinflation process may be slow, protracted: RBI governor Shaktikanta Das
Das says India likely to remain among the fastest growing economies this year
Sizzling rally in Indian property stocks seen extending over cuts on rates
The NSE Nifty Realty Index has gained 36% since a March-low as cooling inflation allowed the Reserve Bank of India to keep rates on hold
 "Sizzling rally in Indian property stocks seen extending over cuts on rates")
India's inflation is higher than other key developing economies, shows data
In its outlook on inflation last week, the RBI maintained that the headline inflation is to be shaped by food price dynamics
 "India's inflation is higher than other key developing economies, shows data")
Productivity growth critical for recovery of emerging economies: Patra
Michael Patra, in a speech delivered at the Sixth Asia KLEMS Conference on Sunday, said it is widely believed that structural slowdown has been spreading across the global economy after growth peaked
 "Productivity growth critical for recovery of emerging economies: Patra")
FLDG guidelines: Digital lending industry seeks increase in default cover
Several players say default cover of up to 5% of loan portfolio may not be enough when compared to 100% offered by companies to banking partners earlier
 "FLDG guidelines: Digital lending industry seeks increase in default cover")
RBI to levy penalties on banks that lose property papers of loan seekers
Banks may have to compensate borrowers and also pay a penalty if they lose the original property documents of loan seekers
 "RBI to levy penalties on banks that lose property papers of loan seekers")
Consumers as political bellwether: What duality in sentiment may mean
If inflation cools, employment improves, and growth is above average, it is possible the current consumer confidence level will cross 100 again, for the first time since 2019, writes T N Ninan
 "Consumers as political bellwether: What duality in sentiment may mean")
Going to the bank with Rs 2,000 notes? Things you should keep in mind
The I-T department is keeping a close watch on cash transactions that deposit more than Rs 10 lakh in a saving account or more than Rs 50 lakh in current accounts
 "Going to the bank with Rs 2,000 notes? Things you should keep in mind")
RBI needs monsoon to deliver before weighing rate cuts in next MPC meet
The weather announcement on Thursday provided some relief to the rate-setters and millions of farmers across India, but the concerns are not quite over
 "RBI needs monsoon to deliver before weighing rate cuts in next MPC meet")
RBI not planning to issue norms to regulate social media influencers
The Advertising Standards Council of India has laid down guidelines for influencers, who can influence purchasing and investing decisions
Monetary policy review: CBDC QR codes likely to be interoperable with UPI
RBI plans to have 1 mn active customers by June-end
 "Monetary policy review: CBDC QR codes likely to be interoperable with UPI")