Page 127 - Latest Updates on Reserve Bank of India
RBI to come out with guidelines regarding fraud account classification
The Reserve Bank will 'shortly' come out with revised guidelines on fraudulent account classification to take into account the recent apex court order that asked lenders to ensure natural justice
 "RBI to come out with guidelines regarding fraud account classification")
RBI MPC LIVE updates: Roughly 50% of Rs 2000 notes have come back, says Das
RBI MPC Policy LIVE: Catch live updates from RBI's monetary policy announcement here
 "RBI MPC LIVE updates: Roughly 50% of Rs 2000 notes have come back, says Das")
50% of Rs 2,000 notes returned to banks since announcement: RBI Guv Das
RBI governor Shaktikanta Das added that out of all the notes that have been coming back, 85 per cent have come back in the form of bank deposits
 "50% of Rs 2,000 notes returned to banks since announcement: RBI Guv Das")
Indian shares rise after RBI keeps repo rate unchanged at 6.5% in MPC meet
The Indian rupee remained mostly unchanged after the policy decision, while the benchmark 10-year bond yield rose to 7.01%
 "Indian shares rise after RBI keeps repo rate unchanged at 6.5% in MPC meet")
RBI MPC: When and where to watch policy announcement by Shaktikanta Das
RBI monetary policy: In April, the MPC had decided to pause the repo rate hike for the first time since May 2022
 "RBI MPC: When and where to watch policy announcement by Shaktikanta Das")
RBI policy 2023: A look at the existing repo rate, trends and other figures
RBI policy: Shaktikanta Das will announce the MPC decision today at 10 am
Stocks to Watch today, June 8: Banks, Auto, Lemon Tree, Adani Ent, Titagarh
Stocks to Watch on June 8, 2023: Shares of banks, automobile, and real estate companies could see considerable action in Thursday's session as the Reserve Bank of India (RBI) is slated to announce its
 "Stocks to Watch today, June 8: Banks, Auto, Lemon Tree, Adani Ent, Titagarh")
Nearly 80% Indians depositing Rs 2,000 notes instead of exchanging: Report
Back in May 2023, the central bank said that it would withdraw Rs 2,000 notes from circulation and allowed people to exchange or deposit these notes latest by September 30, 2023
 "Nearly 80% Indians depositing Rs 2,000 notes instead of exchanging: Report")
Tepid response to RBI's two-day VRRR auction; banks park Rs 1,850 crore
The central bank infuses liquidity into the banking system using repos and sucks it out using reverse repos
 "Tepid response to RBI's two-day VRRR auction; banks park Rs 1,850 crore")
RBI Monetary Policy set to be announced today; here's what to expect
RBI Monetary Policy: This will be the third time in 2023 that the MPC will announce its policy decision
 "RBI Monetary Policy set to be announced today; here's what to expect")
RBI expected to pause again with markets watching for shift in stance
India's latest quarterly growth figures exceeded estimates last week, bringing about an expansion of 7.2% for the last fiscal year
 "RBI expected to pause again with markets watching for shift in stance")
Visits to banks, physical presentation of documents can be avoided: Report
The report also suggested that REs may adopt Faceless / Straight Through Processes' (STPs) in order to close accounts, and/or accept, acknowledge, and track the communication by the customer
 "Visits to banks, physical presentation of documents can be avoided: Report")
RBI's MPC starts deliberations on policy rate, decision on Thursday
The Reserve Bank's rate-setting monetary policy panel began deliberations on Tuesday amid expectations that the central bank will keep the benchmark interest rates unchanged at 6.5 per cent
Centre directs banks to ensure nominees for all accounts and lockers
A bank official said that both the government and the RBI have stated that money should not be accumulated in the depositor education and awareness fund
 "Centre directs banks to ensure nominees for all accounts and lockers")
Bring bank charges under supervisory purview: RBI customer service panel
Take a view of "reasonableness of charges" levied by banks, REs: RBI customer service panel
RBI-appointed panel suggests host of customer-centric initiatives for banks
An RBI-appointed panel on Monday recommended hosts of customer-centric initiatives for banks, including online settlement of claims by heirs of deceased account holders
 "RBI-appointed panel suggests host of customer-centric initiatives for banks")
Rupee set to touch 83-per US dollar mark if RBI remains on hold this week
Thursday's policy review will help shape the rupee's fortunes, with traders expecting little reprieve after the currency fell under the weight of a stronger greenback in May
 "Rupee set to touch 83-per US dollar mark if RBI remains on hold this week")
MPC likely to hit pause again on repo rate: Business Standard Poll
Most economists see FY24 inflation forecast likely being revised downward to 5% but no change in stance
 "MPC likely to hit pause again on repo rate: Business Standard Poll")
Status quo on rate, but will the stance change?
We have come to the end of the rate-hike cycle. The speculation is on the timing of the first rate cut. It won't happen anytime soon
RBI may maintain pause on interest rate as inflation declines: Experts
RBI will maintain the policy repo rate at 6.5% during its upcoming June 8 announcement indicating the effectiveness of previous policy rate actions, anticipate experts