Page 131 - Latest Updates on Reserve Bank of India
RBI updates KYC instructions on wire transfers for banks, institutions
The Reserve Bank instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the originator and beneficiary
 "RBI updates KYC instructions on wire transfers for banks, institutions")
India's green financing requirement estimated at 2.5% of GDP: RBI Study
India's green financing requirement is estimated to be at least 2.5 per cent of GDP annually till 2030, a Reserve Bank report said on Wednesday
 "India's green financing requirement estimated at 2.5% of GDP: RBI Study")
UCO Bank Q4 net profit rises 86% to Rs 581.24 cr, NPA down to 4.78%
The loan Book of UCO Bank also reached its highest-ever level of Rs 11.6 trillion against a loan book of Rs 12.9 trillion last year
 "UCO Bank Q4 net profit rises 86% to Rs 581.24 cr, NPA down to 4.78%")
State-run banks likely to launch special drive to recover written-off loans
The government has instructed public sector banks (PSBs) to focus on written-off loans, a senior official said
 "State-run banks likely to launch special drive to recover written-off loans")
As risks loom, RBI asks banks not to increase exposure to unsecured loans
The RBI has instructed banks to limit their unsecured loan portfolios to the levels seen in FY23, a CEO of a private bank said
 "As risks loom, RBI asks banks not to increase exposure to unsecured loans")
Looking closely at banks' business models: RBI governor Shaktikanta Das
Talking about operational resilience, Das said banks need effective policies regarding cyber risks
 "Looking closely at banks' business models: RBI governor Shaktikanta Das")
Succession planning at pvt banks is a major issue: RBI on board governance
At a first-of-its kind open house with bank boards next month, Mint Road can be expected to do some plain speaking on long-festering issues of management and ethics
 "Succession planning at pvt banks is a major issue: RBI on board governance")
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 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)
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