Page 132 - Latest Updates on Reserve Bank of India
Reserve Bank begins evaluating five potential bidders for IDBI Bank
Kotak Mahindra Bank, Prem Watsa-backed CSB Bank and Emirates NBD are among those that have submitted expressions of interest, two of the people said, speaking on condition of anonymity
 "Reserve Bank begins evaluating five potential bidders for IDBI Bank")
RBI to extend rate pause through year-end, likely done hiking: Poll
The Reserve Bank of India will likely keep interest rates unchanged at least until the end of this fiscal year, a Reuters poll of economists showed
 "RBI to extend rate pause through year-end, likely done hiking: Poll")
India cenbank puts in place framework for acceptance of green deposits
RBIndia is putting in place a framework for the acceptance of green deposits to foster and develop an environment-friendly finance ecosystem in the country, which will come into effect from June 1
Loan securitisation up by a healthy 41% to Rs 1.8 trn in FY23: Icra
NBFCs, HFCs drive loan sell-downs to raise funds for rising credit demand; HDFC-HDFC Bank merger may dampen volume in FY24
 "Loan securitisation up by a healthy 41% to Rs 1.8 trn in FY23: Icra")
Reserve Bank likely to help states to analyse, frame their capex numbers
As of now, the states are handicapped because there is no format they can borrow from the centre to guide them on tracking their capex except the financial support
DLF, Godrej Prop: Realty stks still have room to build gains, say analysts
The pause, even if temporary, in the interest rate cycle is a positive development for the real estate sector and should see an increase in home-buying
 "DLF, Godrej Prop: Realty stks still have room to build gains, say analysts")
IT service outsource norms to kick in from October this year, says RBI
"The agreements that come into force on or after October 1 shall comply with the provisions of these directions from the date of agreement itself," RBI said
 "IT service outsource norms to kick in from October this year, says RBI")
End may be in sight for global interest rate-hike cycle as Fed nears peak
The short-lived peak for global rates, according to a gauge calculated by Bloomberg Economics, will be 6% in the third quarter. By the end of next year, that measure is seen dropping to 4.9%
 "End may be in sight for global interest rate-hike cycle as Fed nears peak")
RBI simplifies CIC application form, prunes list of documents required
But it reserves the right to call for any further documentation beyond the mandated 18
 "RBI simplifies CIC application form, prunes list of documents required")
India's overnight swap market pricing in rate cuts before 2023 end: Experts
OIS rates, often seen as the clearest indication of future policy rate actions, are interest rate derivative products that move as per the expectations of rate trajectory
 "India's overnight swap market pricing in rate cuts before 2023 end: Experts")
Indian Overseas Bank raises FD rates; senior citizens to get 7.75% interest
This announcement is in line with the Reserve Bank of India's decision to keep the repo unchanged at 6.5%
 "Indian Overseas Bank raises FD rates; senior citizens to get 7.75% interest")
Home loan rates over Rs 75 lakh to get dearer as risk weight rises again
Risk weight back to pre-pandemic level of 50%
 "Home loan rates over Rs 75 lakh to get dearer as risk weight rises again")
Weekend Bites: Pause not pivot, GDP, Doge, and litti-chokha for thought
In which we munch over the week's platter of news and views
 "Weekend Bites: Pause not pivot, GDP, Doge, and litti-chokha for thought")
RBI estimate too optimistic, will pivot to rate cuts in October: Nomura
Japanese brokerage Nomura on Friday said Reserve Bank's 6.5 per cent real GDP growth estimate for FY24 is too optimistic, and the central bank will pivot to rate cuts from October
 "RBI estimate too optimistic, will pivot to rate cuts in October: Nomura")
Foreign exchange reserves at $578.45 bn, snaps 2-week rise, shows RBI data
A comfortable level of foreign exchange reserves will further bolster macroeconomic stability, RBI Governor Shaktikanta Das said while announcing the bank's monetary policy decision on Thursday.
 "Foreign exchange reserves at $578.45 bn, snaps 2-week rise, shows RBI data")
It's just a pause, not a pivot, says Shaktikanta Das on RBI's status quo
FY24 inflation projection cut to 5.2%; growth forecast at 6.5%
 "It's just a pause, not a pivot, says Shaktikanta Das on RBI's status quo")
Realty, auto firms expect demand to remain intact after RBI holds rate
Sales in the affordable segment (units priced below Rs 40 lakh) dipped between 2019 and 2022 and further in the first quarter of 2023, said Anuj Puri, chairman of Anarock
 "Realty, auto firms expect demand to remain intact after RBI holds rate")
Portal for unclaimed deposits across banks to be ready in 3-4 months: RBI
The deposits remaining unclaimed for 10 years in a bank are transferred to the 'Depositor Education and Awareness' (DEA) Fund maintained by RBI
Reserve Bank of India goes for a hawkish pause
The RBI has paused because it wants to evaluate the cumulative impact of the past rate hikes
 "Reserve Bank of India goes for a hawkish pause")
A prudent comma, not a myopic full stop!
The RBI has not used the word stickiness in its policy statement while characterising core inflation, but instead used "unyielding core inflation"
 "A prudent comma, not a myopic full stop!")