Page 140 - Latest Updates on Reserve Bank of India
Microfinance attracts renewed attention after RBI's interest rate cap move
Within months of the RBI lifting the interest rate cap on such loans, the industry is seeing a steady rise in borrowing, especially among women in some of India's poorest districts
 "Microfinance attracts renewed attention after RBI's interest rate cap move")
Banks get time till Dec 31 to execute revised agreement with locker holders
The RBI further said there is a need for revision in the Model Agreement drafted by the Indian Banks' Association (IBA) to fully comply with the revised instructions
 "Banks get time till Dec 31 to execute revised agreement with locker holders")
NRIs' deposits touch $134 billion in November 2022: RBI bulletin
Old data for October 2022 had shown that outstanding amounts in NRI deposits had broken the streak of continuous fall for the first time in the fiscal year
 "NRIs' deposits touch $134 billion in November 2022: RBI bulletin")
RBI bought net $4.36 billion in spot forex market in November, shows data
The RBI said it purchased $22.28 billion and sold $17.92 billion in the spot market
 "RBI bought net $4.36 billion in spot forex market in November, shows data")
RBI's ECL move may hit capital position of smaller private banks
Over the past 5-10 years, the probability of default would have been very high for the banking sector and that's why eventual ECL provisions could be higher
 "RBI's ECL move may hit capital position of smaller private banks")
RBI prior approval now a must for picking up over 5% stake in banks
RBI has defined "major shareholding" as "aggregate holding" of five per cent or more of the paid-up share capital or voting rights in a banking company by a person
 "RBI prior approval now a must for picking up over 5% stake in banks")
Paytm bank gets RBI nod to operate as Bharat Bill Payment Operating Unit
So far, Paytm Payments Bank Ltd (PPBL) has been undertaking this activity under in-principle authorisation from RBI
 "Paytm bank gets RBI nod to operate as Bharat Bill Payment Operating Unit")
Rupee outlook positive, central bank eyed; bond yields likely to rise
Government bond yields are expected to tick up as investors shift focus to the upcoming budget
 "Rupee outlook positive, central bank eyed; bond yields likely to rise")
Govt extends tenure of Bank of Baroda MD Sanjiv Chadha by 5 months
The order dated January 14, 2023 comes ahead of his three-year tenure that ends on January 19
 "Govt extends tenure of Bank of Baroda MD Sanjiv Chadha by 5 months")
Focus must stay on core inflation, says RBI governor Shaktikanta Das
Banks developed culture of prudence; corporate loan demand to pick up
 "Focus must stay on core inflation, says RBI governor Shaktikanta Das")
Forex reserves drop by $1.268 billion to $561.583 billion, says RBI
India's forex reserves declined by USD 1.268 billion to USD 561.583 billion for the week ended January 6, the Reserve Bank said
 "Forex reserves drop by $1.268 billion to $561.583 billion, says RBI")
Banks want CRR, SLR, priority sector exemption for sovereign green bonds
Suggest green masala bond to attract foreign investors
 "Banks want CRR, SLR, priority sector exemption for sovereign green bonds")
IIP growth rebounds to 7.1% in Nov; retail inflation eases to 5.7% in Dec
RBI Governor Shaktikanta Das in his latest monetary policy statement had expressed concern over "sticky and elevated" core inflation, holding that the battle against inflation was not over yet
 "IIP growth rebounds to 7.1% in Nov; retail inflation eases to 5.7% in Dec")
RBI grants in-principle approval for payment aggregator licence to EnKash
Fintech startup EnKash has got in-principle approval from RBI for payment aggregator's licence, the company said on Wednesday
 "RBI grants in-principle approval for payment aggregator licence to EnKash")
10 NBFCs, 1 asset reconstruction firm defer registration certificates: RBI
The Reserve Bank of India on Wednesday said 10 NBFCs and one asset reconstruction company have surrendered their registration certificates
Govt extends RBI Deputy Governor Michael Patra's tenure by one year
Patra's three-year tenure was coming to an end on January 14
 "Govt extends RBI Deputy Governor Michael Patra's tenure by one year")
Paytm Payments Bank gets RBI nod for Surinder Chawla as new MD and CEO
Chawla is a veteran banker with over 28 years of experience across institutions such as HDFC Bank, RBL Bank, ABN Amro Bank, and Standard Chartered Bank
 "Paytm Payments Bank gets RBI nod for Surinder Chawla as new MD and CEO")
Top Headlines: India's GDP may grow 7% in FY23, forex reserves up by $44 mn
Business Standard brings you the top headlines at this hour
 "Top Headlines: India's GDP may grow 7% in FY23, forex reserves up by $44 mn")
Forex reserves up by $44 mn to $562.85 bn on rise in RBI gold reserves
Foreign currency assets declined by $302 mn to $498.19 bn in week ended Dec 30
 "Forex reserves up by $44 mn to $562.85 bn on rise in RBI gold reserves")
Employee strength of banks in pvt space almost equals PSBs': RBI data
The headcount in small finance banks was 14,179 in 2016-17, when they arrived on the scene
 "Employee strength of banks in pvt space almost equals PSBs': RBI data")