Page 142 - Latest Updates on Reserve Bank of India
Indian economy resilient amid global shocks: RBI Governor Shaktikanta Das
Inflation is forecast to rise to 8.8 per cent in 2022, with both headline and core inflation staying well above targets in AEs and EMDEs, the report noted
 "Indian economy resilient amid global shocks: RBI Governor Shaktikanta Das")
India's current account deficit in July-Sept rises sharply to 4.4% of GDP
The net outgo from the primary income account, mainly reflecting payments of investment income, increased to $12 billion from $9.8 billion a year ago
 "India's current account deficit in July-Sept rises sharply to 4.4% of GDP")
Banks' net NPA ratio at 10-yr low, GNPAs continue downward journey: RBI
FSR shows lenders can absorb shocks without capital infusion
 "Banks' net NPA ratio at 10-yr low, GNPAs continue downward journey: RBI")
Frontloaded actions to bring inflation further under control: RBI report
India's retail inflation has moderated after remaining above upper tolerance level since Jan and frontloaded monetary policy actions are expected to bring it further under control, RBI report said
 "Frontloaded actions to bring inflation further under control: RBI report")
Extraterritorial reach of regulators weakens domestic stability: RBI
Discussions with foreign regulators positive
 "Extraterritorial reach of regulators weakens domestic stability: RBI")
Gross NPA ratio falls to 7-yr low of 5%, banking system remains sound: RBI
The RBI on Thursday said banks' gross NPA ratio has fallen to a sever-year low of 5 per cent and the banking system remains sound and well-capitalised
 "Gross NPA ratio falls to 7-yr low of 5%, banking system remains sound: RBI")
Bank frauds from card, net-based transactions rise, shows RBI report
In terms of the number of frauds, the modus operandi seems to have shifted to card or internet-based transactions
 "Bank frauds from card, net-based transactions rise, shows RBI report")
Monetary policy making: 2022 was year of reset, 2023 could be a long pause
25 bps raise likely in Feb, before RBI hits status quo button, feel experts
 "Monetary policy making: 2022 was year of reset, 2023 could be a long pause")
Speed and capacity
Restoring trust in IBC must be a priority
 "Speed and capacity")
NBFCs need to be mindful of rising borrowing costs, says RBI report
'NBFCs need to be wary of rising borrowing costs as financial conditions tighten'
 "NBFCs need to be mindful of rising borrowing costs, says RBI report")
Realisation through IBC 201% of liquidation value as of Sept: RBI
SARFAESI and Debt Recovery Tribunals have yielded recovery rates comparable to the IBC mechanism, says Trend and Progress Report
Banks' balance sheet grows in double digits after 7 years: RBI report
Gross NPA slips to 5%; regulator flags slippages from recast accounts
 "Banks' balance sheet grows in double digits after 7 years: RBI report")
Retail loans likely to become a source of systemic risk, warns RBI
Retail loans, long considered a panacea for the banking system, may become a systemic risk, the Reserve Bank said on Tuesday
Number of banking frauds go up in FY22; substantially down by value: RBI
Banking frauds increased in number terms but the amount involved more than halved in FY2021-22, the Reserve Bank said on Tuesday
 "Number of banking frauds go up in FY22; substantially down by value: RBI")
Banks may need to lift deposit rates as credit demand surges: RBI report
The Reserve Bank of India has raised rates aggressively this year to tame inflation. While banks have swiftly transmitted the hikes to their lending rates, deposit rates have been laggards for most
 "Banks may need to lift deposit rates as credit demand surges: RBI report")
RBI cracked whip on ICICI, others for flouting norms, but was ignored: RTI
The Reserve Bank of India had slapped show cause notices (SCNs) and imposed penalties on the ICICI Bank and certain other banks way back in 2017, for violating various norms, according to a RTI reply
RBI to streamline charges for a safer, more affordable payments system
The central bank had released a discussion paper in August that outlined existing rules for charges, while presenting other options through which these could be levied
 "RBI to streamline charges for a safer, more affordable payments system")
Banks' GNPAs fall 5% in Sept, but current situation can impact health: RBI
Indian banks' gross non-performing assets declined to 5.8 per cent, but the present macroeconomic environment can impact lenders' health, the Reserve Bank said on Tuesday
 "Banks' GNPAs fall 5% in Sept, but current situation can impact health: RBI")
Only 8.2% of 463 million Jan Dhan accounts are zero balance: RBI report
81.2% were operative as of August 2022, up from 76% in 2017
 "Only 8.2% of 463 million Jan Dhan accounts are zero balance: RBI report")
Reducing core inflation key to easing prices: MPC member Shashanka Bhide
Core inflation, calculated after stripping out volatile food and energy prices, has stayed above 6% for 14 months in a row, while retail inflation cooled to 5.88% in November
 "Reducing core inflation key to easing prices: MPC member Shashanka Bhide")