Page 144 - Latest Updates on Reserve Bank of India
BS BFSI Insight Summit 2022: RBI Deputy Guv T Rabi Sankar to speak
Sankar was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor. A career central banker, he joined the RBI in 1990 and has worked in a variety of positions
 "BS BFSI Insight Summit 2022: RBI Deputy Guv T Rabi Sankar to speak")
BS BFSI Insight Summit: India's biggest BFSI Summit to kick off on Dec 21
The country's biggest BFSI Summit will feature some of the most prominent voices in India's economic landscape, including RBI Governor Shaktikanta Das, Deputy Governors, and SBI chairman
 "BS BFSI Insight Summit: India's biggest BFSI Summit to kick off on Dec 21")
BS BFSI Insight Summit 2022: RBI Deputy Guv M Rajeshwar Rao to speak
Rao looks after the Department of Regulation, the Department of Communication, the Enforcement Department, the Inspection Department, the Legal Department and the Risk Monitoring Department
 "BS BFSI Insight Summit 2022: RBI Deputy Guv M Rajeshwar Rao to speak")
BS BFSI Insight Summit 2022: Leading economists to discuss recession fears
From Aditi Nayar the Chief Economist at ICRA to Mridul Saggar, professor of practice, IIM Kozhikode; formerly MPC Member and RBI ED, here is the full list of economists on BFSI panel
 "BS BFSI Insight Summit 2022: Leading economists to discuss recession fears")
Liquidity slips into deficit; RBI cash injections at over one-month high
Tax outflows drive tightness; banks face pressure to raise deposit rates
 "Liquidity slips into deficit; RBI cash injections at over one-month high")
HDFC raises home loan rates by 35 bps, effective from December 20
With this rate hike, HDFC has now passed on the entire rate hike done by the six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) to the borrowers
 "HDFC raises home loan rates by 35 bps, effective from December 20")
Looking back at 2022: RBI's regulatory review 2.0 is a game-changer
It has taken nearly two decades for RRA 2.0 to be set up under Shaktikanta Das in November 2021; and its recommendations in June this year must surely go down as a major reform
 "Looking back at 2022: RBI's regulatory review 2.0 is a game-changer")
Axis Bank hikes MCLR by 30 bps across the board, effective December 17
This comes after RBI's monetary policy committee raised repo rate by 35 bps earlier this month to take it to 6.25%
 "Axis Bank hikes MCLR by 30 bps across the board, effective December 17")
India's economic activity may have slowed down in Nov as resilience wanes
Demand for bank credit remained healthy at 17.2%, even amidst tighter liquidity conditions and higher borrowing costs, Reserve Bank of India data showed
 "India's economic activity may have slowed down in Nov as resilience wanes")
Four years and four challenges of RBI governor
Shaktikanta Das is nimble-footed and open to ideas - a trapeze artist, and a master of the finest balancing act who listens to all but takes his own decisions
On balance, India is in a sweet spot
We have emerged as a source of global economic stability and are still the fastest-growing large economy
Kerala HC asks why RBI did not appear despite being served notice
Kerala HC asked why RBI did not appear before it even after being served a notice on pleas challenging the summons issued by ED in connection with its probe into the financial transactions of KIIFB
 "Kerala HC asks why RBI did not appear despite being served notice")
Digital lenders seek cap on default loss guarantee models from RBI
They suggested that the central bank could look at a reasonable cap to the FLDG models, given RBI's concerns of around build-up of systemic risk and 100% risk transfer rather than banning it outright
 "Digital lenders seek cap on default loss guarantee models from RBI")
RBI's forex reserves rise for fifth straight week to $564.07 billion
According to analysts, the increase in the RBI's reserves is owing to revaluation as well as the central bank's purchases of the greenback as it looks to replenish the reserves
 "RBI's forex reserves rise for fifth straight week to $564.07 billion")
Fintech firms Razorpay, Cashfree can't onboard new merchants for now
Razorpay said it was a temporary move and will not have any impact on its existing business operations and current merchants
 "Fintech firms Razorpay, Cashfree can't onboard new merchants for now")
RBI's central board reviews current economic situation, challenges
The central board of the Reserve Bank on Friday reviewed the prevailing economic situation and challenges emanating from geopolitical developments
Short-duration funds suit conservative investors during pause in rate cycle
Take a tactical bet on longer-duration funds when RBI moves to a tightening stance
 "Short-duration funds suit conservative investors during pause in rate cycle")
Forex reserves swell by $2.91 billion to $564.06 billion as of Dec 9
India's forex reserves rose by $2.908 billion to $564.06 billion for the week ended on December 9, according to the Reserve Bank data released on Friday
 "Forex reserves swell by $2.91 billion to $564.06 billion as of Dec 9")
Govt had no outstanding loans from RBI in Dec 9 week, says central bank
The central government had no outstanding loans in the week earlier as well
 "Govt had no outstanding loans from RBI in Dec 9 week, says central bank")
Rice, wheat inflation continue to rise contrary to overall inflation
The retail inflation rate in wheat rose to 19.67 per cent in November from 17.64 per cent in October
 "Rice, wheat inflation continue to rise contrary to overall inflation")