Page 147 - Latest Updates on Reserve Bank of India
Will RBI devise rules to regulate public sector banks amid rising scams
This has obviously made things lopsided when it comes to governance of Indian banks. For instance the Reserve Bank of India can issue guidelines to private banks or foreign banks, but not to the PSBs
 "Will RBI devise rules to regulate public sector banks amid rising scams")
RBI's MPC starts deliberations amid expectations of moderate rate hike
The Reserve Bank's rate-setting panel on Monday started brainstorming for the next round of monetary policy amid expectations of a moderate interest rate hike of 25-35 basis points
 "RBI's MPC starts deliberations amid expectations of moderate rate hike")
Anonymity achieved in all retail CBDC wallet-to-wallet dealings done so far
Around 2,000 transactions recorded in first three days of pilot; aim now is to erase digital trails between wallets
 "Anonymity achieved in all retail CBDC wallet-to-wallet dealings done so far")
A 35-basis-point rate increase could be par for the course
This will take the policy rate to 6.25% and the RBI can continue with an open-ended statement, refraining from sounding dovish
Don't take foot off pedal
RBI should note that inflation still menaces the economy
 "Don't take foot off pedal")
In King Cash's castle: Businesses in disarray, RBI to take a closer look
The CLA has submitted a "confidential update" to the banking regulator, which has also set up an internal committee to monitor developments
 "In King Cash's castle: Businesses in disarray, RBI to take a closer look")
RBI likely to moderate rate tightening amid retail inflation, say experts
According to experts, after three consecutive 50 basis point rate hikes, the RBI may decide to reduce the rate increase by 25 to 35 basis points for lending rates
Saw many threats from crypto; CBDC was the way forward: RBI DG Sankar
Implementing NPCI volume-cap right now may have caused friction in UPI
 "Saw many threats from crypto; CBDC was the way forward: RBI DG Sankar")
Don't hike repo rate by more than 25-35 bps: Assocham's advice to RBI
With Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) set to meet to decide on the policy rate revision, industry lobby body Assocham has urged the former for a moderate hike
 "Don't hike repo rate by more than 25-35 bps: Assocham's advice to RBI")
Core activities of a bank should not be outsourced, says RBI's AK Choudhary
"While outsourcing it is very important that adequate safeguards are established to seal the situation as well as the financial stability of the banking system," Choudhary added
Retail CBDC a game-changer, should improve monetary transmission: SBI chief
Anonymity factor is critical for its acceptance, asserts Dinesh Khara
 "Retail CBDC a game-changer, should improve monetary transmission: SBI chief")
Forex reserves rise for third week in a row; up $2.9 bn to $550.14 bn
Fall in US dollar index seen providing revaluation boost to RBI reserves
 "Forex reserves rise for third week in a row; up $2.9 bn to $550.14 bn")
Bank credit grows 17.2% YoY to Rs 129.48 trn in fortnight to Nov 18
Deposit growth rises 9.6%, analysts cite FPI flows, govt spending
 "Bank credit grows 17.2% YoY to Rs 129.48 trn in fortnight to Nov 18")
Assocham asks RBI to moderate rate hikes to avoid impact on recovery
Industry body Assocham on Friday asked the Reserve Bank, which has hiked the key policy rate by 190 basis points since May, to moderate the interest rate hikes
India's forex reserves rise for third straight week to $550.14 billion
India's foreign exchange reserves rose for the third straight week, to $550.14 billion in the week through November 25, RB) weekly statistical supplement showed on Friday
 "India's forex reserves rise for third straight week to $550.14 billion")
Bank credit grows nearly 17% for fortnight ended Nov 18, says RBI
Indian banking system's outstanding credit grew by 16.96 per cent for the fortnight ended November 18, the Reserve Bank said on Friday
Rupee premiums close to bottoming, RBI key moving part, says report
The 1-year rupee overnight index swaps declined about 30 bps in November, helped by a better inflation outlook domestically
 "Rupee premiums close to bottoming, RBI key moving part, says report")
India's CAD likely to shoot up as net exports hit nine-year low
India's CAD stood at 2.8 per cent of GDP in Q1FY23, compared with 1.5 per cent of GDP in the January-March quarter of 2021-22
 "India's CAD likely to shoot up as net exports hit nine-year low")
IBC process: Resolution and distribution of funds may be separated
IBC amendments likely in the Budget Session, MCA also rethinking priority given to govt dues in the waterfall mechanism
 "IBC process: Resolution and distribution of funds may be separated")
Independent valuations 70% more than bankrupt Reliance Capital bids
In November last year, the Reserve Bank of India had sent the company to debt resolution after it defaulted on its loans worth Rs 24,000 crore
 "Independent valuations 70% more than bankrupt Reliance Capital bids")