Page 148 - Latest Updates on Reserve Bank of India
RBI conditional approval to Carlyle, Advent's stake buy in YES Bank
The fund-raising would be conducted through a combination of $640 million (Rs 5,100 crore) in equity shares and $475 million (Rs 3,800 crore) through equity share warrants, YES Bank had said
 "RBI conditional approval to Carlyle, Advent's stake buy in YES Bank")
Reserve Bank of India issues framework for Indian banks' foreign biz
The framework also specifies the applicability of these instructions to International Financial Services Centres in India, including Gujarat International Finance Tec-City
 "Reserve Bank of India issues framework for Indian banks' foreign biz")
e-Rupee: RBI creates Rs 1.71 crore of digital currency for retail pilot
Aims to involve 50,000 merchants, customers in the next few days
 "e-Rupee: RBI creates Rs 1.71 crore of digital currency for retail pilot")
e-Rupee: India's digital currency fails to excite interest, say bankers
Seven bankers told Reuters that using the e-rupee of the Reserve Bank of India (RBI) was much the same as internet-based banking that users were already satisfied with
 "e-Rupee: India's digital currency fails to excite interest, say bankers")
Low-value transactions via digital rupee to be kept anonymous: Report
On December 1, some users will receive a CBDC wallet containing notes signed by the RBI governor
Robust activity in services sector holds up 6.3% GDP growth in Q2
GDP grew 7.6 per cent in the September quarter of FY23 over the comparable period in FY20, which was before the pandemic
 "Robust activity in services sector holds up 6.3% GDP growth in Q2")
FM Nirmala Sitharaman confident of strong growth, low inflation in 2023
Sitharaman declined to describe specifics from the letter, but added that the government's top three priorities for 2023 will be "growth, health and education."
 "FM Nirmala Sitharaman confident of strong growth, low inflation in 2023")
ESMA deadlock: European regulator's interference unfortunate, says RBI DG
"Potential disruption to the forex markets can be serious"
 "ESMA deadlock: European regulator's interference unfortunate, says RBI DG")
Reserve Bank of India, Japanese regulator hold talks on clearing houses
Dialogue on clearing houses come after CCIL derecognition by ESMA, BoE
 "Reserve Bank of India, Japanese regulator hold talks on clearing houses")
Fintech lenders align business model with RBI's digital lending norms
The RBI came out with the guidelines on digital lending in September and gave time until November 30 for players to comply with the 'existing loan' category
 "Fintech lenders align business model with RBI's digital lending norms")
RBI's modified digital lending norms to come in effect from Dec 1
The Reserve Bank's modified guidelines on digital lending that seek to protect customers from exorbitant interest rates by certain entities will come into effect from Thursday
 "RBI's modified digital lending norms to come in effect from Dec 1")
Economic uptick boosts credit offtake beyond 20% in retail, services
The rise in credit was largely driven by housing and vehicle loans segments
 "Economic uptick boosts credit offtake beyond 20% in retail, services")
Retail e-rupee pilot begins tomorrow: Here's what you can expect from it
The transactions using the retail CBDC can be both person-to-person as well as person-to-merchant, and payments can be made using QR codes shown at merchant locations
Retail CBDC pilot starts Dec 1, to be tested in 4 banks, 4 cities initially
RBI says digital rupee for retail segment will be in the form of a digital token that represents legal tender, to be issued in same denominations as paper currency and coins
 "Retail CBDC pilot starts Dec 1, to be tested in 4 banks, 4 cities initially")
Forex reserves likely to show revaluation gains now, say analysts
RBI said to have been actively buying dollars for the past couple of weeks, say currency traders
 "Forex reserves likely to show revaluation gains now, say analysts")
Union Bank raises Rs 2,200 cr in tier II capital for business growth
Public sector lender plans tier I bond of Rs 700 crore before financial year closes
 "Union Bank raises Rs 2,200 cr in tier II capital for business growth")
ESMA to derecognise CCIL: Banks, RBI discuss alternative clearing methods
Fresh clearing options came up in discussions with RBI, banks in touch with offshore regulators
 "ESMA to derecognise CCIL: Banks, RBI discuss alternative clearing methods")
RBI imposes Rs 1.25 crore penalty on Zoroastrian Co-operative Bank
The Reserve Bank of India has imposed a penalty of Rs 1.25 crore on Zoroastrian Co-operative Bank, Mumbai for non-compliance with certain directions, including one related to discounting of bills
PNB plans to raise up to Rs 4,000 crore through issuance of tier-2 bonds
The latest round of fundraising by banks comes at a time when credit growth has shown sustained momentum even as growth in deposits continues to lag
 "PNB plans to raise up to Rs 4,000 crore through issuance of tier-2 bonds")
Savings deposit growth in Q2 slumps to 9.4% YoY while FDs gain traction
Growth of money kept in current accounts moderated to 8.8% this September, from 17.5% a year ago
 "Savings deposit growth in Q2 slumps to 9.4% YoY while FDs gain traction")