Page 151 - Latest Updates on Reserve Bank of India
RBI sold net $10.36 bn in spot foreign exchange market in Sept: Bulletin
The RBI said it bought $23.27 billion and sold $33.62 billion in the spot market
 "RBI sold net $10.36 bn in spot foreign exchange market in Sept: Bulletin")
India's economy to grow between 6.1% and 6.3% in Q2, says RBI bulletin
Data for the July-September quarter will be released at the end of this month
 "India's economy to grow between 6.1% and 6.3% in Q2, says RBI bulletin")
RBI-ESMA logjam: Banks turn to EU, UK regulators over trade impact concerns
Banks expressed concerns about trade impact, disruptions seen in OIS, bond markets
 "RBI-ESMA logjam: Banks turn to EU, UK regulators over trade impact concerns")
Bank credit increases 17% YoY to Rs 129 trillion in early November 17
Deposit growth moderates to 8.25%
 "Bank credit increases 17% YoY to Rs 129 trillion in early November 17")
Best of BS Opinion: Unwelcome reminder, Beyond Bali, and more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Unwelcome reminder, Beyond Bali, and more")
Keep eye on macroeconomic scene: RBI to banks amid deposit growth concern
Concerned over deposit growth lagging high credit offtake; seeks views on collection, IT infra, DBUs
 "Keep eye on macroeconomic scene: RBI to banks amid deposit growth concern")
Unwelcome reminder
Trade weakness would affect growth
 "Unwelcome reminder")
Money-changing, allied services and products biz back with a bang
The fortunes of money changers have seen a dramatic recovery even as they reinvent themselves
 "Money-changing, allied services and products biz back with a bang")
Policy transmission disjointed in bond market: RBI deputy governor Patra
The Deputy Governor flagged instances of wild swings in sovereign bond yields in response to factors such as the announcement of the government's borrowing programme and interest rate changes
 "Policy transmission disjointed in bond market: RBI deputy governor Patra")
Share of low-cost deposits falls as FD rates rise, banks' NIM may take hit
With RBI on monetary tightening path, liquidity has shrunk and interest rates have hardened, forcing banks to hike rates on term deposits in order to get funds for credit growth
 "Share of low-cost deposits falls as FD rates rise, banks' NIM may take hit")
Bank borrowings up 2x amid rush to fund credit growth, shows RBI data
As liquidity shrinks, lenders' reliance on short-term funding routes increases
 "Bank borrowings up 2x amid rush to fund credit growth, shows RBI data")
The professor's chronicle of reforms
Former RBI Governor C Rangarajan's memoir is an analytical supplement to the history of the central bank, and useful in understanding the foundational measures for undertaking deep reforms
 "The professor's chronicle of reforms")
RBI governor Shaktikanta Das to meet bank chiefs ahead of monetary policy
Like to discuss issues related to growth, interest rates
 "RBI governor Shaktikanta Das to meet bank chiefs ahead of monetary policy")
Nine Russian banks open special vostro accounts for trade in rupee
Next round of India-UK FTA talks expected in Dec: Commerce secy
 "Nine Russian banks open special vostro accounts for trade in rupee")
A step-by-step guide on withdrawing cash from ATM using UPI apps
Withdrawing without debit or credit cards reduces chances of transaction failure due to wrong PINs, or lost or stolen cards; note, however, that very few banks offer UPI-based withdrawals currently
 "A step-by-step guide on withdrawing cash from ATM using UPI apps")
India considers plan to reduce short-term borrowing as yields surge
The government may avoid incremental borrowing via the bills and only borrow to meet its previous repayment needs in the next quarter
 "India considers plan to reduce short-term borrowing as yields surge")
Top headlines: Disinvestment target, RBI imposes penalty on 9 UCBs & more
Business Standard brings you the top headlines this hour
 "Top headlines: Disinvestment target, RBI imposes penalty on 9 UCBs & more")
Chatroom: 'Export incentives available on payments received through SVAs'
Export invoicing in INR is already allowed but the payment must come through Vostro Accounts maintained by foreign banks with a bank in India
 "Chatroom: 'Export incentives available on payments received through SVAs'")
Best of BS Opinion: Green yields, the routine air pollution crisis & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Green yields, the routine air pollution crisis & more")
Game-changing rules for asset reconstruction companies
The new norms succinctly sum up the RBI's view on how some of the ARCs have been run
