Page 155 - Latest Updates on Reserve Bank of India
Infibeam Avenues gets RBI in-principle nod for payment aggregator licence
The RBI allowed another window to PAs existing as of March 2020 to apply to the central bank for a license
 "Infibeam Avenues gets RBI in-principle nod for payment aggregator licence")
FATF called for enhanced due diligence on Myanmar following blacklist: RBI
Earlier in February 2020, Democratic People's Republic of Korea (DPRK) and Iran was put on blacklist by the anti-terror financing and anti-money laundering watchdog
 "FATF called for enhanced due diligence on Myanmar following blacklist: RBI")
Future sentiment score hints a decline in housing market momentum in Q4
The Current sentiment score has declined marginally from 62 in the second quarter of 2022 to 61 in the third quarter of 2022.
 "Future sentiment score hints a decline in housing market momentum in Q4")
SBI Card Q2 net profit jumps 52% to Rs 526 crore on low provisions
Impairment losses and bad debts declined 8 per cent YoY to Rs 546 crore, but increased 21 per cent sequentially
 "SBI Card Q2 net profit jumps 52% to Rs 526 crore on low provisions")
Explained: Mahatma to Mangalyaan, how currency notes evolved in India
Delhi's Chief Minister Arvind Kejriwal said that efforts to make India wealthy would only bear fruit with blessings from gods and goddesses.
 "Explained: Mahatma to Mangalyaan, how currency notes evolved in India")
Reserve Bank to hold additional monetary policy meeting on November 3
The MPC hiked the policy repo rate by 50 basis points (bps) to 5.9 per cent in the last policy review, announced on September 30
 "Reserve Bank to hold additional monetary policy meeting on November 3")
'Lakshmi-Ganesh on rupee': Can Centre change the look of Indian banknotes?
Any decision related to the changes that are made in the design and form of bank notes and coins are governed by the Reserve Bank of India (RBI) and the central government
 "'Lakshmi-Ganesh on rupee': Can Centre change the look of Indian banknotes?")
Rupee trade with few nations may start, internationalisation will take time
Negotiations are on with Russia, Cuba and Sudan among others to do so. Officials are hopeful that Saudi Arabia, UAE and Luxembourg would also come on board
 "Rupee trade with few nations may start, internationalisation will take time")
Top Headlines: RBI's liquidity infusion; Google fined Rs 936 crore by CCI
The RBI on October 21 injected the largest amount of funds into the banking system in three and a half years, indicating that surplus cash with banks is drying up at an accelerated pace
 "Top Headlines: RBI's liquidity infusion; Google fined Rs 936 crore by CCI")
RBI's liquidity infusion largest since April 2019 as surplus cash dries up
Lack of repo suggests RBI tolerance of higher money mkt rates: Analysts
 "RBI's liquidity infusion largest since April 2019 as surplus cash dries up")
Rupee trade with few nations may start, internationalisation will take time
Rupee trade with few nations may start, internationalisation will take time
 "Rupee trade with few nations may start, internationalisation will take time")
RBI optimistic on the state of economy
Bank credit is increasing by double digits and the sustained surge in goods and service tax collections is signalling growing formalisation of the economy
Q2 scorecard: Banks' loan growth outpaces deposits by a huge margin
Banks walk the extra mile to woo depositors
 "Q2 scorecard: Banks' loan growth outpaces deposits by a huge margin")
Andhra, Telangana, Punjab frequently use RBI's short-term liquidity windows
Andhra, Telangana, Rajasthan and Punjab are repeatedly using the Reserve Bank's special short-term liquidity windows instead of market borrowings, indicating their serious cash imbalances, says report
India's foreign exchange reserves at lowest level since July 2020
The fall in foreign exchange reserves was primarily on account of a decline in the RBI's foreign currency assets that fell $2.8 billion on-week to $468.87 billion
 "India's foreign exchange reserves at lowest level since July 2020")
RBI lifts ban on new branches by Tamilnad Mercantile Bank
At present, the bank has 509 branches -- 106 rural, 247 semi-urban, 80 urban and 76 in metropolitan
 "RBI lifts ban on new branches by Tamilnad Mercantile Bank")
Banks' loans rose 17.9% in two weeks to Oct 7, deposit up 9.6%: RBI data
Indian banks' loans rose 17.9% in the two weeks to Oct. 7 from a year earlier, while deposits rose 9.6%, the Reserve Bank of India's weekly statistical supplement showed on Friday
 "Banks' loans rose 17.9% in two weeks to Oct 7, deposit up 9.6%: RBI data")
RBI should focus on softening core inflation: MPC's Shashanka Bhide
"As far as monetary policy is concerned, moderation in the core inflation should be the priority," Shashanka Bhide, an external member of the Reserve Bank of India's monetary policy committee, said
 "RBI should focus on softening core inflation: MPC's Shashanka Bhide")
RBI intervenes to claw rupee back from fresh intraday low vs dollar
Central bank may have sold around $1 billion in Fx market on Thursday
Two years on, Sebi's sandbox initiative yet to find its feet
Most applications have either been withdrawn or stand rejected
 "Two years on, Sebi's sandbox initiative yet to find its feet")