Page 157 - Latest Updates on Reserve Bank of India
Rupee in narrow trading range as RBI's intervention reins in speculation
The Indian rupee on Monday held a narrow trading range once again as the Reserve Bank of India's likely intervention last week discourages speculators
 "Rupee in narrow trading range as RBI's intervention reins in speculation")
Digital Banking Units to further augment digital infra, says RBI governor
The units will start will disbursing small ticket retail, MSME loans
 "Digital Banking Units to further augment digital infra, says RBI governor")
India's real rate shouldn't be more than 1%: MPC member Ashima Goyal
In a Q&A, she says interest differential with the US does not matter so much because India has caps on interest sensitive inflows. Overseas investment is a very low share of the country's debt market
 "India's real rate shouldn't be more than 1%: MPC member Ashima Goyal")
Fino Payments discussing SFB transition internally: MD & CEO Rishi Gupta
Transitioning from a business correspondent to a payments bank five years back, profit making Fino Payments Bank looks for a further upgrade to a small finance bank with internal discussions underway
 "Fino Payments discussing SFB transition internally: MD & CEO Rishi Gupta")
Aditya Birla Capital joins race to acquire life insurer Reliance Nippon
Reliance Capital holds 51 per cent stake in RNLIC and Nippon Life of Japan the rest
 "Aditya Birla Capital joins race to acquire life insurer Reliance Nippon")
Inflation will not come below RBI's tolerance level in FY23: IMF's Choueiri
India relative bright spot in the world; 6.8 per cent growth rate 'really a good number': Senior executive
 "Inflation will not come below RBI's tolerance level in FY23: IMF's Choueiri")
Cracking the whip on co-op banks: A look at RBI actions in 2022 so far
Here is a look at the RBI actions on co-op banks in 2022 so far.
 "Cracking the whip on co-op banks: A look at RBI actions in 2022 so far")
SAT gives relief to Brickwork Ratings, stays cancellation of licence
But keeps Sebi ban on taking up new clients
 "SAT gives relief to Brickwork Ratings, stays cancellation of licence")
India to be among fastest growing economies despite global challenges: RBI
India is expected to be among the fastest growing major economies this fiscal, geopolitical turbulence notwithstanding, RBI Governor Shaktikanta Das opined at last month's meeting
RBI's repo rate hike was necessary to combat inflation risks: MPC minutes
The MPC is of the view that further calibrated monetary policy action is warranted to keep inflation expectations anchored
 "RBI's repo rate hike was necessary to combat inflation risks: MPC minutes")
After RBI missive, FIDC asks NBFCs to revise codes of conduct
Has asked them to insert penalty cause for repeated breaches
 "After RBI missive, FIDC asks NBFCs to revise codes of conduct")
RBI norms on unhedged Fx exposure unlikely to impact banks much
In June, the RBI had said that of the outstanding ECBs of $180 billion, 44 per cent was unhedged
 "RBI norms on unhedged Fx exposure unlikely to impact banks much")
India Inc's fundraising from overseas sinks to 76-qtr low in Q2: Data
Fresh loans plummet 93% to $210 mn in Q3, CY22
 "India Inc's fundraising from overseas sinks to 76-qtr low in Q2: Data")
Stagger entry into longer-duration funds over next six months: Experts
To stay safe, keep bulk of portfolio in shorter-duration or target maturity funds
 "Stagger entry into longer-duration funds over next six months: Experts")
As MPC fails on CPI mandate, RBI's growth-inflation balance gets trickier
The central bank will now have to provide a report to the government explaining the reasons for the failure and the steps to be taken
 "As MPC fails on CPI mandate, RBI's growth-inflation balance gets trickier")
Bengaluru fourth most expensive real estate market in India: Knight Frank
Bengaluru's affordable housing market has become more costly due to the 50 bps hike in the repo rate by the RBI
 "Bengaluru fourth most expensive real estate market in India: Knight Frank")
India's inflation at 7.4%; What are inflation numbers in other countries?
Since the start of the Russia-Ukraine war in February, almost all the economies have been facing high inflation mainly driven by high commodity costs, and supply chain constraints
RBI asks banks to stop building positions in offshore market: Report
The build-up of positions in this segment of the market is forcing the RBI to spend more reserves to defend the rupee
 "RBI asks banks to stop building positions in offshore market: Report")
RBI's revised ARC norms improve governance; may shake up industry
Three players -- JM Financial ARC, Edelweiss ARC, and ARCIL -- have a dominant presence in the sector with a sound capital base and management bandwidth
Digital rupee likely to bring down cost of cross-border payments
The introduction of CBDC for cross-border remittances can bring down costs substantially
 "Digital rupee likely to bring down cost of cross-border payments")