Page 158 - Latest Updates on Reserve Bank of India
RBI to submit report on failure to tackle inflation for 3 qtrs since Jan
With inflation staying above the upper tolerance limit for nine months, the Reserve Bank will now have to submit a report to the central government detailing reasons for the failure to contain prices
 "RBI to submit report on failure to tackle inflation for 3 qtrs since Jan")
RBI's revised ARC norms: Aircel, RCom debt resolution faces uncertainty
Reliance Communications, then owned by Anil Ambani, had to shut down its business operations as a result of its high debt burden and a failed merger with Aircel
 "RBI's revised ARC norms: Aircel, RCom debt resolution faces uncertainty")
Rising clout: Which countries have adopted NPCI-backed UPI payments so far
With Europe being the latest addition to the list, several countries across the globe are adopting UPI for P2P, P2M and cross-border payments
 "Rising clout: Which countries have adopted NPCI-backed UPI payments so far")
IMF praises RBI for tightening the monetary policy to curb inflation
The International Monetary Fund (IMF) praised the Reserve bank of India (RBI) for tightening the monetary policy to curb inflation in the country
 "IMF praises RBI for tightening the monetary policy to curb inflation")
Top Headlines: Starlink services in India, partial treatment to EV makers
Start-ups manufacturing electric two- and three-wheelers have alleged they are not getting subsidies under the second phase of the FAME II scheme
 "Top Headlines: Starlink services in India, partial treatment to EV makers")
Fast-track mechanism on the cards to help Indian investors in UAE
The mechanism will also assist Indian companies to foray into the UAE market and expand
 "Fast-track mechanism on the cards to help Indian investors in UAE")
RBI asks banks to set aside capital, provisions for unhedged FX exposure
Move comes amid sharp depreciation in rupee; says losses incurred by entities with such exposure could affect health of banking system
 "RBI asks banks to set aside capital, provisions for unhedged FX exposure")
RBI tightens disclosure norms on divergence in NPAs, provisions
This threshold will be reduced progressively for UCBs in a phased manner after review, RBI said
 "RBI tightens disclosure norms on divergence in NPAs, provisions")
MDs, CEOs of ARCs can't have more than 3 terms in office without a cool-off
RBI allows ARCs to bid for assets in IBC cases
Rising median loan rates lead to fall in affordability of homebuyers
A cumulative increase of 0.95 per cent in median home loan rate has impacted the purchase affordability and purchase decisions of homebuyers, according to the Affordability Index by Knight Frank
 "Rising median loan rates lead to fall in affordability of homebuyers")
RBI raises minimum capital requirement for setting up ARCs to Rs 300 cr
The Reserve Bank raised the minimum capital requirement for setting up an asset reconstruction company (ARC) to Rs 300 crore from the existing Rs 100 crore with an aim to strengthen the securitisation
 "RBI raises minimum capital requirement for setting up ARCs to Rs 300 cr")
RBI issues consolidated guidelines on unhedged foreign currency exposure
The Reserve Bank on Tuesday modified and consolidated guidelines for banks on unhedged foreign currency exposures of any entity to prevent losses due to heightened volatility in the forex market
RBI allows SPDs to undertake all foreign exchange-related activities
The Reserve Bank of India (RBI) on Tuesday allowed standalone primary dealers to offer all foreign exchange market-making facilities to users
IDBI Bank: Corporates cannot be bidding consortium members, says official
Large corporates have been disallowed from being even a minority shareholder in consortium wanting to bid for 61 per cent stake in IDBI Bank
 "IDBI Bank: Corporates cannot be bidding consortium members, says official")
RBI likely sold dollars, received forwards to stem rupee's drop: Report
The rupee has traded in a narrow range of about 8 paisa so far in the session
 "RBI likely sold dollars, received forwards to stem rupee's drop: Report")
EVs, green hydrogen to soon come under priority sector lending: Report
Currently, 8 sectors are eligible to get lending under the PSL mechanism including agriculture, MSMEs, export credit, housing, education, renewables, and social infrastructure sectors
 "EVs, green hydrogen to soon come under priority sector lending: Report")
As MPC raises growth projections, what makes the panel so optimistic?
The MPC believes that there is growth momentum due to better farm production, government policies to boost capex, improvement in business and consumer sentiment
 "As MPC raises growth projections, what makes the panel so optimistic?")
Ratings devoid of lenders detail should be treated as unrated exposure: RBI
Capital charge to be linked to risk weight for unrated lending
RBI interventions, corporate flows pull rupee back from new low against USD
Rupee underperforms EM peers so far in Oct, fares worse than 14 currencies
 "RBI interventions, corporate flows pull rupee back from new low against USD")
RBI cancels licence of The Seva Vikas Co-op Bank amid inadequate capital
The Reserve Bank of India on Monday said it has cancelled the licence of Pune-based The Seva Vikas Co-operative Bank Ltd as the lender does not have adequate capital and earning prospects