Page 159 - Latest Updates on Reserve Bank of India
RBI pulls up banks on exposures' ratings without lenders' names
The Reserve Bank of India (RBI) on Monday said that a bank loan rating by rating agencies not having lenders' names won't be considered for capital computation by banks
 "RBI pulls up banks on exposures' ratings without lenders' names")
NPCI's plan to acquire a stake in ONDC faces RBI hurdle, says report
Banking regulator flags conflict of interest concern
 "NPCI's plan to acquire a stake in ONDC faces RBI hurdle, says report")
RBI sells dollars as rupee hits record low on US rate hike woes: Report
The Reserve Bank of India likely sold dollars via state-run banks on Monday after the rupee plumbed a fresh record low following a US jobs report that firmed bets of more aggressive rate hikes
 "RBI sells dollars as rupee hits record low on US rate hike woes: Report")
Reliance Industries, Jio in talks to raise funds through foreign loans
The loans, which are likely to have a five-year term, are anticipated to be priced 130-150 basis points higher than the Secured Overnight Financing Rate (SOFR), a benchmark rate used around the world
 "Reliance Industries, Jio in talks to raise funds through foreign loans")
The making of digital rupee: A deep dive into RBI's concept note
Establishing a CBDC issuance may come with significant fixed infrastructure costs, but subsequent marginal operating costs are likely to be very low
 "The making of digital rupee: A deep dive into RBI's concept note")
Analysts see Q2 net profit growth of banks at 23% YoY, NII at 10%
The latest RBI data showed that as on September 23, bank credit grew at a nine-year high of 16.4 per cent on-year. Deposit growth lagged at 9.2 per cent
 "Analysts see Q2 net profit growth of banks at 23% YoY, NII at 10%")
Gaining currency
RBI should move cautiously on CBDC
Top headlines: RBI unveils digital rupee features, HUL price cuts, and more
Business Standard brings you the top headlines at this hour
RBI unveils features of digital rupee, plans to launch pilot soon
The CBDC shall appear as a liability on the central bank's balance sheet
 "RBI unveils features of digital rupee, plans to launch pilot soon")
RBI action against M&M Fin won't impact us: U Gro Capital's Sachindra Nath
'Our view is that the transmission of interest rates is not as high as the need for credit demand for working capital and term loans. So we don't see that as a challenge'
 "RBI action against M&M Fin won't impact us: U Gro Capital's Sachindra Nath")
RBI to launch e-rupee on pilot basis for limited use; issues concept paper
The concept note presents the background, motivation, choices of design features and other policy frameworks for e-rupee system for the country
 "RBI to launch e-rupee on pilot basis for limited use; issues concept paper")
RBI sells dollars as rupee hits record low on US interest rate hike fears
The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee slid below 82 to a record low against the dollar on concerns over the US Federal Reserve rate outlook
RBI likely to set underwriting commission in 1.00-1.50 paise band: Poll
The Indian government aims to raise at least 280 billion Indian rupees ($3.41 billion) through the sale of bonds on Friday
India's services activity cools to 6-month low in Sep; job creation slows
PMI for services sector released by S&P Global dipped to 54.3 in September from 57.2 in August as weak external demand weighed on overall sales, with international order declining during the month
 "India's services activity cools to 6-month low in Sep; job creation slows")
Sebi cancels certificate of registration granted to Brickwork Ratings
Orders it to wind down operations in six months
 "Sebi cancels certificate of registration granted to Brickwork Ratings")
RBI approves Prashant Kumar's appointment as Yes Bank CEO for three years
The Reserve Bank of India has approved the appointment of Prashant Kumar as MD and CEO of Yes Bank for three years with effect from October 6, 2022.
 "RBI approves Prashant Kumar's appointment as Yes Bank CEO for three years")
World currency reserves shrink by $1 trn this yr in record drawdown
Reserves have declined by about $1 trillion, or 7.8%, this year to $12 trillion, the biggest drop since Bloomberg started to compile the data in 2003
 "World currency reserves shrink by $1 trn this yr in record drawdown")
10-yr yield logs steepest one-day rise in 2 mths amid index inclusion delay
Treasury officials also cited an increasingly uncertain global situation as a key factor that had dampened demand for bonds
 "10-yr yield logs steepest one-day rise in 2 mths amid index inclusion delay")
RBI directs credit information companies to appoint internal ombudsman
The Reserve Bank of India (RBI) on Thursday has directed all the credit information companies to appoint an internal ombudsman by April 1, 2023
India's Edelweiss AM says repo rate may hit 6.75% on inflation woes
RBI may have to hike the repo rate to 6.75% as inflation remains a threat, lingering above the central bank's target range for the remainder of the year, the head of fixed income at Edelweiss AM said