Page 160 - Latest Updates on Reserve Bank of India
RBI plans to extensively use AI, ML to improve regulatory supervision
The Reserve Bank is planning to extensively use advanced analytics, artificial intelligence and machine learning to analyse its huge database and improve regulatory supervision on banks and NBFCs
 "RBI plans to extensively use AI, ML to improve regulatory supervision")
Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ
According to RBI data, bank credit grew at 16.2% YoY as on September 9, while deposits were up by 9.5%
 "Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ")
BS Number Wise: Old scheme puts burden of employee pension on the states
Some governments are seeking short-term benefits to finance their bills, risking their financial security
Start-up LeverageEdu gets RBI approval for financial services unit
Company raised $22 million in funding in March earlier this year at a valuation of $120 million
 "Start-up LeverageEdu gets RBI approval for financial services unit")
YES Bank's Q2 loan book grows 11.6% YoY; deposit base cross Rs 2-trn mark
The share of low-cost money, CASA , in deposits was 31.3% as of September 30, 2022
 "YES Bank's Q2 loan book grows 11.6% YoY; deposit base cross Rs 2-trn mark")
'Upper layer' NBFC tag for Tata Sons calls for a new compliance policy
Tata Sons will have to appoint a new chief compliance officer (CCO)
 "'Upper layer' NBFC tag for Tata Sons calls for a new compliance policy")
MPC after-effect: SBI, ICICI Bank, YES Bank, BoI raise lending rates
The hike in lending rates shall be applicable to home loans and consequently, equated monthly instalment payments made by customers.
 "MPC after-effect: SBI, ICICI Bank, YES Bank, BoI raise lending rates")
Endgame at McLeod Russel amid risk of losing control of last major asset
With two rival bids, the once powerful group that owns the world's largest tea producer is in danger of losing control of its last major asset
 "Endgame at McLeod Russel amid risk of losing control of last major asset")
RBI may set cut-off yield on 10-year state bonds in 7.74-7.77% band: Report
Indian states will aim to raise an aggregate of 195 billion Indian rupees ($2.38 billion) on Monday through sale of bonds maturing in eight years to 25 years
 "RBI may set cut-off yield on 10-year state bonds in 7.74-7.77% band: Report")
Known unknowns
Global developments need careful monitoring
Relief for bond mkt on debt supply as govt prunes H2 borrowing plan
The Rs 10,000 cr cut in govt's mkt borrowing obviates the fear of oversupply of paper that typically builds up around Dec end when govt takes stock of its finances for the year
 "Relief for bond mkt on debt supply as govt prunes H2 borrowing plan")
RBI plays out familiar script, more rate hikes to follow
In 2019, when retail inflation was 3%, the policy rate was 5.75%. Now inflation hovers around 7% and the policy rate is 5.9%. It needs to move up
Inflation may fall to 5.2% next fiscal on normal rains, supply ease: Report
High inflation remains a key policy concern for the Reserve Bank but the pressure might ease next fiscal assuming normal rains and further normalisation of global supply chains, said an RBI report
 "Inflation may fall to 5.2% next fiscal on normal rains, supply ease: Report")
On a wing and a prayer: Only this explains the RBI move to jack up rates
By raising the repo rate, the RBI has sacrificed growth and investment to try and contain inflation, which even the government says, has been driven by external factors
Rupee gains on report of RBI nudging oil firms to reduce dollar buys
Central bank's rate hike and easing dollar index lend support to domestic currency
 "Rupee gains on report of RBI nudging oil firms to reduce dollar buys")
RBI raises repo rate by 50 bps to 3-year high; FY23 GDP forecast cut to 7%
Inflation target retained at 6.7%; trajectory remains uncertain: Governor
 "RBI raises repo rate by 50 bps to 3-year high; FY23 GDP forecast cut to 7%")
Prepay home loan to tackle 190-bps rise in repo rate since May: Experts
If you don't have a surplus, opt for higher EMI rather than longer tenor
 "Prepay home loan to tackle 190-bps rise in repo rate since May: Experts")
Loan provisioning in banks: RBI for expected loss-based approach
Bankers say with low NPAs and high provisions, the time is ripe for global standards
 "Loan provisioning in banks: RBI for expected loss-based approach")
Nifty Bank gains 3% post RBI's 50 bps hike; analysts see more headroom
The Reserve Bank of India's (RBI's) 50-bps repo rate hike triggered a sharp pullback rally in banking stocks on Friday. The Nifty PSU Bank index did even better with a rise of 3.01 per cent
Inflation seen staying above 4% in FY23, to average 5.2% in FY24: RBI
Das says RBI won't make public the communication on failure of achieving target to govt
 "Inflation seen staying above 4% in FY23, to average 5.2% in FY24: RBI")