Page 161 - Latest Updates on Reserve Bank of India
Tata Sons, Bajaj Finance among 16 NFBCs put in RBI's upper layer list
HDFC, although qualified to be in the upper layer, has been kept out of the list as it is merging with HDFC Bank
 "Tata Sons, Bajaj Finance among 16 NFBCs put in RBI's upper layer list")
India's core sector output growth slips to nine-month low in August
The Reserve Bank of India (RBI) on Friday pared its growth forecast for FY23 to 7 per cent from 7.2 per cent estimated earlier
 "India's core sector output growth slips to nine-month low in August")
Rupee fluctuations not a factor for MPC's consideration, says RBI
'Net LAF continues to be in surplus for the past two years, except for 2-3 days when because of SLF for the primary dealers it became deficit'
 "Rupee fluctuations not a factor for MPC's consideration, says RBI")
Banks can boost liquidity by drawing down on CRR: RBI governor Das
The fall in the liquidity surplus is owing to multiple factors, including the RBI's interventions in the forex market and a sharp pick-up in bank credit growth, which is currently at nine-year highs
 "Banks can boost liquidity by drawing down on CRR: RBI governor Das")
RBI's rate hike to increase EMIs; equity, forex markets give thumbs up
RBI's decision to raise the key interest rate by half a percentage point will increase the EMIs for home, auto and other loans, though the hawkish move was cheered by both equity and forex markets
 "RBI's rate hike to increase EMIs; equity, forex markets give thumbs up")
Extending purview: RBI to regulate offline payment aggregators, too
Pinelabs, MSwipe, Ezetap, FSS, Hitachi payments, Worldline, etc. are some offline payment aggregators
 "Extending purview: RBI to regulate offline payment aggregators, too")
Inflation, external pressure priority over growth: Finance ministry
The MPC also cut its FY23 GDP growth forecast to 7 per cent from 7.2 per cent, with Governor Shaktikanta Das acknowledging that there were downside risks to economic growth
 "Inflation, external pressure priority over growth: Finance ministry")
System ready for tokenisation, says RBI deputy governor T Rabi Sankar
Roughly 350 million tokens have been created so far, Rabi Sankar said in the post-monetary policy press conference.
 "System ready for tokenisation, says RBI deputy governor T Rabi Sankar")
Six months on, crypto tax leading to siphoning of India's wealth: Experts
The crypto industry is largely unregulated in India, and the central government, along with the Reserve Bank of India (RBI), have repeatedly refused to make cryptocurrencies legal
 "Six months on, crypto tax leading to siphoning of India's wealth: Experts")
Action against M&M Financial Services won't affect other NBFCs: RBI
Experts had pointed out that in light of these directions against one entity, recovery activities of NBFC sector could get impacted as a majority of NBFCs rely on outsourced agents for loan recovery
 "Action against M&M Financial Services won't affect other NBFCs: RBI")
Currency movements not guiding factors for monetary policy: Shaktikanta Das
Reserve Bank of India Governor Shaktikanta Das on Friday said that currency movements are not the guiding factors for monetary policy decisions
RBI expects current account deficit to come under 3% of GDP in FY23
The Reserve Bank expects the current account deficit to be under 3 per cent of GDP in FY23, Deputy Governor Michael Patra said on Friday
 "RBI expects current account deficit to come under 3% of GDP in FY23")
RBI policy projections: Sept inflation to hit five-month high of 7.6%
Central bank will have to write to government explaining the reasons of its failure to contain inflation up to 6%
RBI Monetary Policy: Repo rate up by 50bps; here's how it will impact you
On Friday, RBI increased the repo rate by 50 basis points taking the key repo rate to 5.9%; here is why it should matter to you
 "RBI Monetary Policy: Repo rate up by 50bps; here's how it will impact you")
India's external debt rises 7.1% to $617 bn in June 2022: RBI data
India's external debt has risen by 7.1 per cent as it stood at $617.1 billion in June 2022, against $575.3 billion during the corresponding period of last year
 "India's external debt rises 7.1% to $617 bn in June 2022: RBI data")
India's current account deficit widens in April-June quarter: RBI
In absolute terms, the current account deficit (CAD) stood at $23.90 billion in the first quarter of fiscal year 2022/23, its highest since the December quarter of 2012
RBI policy review LIVE: Inflation forecast for FY23 remains unchanged
RBI Monetary Policy Live update: This would be the fourth hike in the policy repo rate by the Reserve Bank of India, which is currently at 5.4%
Stocks to Watch: Hero Moto, Adani Enterprises, Zydus Life, Vodafone Idea
Stocks to Watch today: Hero MotoCorp said it will invest USD 60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles
 "Stocks to Watch: Hero Moto, Adani Enterprises, Zydus Life, Vodafone Idea")
Banks increase interest rates on bulk deposits as liquidity tightens
Loan, deposit growth gap at 10-year high
 "Banks increase interest rates on bulk deposits as liquidity tightens")
Current account deficit widens to 2.8% of GDP in Q1; trade deficit jumps
Services exports, remittances show momentum in Q1
 "Current account deficit widens to 2.8% of GDP in Q1; trade deficit jumps")