Page 164 - Latest Updates on Reserve Bank of India
India's forex reserves fall by $5.22 bn to near two-year low: RBI data
India's foreign exchange reserves fell for a seventh straight week, dropping to $545.652 bn in the week to Sept 16, its lowest level since Oct. 2, 2020
 "India's forex reserves fall by $5.22 bn to near two-year low: RBI data")
India OIS curve may steepen on overcooked rate hike bets: BofA Securities
BofA expects the Reserve Bank of India to raise rates by 25-35 basis on Sept. 30 and reckons the policy rate will reach 6.5% by end-2023, much later than what some investors are expecting
 "India OIS curve may steepen on overcooked rate hike bets: BofA Securities")
India, US 10-year yield spread at its lowest in 12 years, shows data
The current spread is nearly 142 bps lower than the 10-year average spread of 518 bps, and 66 bps lower than the 20-year average spread of 442.3 bps
 "India, US 10-year yield spread at its lowest in 12 years, shows data")
'Can't outsource recovery agents': RBI cracks the whip on M&M Financial
This is probably the first time the regulator has cracked down on lenders on recovery by coercive methods, which is typically a hallmark of outsourced recovery agents
 "'Can't outsource recovery agents': RBI cracks the whip on M&M Financial")
SBI least efficient in Asia-Pacific due to high cost-to-income ratio: Study
State-owned lender had the highest cost-to-income ratio, according to S&P Global Market Intelligence
 "SBI least efficient in Asia-Pacific due to high cost-to-income ratio: Study")
India Inc braces for impact of rupee fall, rushes to take forward cover
In the short and medium term, chief financial officers are advising companies to take the right kind of derivatives products depending on their exposure
 "India Inc braces for impact of rupee fall, rushes to take forward cover")
Solapur-based Laxmi Co-op Bank loses licence after failing RBI norms
Depositors to get insurance claim, amount of Rs 193.68 cr already paid out
UCO Bank becomes first lender to get RBI's approval for rupee trade
Many banks in India are planning to open such special vostro accounts for settling trade transactions with other nations
 "UCO Bank becomes first lender to get RBI's approval for rupee trade")
IndusInd Bank and RBL Bank increase MCLR days ahead of MPC meeting
MPC has increased the repo rate by 140 bps cumulatively since May in an effort to rein in inflation
 "IndusInd Bank and RBL Bank increase MCLR days ahead of MPC meeting")
Retail inflation in Sept to rise to five-month high at 7.4%: Deutsche Bank
India's headline retail inflation is expected to rise to a five-month high of 7.4% in September, with the risk of going higher if the momentum of food and vegetable prices picks up further in the rest
 "Retail inflation in Sept to rise to five-month high at 7.4%: Deutsche Bank")
Top Headlines: Fed's 3rd big hike, liquidity slides into deficit, and more
Federal Reserve officials raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6% in 2023
 "Top Headlines: Fed's 3rd big hike, liquidity slides into deficit, and more")
Liquidity slides into deficit for first time in over 3 years: RBI data
Days of easy money over as credit growth rises
 "Liquidity slides into deficit for first time in over 3 years: RBI data")
Rational expectations: Downside risks to growth are increasing
The economy's resilience will be tested in the second half of the year and beyond
 "Rational expectations: Downside risks to growth are increasing")
TMB stock ends flat as RBI rejection of proposed chairman has little impact
RBI advised private sector lender to submit a fresh proposal of another Independent Director for the post of Chairman
 "TMB stock ends flat as RBI rejection of proposed chairman has little impact")
India's banking system liquidity slips into deficit after 40 months: RBI
India's banking system liquidity has slipped into deficit for the first time in nearly 40 months, according to the Reserve Bank of India
 "India's banking system liquidity slips into deficit after 40 months: RBI")
Stocks to Watch: Central Bank, ITI, M&M, Yes Bank, SpiceJet, PEL, GPT Infra
Stocks to Watch Today: Central Bank of India has removed from the RBI's PCA framework after 5 years; SpiceJet places 80 pilots on leave without pay for three months.
 "Stocks to Watch: Central Bank, ITI, M&M, Yes Bank, SpiceJet, PEL, GPT Infra")
RBI approves appointment of R Gandhi as non-executive chairman of Yes Bank
The Reserve Bank has approved the appointment of its former deputy governor R Gandhi as non-executive part time chairman of Yes Bank for three years, a regulatory filing said.
 "RBI approves appointment of R Gandhi as non-executive chairman of Yes Bank")
RBI, bond market players discuss liquidity strategy as surplus dwindles
RBI asked for mkt views on BoP, impact of 75-bps rate hike by US Fed
The big plastic bonanza: Credit cards business is booming like never before
Defying the after-effects of pandemic-related pay cuts and job losses, the credit cards business is booming like never before
 "The big plastic bonanza: Credit cards business is booming like never before")
India's GDP likely to grow 7.2-7.4% in FY23, says CEA Nageswaran
Global slowdown positive for India on balance, says CEA
 "India's GDP likely to grow 7.2-7.4% in FY23, says CEA Nageswaran")