Page 167 - Latest Updates on Reserve Bank of India
Retail inflation rises to 7% in Aug as food prices surge; IIP growth slows
FinMin blames adverse base effect, increase in food and fuel prices
 "Retail inflation rises to 7% in Aug as food prices surge; IIP growth slows")
State-owned lenders raise MCLR, month after third repo rate hike
RBI has increased benchmark policy rate by 140 bps cumulatively since May
 "State-owned lenders raise MCLR, month after third repo rate hike")
Buoyed by demand, banks want more long-term gilts, but RBI may not yield
Apart from long-term bonds, the market participants also requested the central bank to reduce issuance of floating-rate bonds and cap sizes of weekly primary auctions to Rs 30,000 crore
 "Buoyed by demand, banks want more long-term gilts, but RBI may not yield")
Data monetisation should have consumer consent: RBI deputy governor
Last month, the government withdrew the Personal Data Protection Bill from the Lok Sabha and IT Minister had said the Centre was hopeful of getting a new legislation passed by the next Budget Session
 "Data monetisation should have consumer consent: RBI deputy governor")
American Express India appoints Sanjay Khanna as chief executive officer
In his new role, Sanjay Khanna will be leading several business development initiatives for American Express, while steering collaboration across its diverse businesses in India
 "American Express India appoints Sanjay Khanna as chief executive officer")
RBI's policy decisions been in right direction, says Ashima Goyal
Headline retail inflation was at 6.71% in July; it was the first time in four months that the price gauge printed below 7%
 "RBI's policy decisions been in right direction, says Ashima Goyal")
Retail prices may continue to remain elevated even as wholesale prices ease
With wholesale prices galloping in double-digits since April last year, companies found themselves in a fix, raise prices too much and hurt a nascent recovery in demand or absorb costs and take a hit
 "Retail prices may continue to remain elevated even as wholesale prices ease")
Tax payments: spurt in quarter-end activity may squeeze liquidity further
Interest rates on term deposits, money market instruments could go up further, even as RBI may conduct repo operations to maintain liquidity in the system
 "Tax payments: spurt in quarter-end activity may squeeze liquidity further")
Lending transparency
Vetting of apps should not affect innovation
 "Lending transparency")
Bank credit growth hits near nine-year high of 15.5%, shows RBI data
Achieving 20% growth going forward remains a challenge; deposits for week ended August 26 up 9.5%
 "Bank credit growth hits near nine-year high of 15.5%, shows RBI data")
Top headlines: Indian forex reserves, Kharif rice production, and more
Foreign exchange reserves declining to government making first disbursement under PLI scheme, here are the top headlines of the day
 "Top headlines: Indian forex reserves, Kharif rice production, and more")
Digital lending norms aim to protect customer interest: RBI's Rao
Deputy Governor says guidelines issued on August 10 aim to curb exploitation of regulatory arbitrage
Consider G-Sec STRIPS to lock in returns for very long tenures: Experts
Since this is a nascent category to invest, there could be liquidity risk
 "Consider G-Sec STRIPS to lock in returns for very long tenures: Experts")
RBI should be more synchronised with fiscal policy to tackle inflation: FM
Finance Minister Nirmala Sitharaman on Thursday said the Reserve Bank will have to be more synchronised with the fiscal policy and other factors in taming inflation
 "RBI should be more synchronised with fiscal policy to tackle inflation: FM")
Top Headlines: Rlys' land lease policy, strong festival sales, and more
Business Standard brings you the top headlines at this hour
 "Top Headlines: Rlys' land lease policy, strong festival sales, and more")
RBI releases 'alert list' of 34 entities barred from forex trades
List not exhaustive, must not assume those not on it are authorised for such trades
HDFC Bank hikes MCLR by 10 bps across loan tenures, effective Sep 7
Second rate hike in two months by lender after RBI's rate setting committee hiked benchmark repo rate by 50 bps to 5.4%; new MCLR at 7.90-8.40%
 "HDFC Bank hikes MCLR by 10 bps across loan tenures, effective Sep 7")
RBI, FinMin ask banks, trade bodies to push cross-border rupee trade
Reserve Bank and the finance ministry asked top management of banks and representative of trade bodies to push exports and import transactions in rupee
 "RBI, FinMin ask banks, trade bodies to push cross-border rupee trade")
Axis Bank ties up with PayNearby, aims to boost priority sector lending
Private lender's portfolio of rural loans was at Rs 58,800 cr at the end of the first quarter this financial year
 "Axis Bank ties up with PayNearby, aims to boost priority sector lending")
RBI issues 'Alert List' on entities not authorised to deal in forex trading
RBI came out with an 'Alert List' containing the names of 34 entities that are not authorised to deal in forex and operate electronic trading platforms in the country
 "RBI issues 'Alert List' on entities not authorised to deal in forex trading")