Page 170 - Latest Updates on Reserve Bank of India
Bond yields slide as reports tout progress in global listing of Indian debt
A fall of one basis point on the 10-year bond yield corresponds to a rise in price of roughly seven paise
 "Bond yields slide as reports tout progress in global listing of Indian debt")
US urges India to join Western crude price cap coalition against Russia
US dy secretary of treasury Wally Adeyemo meet FM Sitharaman during the final lap of his three-day trip to India, after visiting RBI governor Shaktikanta Das on Thursday
 "US urges India to join Western crude price cap coalition against Russia")
Surplus parked with RBI falls below Rs 1 trillion as liquidity shrinks
RBI's forex moves, strong credit off-take lead to faster liquidity decline
 "Surplus parked with RBI falls below Rs 1 trillion as liquidity shrinks")
Not convinced of durable fall in inflation: RBI Deputy Guv Michael Patra
CPI inflation was at 6.7% in July, the first time in four months that the price gauge fell below 7%
 "Not convinced of durable fall in inflation: RBI Deputy Guv Michael Patra")
FinMin sees Q1 growth at 15.6% ahead of GDP data, impact on trade component
This is lower than RBI's April-June (Q1FY23) GDP projection of 16.2%
 "FinMin sees Q1 growth at 15.6% ahead of GDP data, impact on trade component")
HNIs more cautious on foreign investment after new rules kick in
According to the new rules of the liberalised remittance system (LRS), an Indian resident can now invest $250,000 a year in foreign stocks, debt etc
 "HNIs more cautious on foreign investment after new rules kick in")
Broad-based, double-digit annual growth seen in bank credit in Q1: RBI data
RBI data showed the metropolitan regions saw maximum acceleration with YoY credit growth vaulting from 2.7% in June 2021 to 13.2% in June 2022
 "Broad-based, double-digit annual growth seen in bank credit in Q1: RBI data")
Despite 22% jump in 3 months, analysts see more upside in Nifty PSB index
Among individual shares, Bank of Baroda, Canara Bank, State Bank of India, Indian Bank, and Union Bank of India soared between 21 per cent and 34 per cent during the period
 "Despite 22% jump in 3 months, analysts see more upside in Nifty PSB index")
Google removes over 2,000 personal loan apps since Jan on safety concerns
Several borrowers have complained of harassment and blackmailing on loan repayment on the platforms
 "Google removes over 2,000 personal loan apps since Jan on safety concerns")
Listed private non-finance companies log 41% sales growth in Q1FY23: RBI
The Reserve Bank of India (RBI) on Thursday said the first quarter of FY23 saw listed private non-financial companies log 41 per cent sales growth
P2P lending: What's that?
Is it a liquid fund? Is it a fixed deposit? Is it a collective investment scheme?
India's economic indicators give conflicting signs of recovery in July
Demand for Indian goods and services softened, a cross-section of high-frequency indicators compiled by Bloomberg News showed
 "India's economic indicators give conflicting signs of recovery in July")
Digital lenders seek clarifications from RBI on end-use cases, APR
There are reports that payment aggregators are also looking to knock on the RBI doors as their role has been eliminated
 "Digital lenders seek clarifications from RBI on end-use cases, APR")
RBI aims to bring down inflation to 4% in two years: Shaktikanta Das
Central bank hopes to achieve its objectives without too much 'growth sacrifice', he says
 "RBI aims to bring down inflation to 4% in two years: Shaktikanta Das")
New ODI regulations: Govt allows investment in financial services abroad
Holding less than 10% in an overseas entity not considered 'control'
 "New ODI regulations: Govt allows investment in financial services abroad")
Investing abroad rules revamped to increase ease
This should help Indian businesses take and manage overseas exposure
The case for pricing UPI transactions and what's at stake for banks
Banks pay a switching fee running into hundreds of crores every year for UPI, but have to offer the service for free
 "The case for pricing UPI transactions and what's at stake for banks")
Is India ahead of 'unacceptably and uncomfortably high' phase of inflation?
The state of the economy report authored by RBI staff said the fall in the inflation rate in July was a heartening development
 "Is India ahead of 'unacceptably and uncomfortably high' phase of inflation?")
Have expressed clear preference for front-loaded rate action: Jayanth Varma
I expect the rate-setting exercise to become increasingly data-driven in the months ahead, said Varma
 "Have expressed clear preference for front-loaded rate action: Jayanth Varma")
'Delay by authorities can't result in denial of benefits'
The RBI has not stipulated any amount up to which the banks can write off the IDPMS or EDPMS entries automatically