Page 173 - Latest Updates on Reserve Bank of India
What is the 'Letter of Comfort' banned by the Reserve Bank of India?
The ban imposed by the RBI may impact loans worth Rs 35,000 crore, impacting power, healthcare, engineering & construction, and road sectors the most
 "What is the 'Letter of Comfort' banned by the Reserve Bank of India?")
Credit rating of Rs 35,000 cr debt could be lowered due to RBI diktat: Icra
Power, healthcare, engineering, construction, and roads sectors account for 60% of the total entities whose ratings could potentially be affected
 "Credit rating of Rs 35,000 cr debt could be lowered due to RBI diktat: Icra")
HDFC executes unusual trade to hedge borrowings against interest rate risk
The switch in hedging tools comes as markets are buffeted by surging policy rates, with the Reserve Bank of India having hiked by 140 basis points since May to tackle inflation
 "HDFC executes unusual trade to hedge borrowings against interest rate risk")
Letting ED add its chilling effect to crypto winter will kill the industry
A couple more scandals, and the ED may achieve the shutdown the RBI has long wished for: The considerable talent India has in this area will flee to more welcoming jurisdictions like Dubai
 "Letting ED add its chilling effect to crypto winter will kill the industry")
Bank of Baroda to increase MCLR rates by up to 0.2% from August 12
The interest rate hike comes after the Reserve Bank of India's (RBI's) six-member monetary policy committee (MPC) raised the benchmark repo rate by another 50 bps to 5.40 per cent last week
 "Bank of Baroda to increase MCLR rates by up to 0.2% from August 12")
RBI cancels Rupee Co-operative's licence; lender to cease business Sep 22
More than 99% of depositors of Pune-based lender to receive the full amount, says regulator
SBI, Bank of Baroda may look to raise Rs 8,000 cr through bond sale
While SBI may opt for Rs 4,000-crore tier-II bond sale, Bank of Baroda looks to issue AT-1 bonds worth Rs 3,000-4000 crore in tranches
 "SBI, Bank of Baroda may look to raise Rs 8,000 cr through bond sale")
Top headlines: Hindalco Q1 net jumps 48%; RBI's digital lending guidelines
The Reserve Bank of India (RBI) on Wednesday released its guidelines for digital lending, listing companies allowed in the business, the rules for loans and data collection, and how fee is charged
 "Top headlines: Hindalco Q1 net jumps 48%; RBI's digital lending guidelines")
India at 75: The economic institutions have tended to over-regulate
For India's economic regulators, acquiring a better understanding of markets and acting accordingly will be the challenge for the next 25 years
Top Headlines: FPIs cut stake in BSE firms, pharma eyes $400 bn turnover
The Centre's recent move to impose GST on services rendered by the markets regulator, Securities and Exchange Board of India (Sebi), has rattled FPIs
 "Top Headlines: FPIs cut stake in BSE firms, pharma eyes $400 bn turnover")
Mswipe Technologies gets RBI approval for payment aggregator's licence
Joins companies allowed to manage and process merchants' online transactions
 "Mswipe Technologies gets RBI approval for payment aggregator's licence")
India's Covid-19 fiscal stimulus was relatively small, say experts
With the latest round of repo rate hike by the Reserve Bank of India (RBI), all the pandemic rate cuts have now been reversed
 "India's Covid-19 fiscal stimulus was relatively small, say experts")
'Space availability certificate not required for filing in-bond B/E'
The requirement of producing the space availability certificate for clearance of goods to be deposited in a bonded warehouse has been done away with
 "'Space availability certificate not required for filing in-bond B/E'")
Trade settlement in rupee: Fearing sanctions by West, banks seek clarity
Large banks with overseas operations have sought clarity and assurance from RBI that they will not be targeted with sanctions for facilitating rupee trade with a sanction-hit country such as Russia
 "Trade settlement in rupee: Fearing sanctions by West, banks seek clarity")
HDFC Bank, IDFC First hike MCLR post repo rate hike by Reserve Bank
Most banks have revised their external benchmark linked loan rates by 50 bps
 "HDFC Bank, IDFC First hike MCLR post repo rate hike by Reserve Bank")
RBI imposes fine on 8 urban co-operative banks for breach of various norms
Penalty has been imposed on Mehsana Urban Co-operative Bank for non-compliance with certain provisions of the Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016.
 "RBI imposes fine on 8 urban co-operative banks for breach of various norms")
Ladder your fixed deposits to avoid the risk of reinvestment: Experts
Debt fund investors should keep the bulk of their investments in shorter-duration funds, 10-20% in longer-duration ones
 "Ladder your fixed deposits to avoid the risk of reinvestment: Experts")
Sensex soars 465 pts, Nifty tops 17,500; all except PSBs rally; SBI dips 2%
CLOSING BELL: Coal India, M&M, Bajaj Finserv, HDFC Bank, Hindalco, Axis Bank, NTPC, L&T, HDFC, Dr Reddy's Labs, RIL, IndusInd Bank, and Apollo Hospitals were the top gainers on the 50-pack index today
 "Sensex soars 465 pts, Nifty tops 17,500; all except PSBs rally; SBI dips 2%")
Latest RBI survey shows household inflation expectations eased 80 bps
Households' 3-month, one-year inflation expectations fell 50 bps, 60 bps
 "Latest RBI survey shows household inflation expectations eased 80 bps")
Equity, debt markets' strategy post RBI's rate hike decision
Bond prices fell sharply while the equities rallied after the RBI's rate hike on Friday. Our next report tells us how the increase in repo rate will affect both these asset classes
 "Equity, debt markets' strategy post RBI's rate hike decision")