Page 193 - Latest Updates on Reserve Bank of India
Structural reforms essential for sustained, balanced, inclusive growth: RBI
RBI stressed that the future path of growth would be conditioned by addressing supply-side bottlenecks, calibrating monetary policy to bring down inflation and boosting capital spending
 "Structural reforms essential for sustained, balanced, inclusive growth: RBI")
Top Headlines: Standards for shared economy, dilemma over bank licences
India will soon come up with standards for shared-economy services players owing to the rising number of complaints from consumers
 "Top Headlines: Standards for shared economy, dilemma over bank licences")
RBI likely to introduce a comprehensive IT outsourcing framework
Move could be in sync with new privacy Bill
 "RBI likely to introduce a comprehensive IT outsourcing framework")
Dilemma over bank licences: NBFCs struggle to make the cut for RBI's rules
The RBI has also tightened guidelines, narrowing the regulatory arbitrage that existed between NBFCs and banks
 "Dilemma over bank licences: NBFCs struggle to make the cut for RBI's rules")
GST: Cooler heads for constructive ends
To be sure, the cooperative spirit has gone missing since about 2018, reflecting the heavy-handedness of the Centre, not just on the GST but across a range of issues
 "GST: Cooler heads for constructive ends")
Should central bankers consider pitfalls of making declarative statements?
In recent times, central bankers have stressed the need to be nimble, humble even. Recent mistakes warrant some humility
 "Should central bankers consider pitfalls of making declarative statements?")
Top headlines: RBI's move on 5 NBFCs, bank privatisation, and more
Here are the top headlines on Thursday morning
 "Top headlines: RBI's move on 5 NBFCs, bank privatisation, and more")
Inflation, rates hikes may push yields up further: DSP Investment's Yadav
In a Q&A, the head of the fixed income vertical at the firm says the 10-year benchmark rising above 7% is normal and not a sign of instability
 "Inflation, rates hikes may push yields up further: DSP Investment's Yadav")
Gift City gold imports: Qualified jewellers can make advance payment
Banks have been asked to carry out all the due diligence and ensure remittances sent are only for the bona fide import transactions through exchange/s authorised by IFSCA
 "Gift City gold imports: Qualified jewellers can make advance payment")
RBI cancels registration of five NBFCs due to irregular lending practices
The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things
Credit growth vaults in metros to 9.7% in FY22 despite second wave
The growth was 1.7% in FY21 and 4.8% cent in FY20, a pre-pandemic year
 "Credit growth vaults in metros to 9.7% in FY22 despite second wave")
RBI issues norms for gold import by qualified jewellers through IIBX
The RBI on Wednesday came up with norms for facilitating physical import of gold through India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by Qualified Jewellers
 "RBI issues norms for gold import by qualified jewellers through IIBX")
RBI cancels registration of 5 NBFCs, cites 'irregular' lending practices
The Reserve Bank on Wednesday said it has cancelled Certificate of Registration of five NBFCs for violation of norms related to outsourcing and fair practices code in their digital lending operations.
Retail inflation may settle at 5.7-6.9% in FY23 after fuel duty cuts
Economists expect 40-50 bps hike in repo rate by MPC next month
 "Retail inflation may settle at 5.7-6.9% in FY23 after fuel duty cuts")
Polarisation damaging foundations of India's growth: Kaushik Basu
Basu further said India's big challenge is unemployment and joblessness as youth unemployment in India is over 24 per cent, which is among the highest in the world
 "Polarisation damaging foundations of India's growth: Kaushik Basu")
Overseas investors' concerns remain as shift to T+1 settlement cycle nears
Issues around on trade confirmation day, forex booking, pre-funding yet to be fully settled
 "Overseas investors' concerns remain as shift to T+1 settlement cycle nears")
Credit card spend jumps 48% to top Rs 1 trillion in March, shows data
The jump has been driven by the pickup in consumption as the pandemic recedes
 "Credit card spend jumps 48% to top Rs 1 trillion in March, shows data")
RBI-constituted panel to review customer service standards in banks, NBFCs
The RBI on Monday said it has set up a committee to evaluate the efficacy, adequacy and quality of customer service in banks, NBFCs, and other entities regulated by it.
 "RBI-constituted panel to review customer service standards in banks, NBFCs")
JPMorgan warns India earnings optimism overdone as stocks falter
The warning comes as sell-side analysts estimate overall earnings per share for companies in the benchmark NSE Nifty50 Index to rise almost 17 per cent over the next 12 months
 "JPMorgan warns India earnings optimism overdone as stocks falter")
Don't expect a big jump in current account deficit: RBI Guv Shakikanta Das
The RBI governor said that inflation projection will be realistically given in next monetary policy committee meet due to take place in June
 "Don't expect a big jump in current account deficit: RBI Guv Shakikanta Das")