Page 198 - Latest Updates on Reserve Bank of India
Indian shares extend losses after central bank's surprise rate hike
Indian shares extended losses on Wednesday after the country's central bank announced a surprise increase in key policy rate. The NSE Nifty 50 index was down 1.7% at 16,780
 "Indian shares extend losses after central bank's surprise rate hike")
In a surprise move, RBI raises repo rate by 40 bps to 4.40 per cent
The RBI MPC voted unanimously to increase the benchmark rate, said Governor Shaktikanta Das
 "In a surprise move, RBI raises repo rate by 40 bps to 4.40 per cent")
Take a cautious approach in launching a digital currency, says report
Developing it could have some hazards, including those to institutions, end-users, and reputation of the central bank, says NCAER working paper
 "Take a cautious approach in launching a digital currency, says report")
RBI Governor Shaktikanta Das to make unscheduled statement at 2 pm
The yield on 10-year benchmark bond spiked 9 bps to touch 7.2% after the news
 "RBI Governor Shaktikanta Das to make unscheduled statement at 2 pm")
Gadkari pitches for priority sector lending to alternative fuel players
Gadkari said they found it difficult to compete with the petrol and diesel sector, which has deep pockets
 "Gadkari pitches for priority sector lending to alternative fuel players")
How to make the most of RBI's new customer-friendly credit card rules
Some smart tweaking of the billing cycle will give you more time to settle without having to pay any interest; set spending limits where necessary
 "How to make the most of RBI's new customer-friendly credit card rules")
Comparing realisations with outstanding loans not reasonable, says RBI DG
Admitting that there have been concerns, Rao said one needs to understand that the value of the asset may have already deteriorated by the time it comes up at the courts
 "Comparing realisations with outstanding loans not reasonable, says RBI DG")
Top Headlines: India to overcome Covid losses by FY35, Trai's 5G proposals
Business Standard brings you the top headlines at this hour
 "Top Headlines: India to overcome Covid losses by FY35, Trai's 5G proposals")
Non-food bank credit grew 9.7% in March, personal loans rose 12.4%: RBI
Loans to agriculture and allied activities continued to perform well, registering a growth of 9.9 per cent in the reporting month
 "Non-food bank credit grew 9.7% in March, personal loans rose 12.4%: RBI")
RBI new ban likely to push up approval cost for property developers
The issue could be more worrisome for developers in Mumbai because premium payment and TDR appertain more to the city, experts said.
 "RBI new ban likely to push up approval cost for property developers")
Forex reserves down $3.271 bn to $600.423 bn, says RBI data
In the previous week, the reserves had declined by USD 311 million to USD 603.694 billion
 "Forex reserves down $3.271 bn to $600.423 bn, says RBI data")
Startup firms let Indian retail investors buy corporate debt at $130
The new start ups are seeking to reassure investors they are doing all they can to protect their clients
 "Startup firms let Indian retail investors buy corporate debt at $130")
RBI modifies norms for banks on short term crop loan scheme under KCC
In order to provide short term crop loans up to Rs 3 lakh to farmers at an interest rate of 7 per cent per annum, the government offers interest subvention of 2 per cent annually to banks
 "RBI modifies norms for banks on short term crop loan scheme under KCC")
Top Headlines: Features of LIC IPO, Damani eyes partners for Ambuja buy
Business Standard brings you the top headlines at this hour
 "Top Headlines: Features of LIC IPO, Damani eyes partners for Ambuja buy")
Reserve Bank of India may curb first-loss default guarantees
Only regulated entities, rated arrangements can pass muster
How neobanks are set to disrupt $31 billion Indian fintech market
As the third largest fintech ecosystem in the world after the US and China, the Indian fintech market is poised for further disruption with the emergence of neobanks
 "How neobanks are set to disrupt $31 billion Indian fintech market")
In a first, RBI may have to explain to govt why it couldn't curb inflation
Retail inflation has overshot the 6% upper tolerance limit for three years on the trot; experts say protracted Ukraine war and other factors may keep prices up
 "In a first, RBI may have to explain to govt why it couldn't curb inflation")
RBI to hike repo rate in June, earlier than previously thought: Poll
RBI Repo rate hike: Retail inflation will likely soar further as a spike in global energy prices since Russia's invasion of Ukraine seeps into consumer prices
Raising policy rates is not anti-national, RBI will have to do it: Rajan
Inflation is up in India. At some point, the RBI will have to raise rates, like the rest of the world is doing, Rajan said
 "Raising policy rates is not anti-national, RBI will have to do it: Rajan")
With global finances at risk, can India avoid a repeat of the 1991 crisis?
India may have done well by keeping commercial bank lending to the government within manageable limits, but RBI has been lending more to the government, which means it has been printing more notes
