Page 201 - Latest Updates on Reserve Bank of India
Best of BS Opinion: A faster rate hike, new programming language, and more
Here are the top BS Opinion articles of the day
 "Best of BS Opinion: A faster rate hike, new programming language, and more")
Will there be a rate hike in June?
That it's not far away is a reality, and the Indian central bank is not in denial mode. Despite the rate not being increased, formally, there couldn't have been a more hawkish policy last week
 "Will there be a rate hike in June?")
RBI issues draft norms for trade via e-com mode
The roles and responsibilities of the banks and OEIF and the disciplines for operating the import and export collection accounts are clearly spelt out
Shifting gear
Prepare for rate hikes faster than expected
 "Shifting gear")
Will fintech firms' governance standards, role of PEs attract scrutiny?
Fintech promoters, their private equity backers, and regulated entities that have teamed up with new-age firms will need to go back to the drawing board
 "Will fintech firms' governance standards, role of PEs attract scrutiny?")
FAQ on taxation of cryptocurrencies, virtual digital assets in works
The government is working on an FAQ on taxation of cryptocurrencies, which will give a nuanced clarification on the applicability of income tax and GST on virtual digital assets, an official said.
 "FAQ on taxation of cryptocurrencies, virtual digital assets in works")
Monetary policy: RBI to revisit KYC rules after digital lending fraud
RBI Governor Shaktikanta Das said the RBI actions on KYC rules have to be in consonance with the Prevention of Money Laundering Act (PMLA)
 "Monetary policy: RBI to revisit KYC rules after digital lending fraud")
Pressure building on banks to raise lending rates, albeit gradually
Real action only after policy rate revision
RBI monetary policy review: FY23 inflation projections raised to 5.7%
The projection on inflation is based on the assumption of international crude oil prices of the Indian basket remaining at $100 billion a barrel
Inflation expectation, consumer confidence rise, says RBI survey
'For a majority of population and age groups, uncertainty in inflation expectations increased for both three-month and one-year horizons, as compared to the previous survey round' the RBI said
 "Inflation expectation, consumer confidence rise, says RBI survey")
RBI imposes penalties of Rs 93 lakh each on Axis and IDBI Bank
A monetary penalty of Rs 93 lakh has been imposed on Axis Bank for non-compliance of certain directions issued by RBI, the regulator said in a release
 "RBI imposes penalties of Rs 93 lakh each on Axis and IDBI Bank")
RBI monetary policy review: Revised HTM cap to aid govt borrowing
It is also expected to help in softening the blow from hardening bond yields, bankers and analysts said
 "RBI monetary policy review: Revised HTM cap to aid govt borrowing")
Low interest rate on home loans to boost housing sales, say realtors
Harsh Patodia, president of realtors' body CREDAI, said the RBI's decision of keeping the repo rate unchanged at the historic low of 4% will bring economic development and growth in the country
 "Low interest rate on home loans to boost housing sales, say realtors")
Policy review pragmatic, indicates RBI's concerns on inflation: Bankers
Industry lobby grouping Indian Bank Association's chairman and state-run Punjab National Bank's chief executive and managing director A K Goel sad the moves indicate RBI's "concern on prices"
 "Policy review pragmatic, indicates RBI's concerns on inflation: Bankers")
Rupee up 10 paise to 75.93 vs dollar amid RBI status quo on rates
Announcing the monetary policy, RBI Governor Shaktikanta Das said the Indian economy has large forex reserves and that it stands ready and resolute to defend the economy
 "Rupee up 10 paise to 75.93 vs dollar amid RBI status quo on rates")
RBI trims FY23 growth forecast to 7.2% amid geopolitical uncertainties
The RBI on Friday kept the benchmark interest rate, repo -- at which it lends short term money to banks -- unchanged at 4%
 "RBI trims FY23 growth forecast to 7.2% amid geopolitical uncertainties")
'Turning the policy corner': What experts have to say about RBI decisions
RBI monetary Policy: As the central bank keeps the repo rate unchanged at 4 per cent, here is what the industry experts has to say
 "'Turning the policy corner': What experts have to say about RBI decisions")
Decline and fall
The governor of a central bank must be trusted to act in good faith by the government of the day
 "Decline and fall")
Anonymity in CBDC payments may mostly be same as cash payments: RBI Dy Guv
T Rabi Sankar said it will have to be decided whether achieving anonymity of transactions can be done using technology or the law
 "Anonymity in CBDC payments may mostly be same as cash payments: RBI Dy Guv")
Reserve Bank of India nod to banks to open digital banking units
The banking regulator has mandated minimum products and services that banks must offer in these DBUs