Page 203 - Latest Updates on Reserve Bank of India
RBI likely to maintain status quo on rates to support growth, say analysts
The RBI Governor-headed rate setting panel -- Monetary Policy Committee (MPC) -- will be holding its first meeting of the 2022-23 fiscal from April 6 to 8. The
 "RBI likely to maintain status quo on rates to support growth, say analysts")
NARCL chairman Pradip Shah quit before RBI nod: State Bank of India
After Shah stepped down, Subrata Biswas, a deputy managing director of SBI and one of the nominee directors of NARCL, was appointed as interim chairman
 "NARCL chairman Pradip Shah quit before RBI nod: State Bank of India")
Recapitalisation bonds to face mark-to-market provision, says RBI
The RBI also said that, 'investments classified under HTM shall be carried at acquisition cost, with the premium over the face value being amortised over the tenor of the instrument'
 "Recapitalisation bonds to face mark-to-market provision, says RBI")
RBI extends timelines for banks to use lockable cassettes in ATMs by a year
The RBI decided to extend the timeline after it received representations from various banks and Indian Banks' Association expressing difficulties in meeting the timeline
Non-food credit growth accelerates to 8% in Feb: RBI data
For the current fiscal year till February 25, the non-food credit growth has accelerated to 6.2 per cent against 3.7 per cent for the same period of the last year
RBI risks falling behind curve on curbing inflation like US Fed: SBI Funds
The Reserve Bank of India has confounded market expectations with its accommodative policy even as inflation breached its 6% limit for two months
Time to widen the policy focus
The first big policy test of the new financial year will be the monetary policy review next week.
Best of BS Opinion: Reflection of time, irreversible damage & more
Here are the best of BS Opinion pieces of the day
 "Best of BS Opinion: Reflection of time, irreversible damage & more")
RBI announces another $5-bn dollar/rupee sell-buy swap on April 26
The move is aimed to take out excess liquidity
 "RBI announces another $5-bn dollar/rupee sell-buy swap on April 26")
Compliance, risk management, audit weaknesses of banks, says RBI's MK Jain
RBI's MK Jain observed that the compliance setup was not resourced adequately with required number and quality of staff in many cases.
A Panglossian countenance on inflation
Central bank communication had moved decisively from "secrecy" to "transparency and accountability" over the decades.
Maharashtra saw highest number of complaints against digital loan apps
A total of 2,652 complaints against digital loan apps (DLA) were received by 'Sachet' - a portal established by the RBI
 "Maharashtra saw highest number of complaints against digital loan apps")
High inflation to compel RBI to signal neutral policy stance: S&P
The RBI will likely raise the repo rate by at least 50-75 basis points through FY23, and by another 50 basis points in FY24, the ratings agency said
RBI to maintain status quo at April meet: Axis Bank Chief Economist
On the currencies front, Bhattacharya estimated the rupee to depreciate to 76.50 against the dollar in FY23 as against 74.50 in FY22
Indian banking in pink of health but what next?
Banks are caught in their own narrative: credit growth. Soon, one may see bubbles in certain pockets.
 "Indian banking in pink of health but what next?")
Enforcement Directorate wants RBI to block NBFCs on a Chinese string
Lists 40 NBFCs extending small-ticket loans but acting as a front for Chinese fintech firms
 "Enforcement Directorate wants RBI to block NBFCs on a Chinese string")
Fintech delinquency rates are not alarming: LenDenClub CEO Bhavin Patel
The government is focusing on certain sectors like, say, infrastructure, and you will have a boom as a result of this: Patel
 "Fintech delinquency rates are not alarming: LenDenClub CEO Bhavin Patel")
RBI releases framework for geo-tagging of payment system touch points
Geo-tagging refers to capturing the geographical coordinates (latitude and longitude) of payment touch points deployed by merchants to receive payments from their customers
RBI central board discusses impact of geopolitical crises on Indian economy
The 594th meeting of the Central Board of Directors of RBI was held on Friday at Bengaluru under the Chairmanship of Governor Shaktikanta Das
 "RBI central board discusses impact of geopolitical crises on Indian economy")
Top headlines: RBI reviews payment firms; US recovery helps India exports
The RBI has decided to review the business models of payment aggregators in view of a spate of frauds hitting customers.
 "Top headlines: RBI reviews payment firms; US recovery helps India exports")