Page 224 - Latest Updates on Reserve Bank of India
RBI names advisory committee to assist administrator of 2 Srei group firms
Srei group, which mainly caters to the MSME and infrastructure sectors, owes around Rs 18,000 crore to around 15 lenders
 "RBI names advisory committee to assist administrator of 2 Srei group firms")
Top headlines: RBI supersedes SREI; Invesco seeks mandatory order from NCLT
Business Standard brings the top headlines of the day
MPC may opt for cut in liquidity, no rate hike: BS monetary policy poll
The RBI accepts overnight excess liquidity from banks at 3.35 per cent, its reverse repo rate
 "MPC may opt for cut in liquidity, no rate hike: BS monetary policy poll")
New RBI norms kick in today, may hit 50% recurring payments
Tt would take at least three months for the entire payments system to start working smoothly, say companies and banks.
TMS, Ep 11: New auto-debit rules, RIL board member row, markets in H1, FY22
Do investors have a case in opposing RIL's move to appoint Aramco chairman to its board? Will your recurring payments fail from today? What is peer-to-peer lending? Get answers in this episode
 "TMS, Ep 11: New auto-debit rules, RIL board member row, markets in H1, FY22")
Top headlines: New RBI norms from today, Adani to run Colombo Port terminal
Eight core sectors' output accelerates in Aug, Monsoon to withdraw from Oct 6, and other top headlines of the day
 "Top headlines: New RBI norms from today, Adani to run Colombo Port terminal")
PNB picks up 12% stake in NARCL, to cut holding by December
PNB's equity stake of 12.06 per cent will be reduced to 9 per cent by December 2021
 "PNB picks up 12% stake in NARCL, to cut holding by December")
Non-food bank credit grows 6.7% in August, shows Reserve Bank data
The non-food bank credit grew by 6.7 per cent in August 2021 as compared to 5.5 per cent in the year-ago month, RBI data showed
 "Non-food bank credit grows 6.7% in August, shows Reserve Bank data")
India current account records surplus in three months to end-June
The surplus stood at 0.9% of the gross domestic product in the latest quarter
 "India current account records surplus in three months to end-June")
Citi expects 15 bps reverse repo hike by RBI at next week's MPC meet
Indian stocks, which had been rallying on expectations of continued cheap cash, fell after the Citi forecast was published
 "Citi expects 15 bps reverse repo hike by RBI at next week's MPC meet")
HDFC Bank issues 400,000 credit cards after regulator lifts embargo
The record issuance is as of September 21, 2021, and marks the aggressive growth path the bank has embarked on post the embargo
 "HDFC Bank issues 400,000 credit cards after regulator lifts embargo")
India Inc's overseas borrowings jump manifold to $2.84 billion in August
Indian companies' external commercial borrowings surged manifold to over $2.84 billion in August 2021, the Reserve Bank data showed on Wednesday
 "India Inc's overseas borrowings jump manifold to $2.84 billion in August")
Top headlines: IOB out of PCA framework; Invesco takes Zee to NCLT
Business Standard brings you the top stories from today
 "Top headlines: IOB out of PCA framework; Invesco takes Zee to NCLT")
Fintech regulations must be based on entity, not activity: RBI Dy Governor
If a fintech player is providing liquidity service (such as deposits and credit), it must be regulated as strictly as a bank, says T Rabi Sankar
 "Fintech regulations must be based on entity, not activity: RBI Dy Governor")
Top headlines: Govt moves on bank privatisation; Lupin to enter diagnostics
Govt will be borrowing Rs 5.03 trillion from the market in the second half, unchanged from what it had planned, but including the GST compensation paid to states. More in top headlines of the day
 "Top headlines: Govt moves on bank privatisation; Lupin to enter diagnostics")
Revised norms for securitisation likely to boost volume of loans
The securitisation process involves the conversion of an assets mostly loans, into marketable securities, which are sold to investors to raise cash
 "Revised norms for securitisation likely to boost volume of loans")
RBI imposes Rs 2 crore penalty on RBL Bank for regulatory non-compliance
RBI imposes monetary penalty on RBL Bank for breaching deposit, board composition norms
 "RBI imposes Rs 2 crore penalty on RBL Bank for regulatory non-compliance")
Reserve Bank of India green focus likely to change way of financing
As the world suffers from unseasonal rains and cyclones, sporadic wildfires lasting days, reducing assets worth billions to ashes, extreme weather events have become a crucial component
 "Reserve Bank of India green focus likely to change way of financing")
Traders, economists see early taper warning signs to markets from RBI
The central bank is increasingly shifting its forex intervention to the forwards market to keep from injecting rupee liquidity, according to analysts.
 "Traders, economists see early taper warning signs to markets from RBI")
RBI permits lenders to sell fraud loans to ARCs, paves way for resolution
Legal onus regarding reporting, monitoring, filing of complaints with law enforcement agencies will move to the ARCs post the transfer