Page 226 - Latest Updates on Reserve Bank of India
A surprise bond rally sweeps over India as global funds pile in
The quick turn in sentiment came after the benchmark 10-year yield rose to its highest since March, accentuated by a Reserve Bank of India policy review held on August 6
 "A surprise bond rally sweeps over India as global funds pile in")
Parliamentary panel to talk divesting RBI of debt management role
Experts say not a good idea when the country is recovering from the Covid crisis
 "Parliamentary panel to talk divesting RBI of debt management role")
HDFC Bank exec says RBI MPC disagreement is no reason to flee market
Investors shouldn't worry about surprise losses and can keep their positions for now
 "HDFC Bank exec says RBI MPC disagreement is no reason to flee market")
Need to ensure orderly growth of account aggregator ecosystem: RBI Dy Guv
The account aggregator ecosystem in the country is in a nascent stage and there is a need for its orderly growth, Reserve Bank of India's deputy governor M Rajeshwar Rao said on Thursday.
 "Need to ensure orderly growth of account aggregator ecosystem: RBI Dy Guv")
RBI fines Axis Bank Rs 25 lakh for flouting KYC norms
The fine is based on a scrutiny carried out by RBI during February 2020 and March 2020 in a customer account maintained with the bank
 "RBI fines Axis Bank Rs 25 lakh for flouting KYC norms")
Rupee's sudden gains have traders speculating RBI is easing grip
The rupee has rallied 1.6% in the previous three sessions to post its biggest gain for the period since March 2
 "Rupee's sudden gains have traders speculating RBI is easing grip")
RBI, govt working to get g-secs included in global indices: Governor Das
He reiterated his stance that G-Sec is a "public good", as it is the benchmark for pricing various instruments in the economy
 "RBI, govt working to get g-secs included in global indices: Governor Das")
'RBI to conduct fine-tuning operations to manage one-off liquidity flows'
Govt securities provide robust backbone for development of corporate bond market, says RBI Governor
Real test of monetary policy is in time of supply shocks: MPC 1.0 member
'Our collective decision was to record our views through the MPC minutes and not elsewhere,' says Chetan Ghate.
 "Real test of monetary policy is in time of supply shocks: MPC 1.0 member")
Jerome Powell speech unlikely to stir India markets, deter foreign inflows
On the contrary, flows into India may surge if the Covid situation remains in control, say experts
 "Jerome Powell speech unlikely to stir India markets, deter foreign inflows")
RBI raises incentive for banks for distribution of coins to public
The Reserve Bank of India has increased incentives for banks for the distribution of coins to the general public to Rs 65 per bag with effect from September 1.
 "RBI raises incentive for banks for distribution of coins to public")
Slack in economy, not the right time to change policy course: RBI Governor
Shaktikanta Das tells TV channel that capacity utilisation is nowhere near pre-pandemic levels
 "Slack in economy, not the right time to change policy course: RBI Governor")
Central banks should not mandate 'green' investments: Raghuram Rajan
The former RBI governor said central banks should turn their focus to the financial stability of these green investments and other threats such as crypto currencies and cyber security
 "Central banks should not mandate 'green' investments: Raghuram Rajan")
RBI promotes Ajay Kumar as Executive Director effective August 20
Prior to becoming ED, Kumar was heading RBI's New Delhi Regional Office as regional director
 "RBI promotes Ajay Kumar as Executive Director effective August 20")
Working with RBI to ensure customers don't have to key in card number: PCI
The RBI's new rules are supposed to kick in from January 2022
 "Working with RBI to ensure customers don't have to key in card number: PCI")
Liaison office of WEF in India exempt from GST, rules AAR Maharashtra
Says services rendered by forum's liaison office are not for furtherance of business, and that the office is a public interest not-for-profit set up that needn't be registered under GST law
 "Liaison office of WEF in India exempt from GST, rules AAR Maharashtra")
RBI panel suggests umbrella body for helping smaller UCBs scale up
Says large UCBs that cannot function fully as a bank be treated like SFBs
 "RBI panel suggests umbrella body for helping smaller UCBs scale up")
HDFC Bank aims to issue 300,000 credit cards per month from next quarter
HDFC Bank is looking at winning back the market share by number of cards in the next one year, a senior official said on Monday.
 "HDFC Bank aims to issue 300,000 credit cards per month from next quarter")
IBA seeks licence to set up Rs 6,000-cr bad bank, RBI nod soon: Report
RBI's approval could come either in September or October, sources added
MPC member Varma the only one to favour raising reverse repo rate
His was the lone dissenting voice against a continued "accommodative" stance, minutes of the August 4-6 meetings showed