Page 227 - Latest Updates on Reserve Bank of India
MPC minutes: RBI Guv pitches for continued policy support to revive growth
Reserve Bank Governor Shaktikanta Das opined that continued policy support with a focus on revival and sustenance of growth was the most desirable and judicious policy option at the moment
 "MPC minutes: RBI Guv pitches for continued policy support to revive growth")
FDI for bank-promoted insurance firm to be vetted by RBI, Irdai: Govt
Foreign direct investment in an insurance company promoted by a private bank will be cleared by the RBI and Irdai to ensure that the 74 per cent limit of overseas investment is not breached, govt said
 "FDI for bank-promoted insurance firm to be vetted by RBI, Irdai: Govt")
Why RBI disagrees with market perception on policy normalisation
RBI's announcement of liquidity absorption through the variable reverse repo auction was interpreted by the market as an indication of withdrawal from the accommodative stance
 "Why RBI disagrees with market perception on policy normalisation")
Lifting of credit card ban may spark up to 32% rally in HDFC Bank: Analysts
The scrip surged 3 per cent at Rs 1,564.75 on the BSE in intra-day trade on Wednesday and was among the top gainers on the BSE barometer
 "Lifting of credit card ban may spark up to 32% rally in HDFC Bank: Analysts")
RBI relaxes norms on foreign sovereign bond investment
The RBI has allowed the banks to keep sovereign bonds away from the 10 per cent limit
 "RBI relaxes norms on foreign sovereign bond investment")
RBI issues revised instructions for banks on locker management
As per the revised guidelines, banks will be required to incorporate a clause in the locker agreement prohibiting the hirer from keeping anything illegal or hazardous in lockers
RBI to buy up to Rs 25,000 cr of 5 gilts on August 26 under G-SAP 2.0
The Reserve Bank will conduct open market purchase of government securities of Rs 25,000 crore on August 26, under the G-sec Acquisition Programme (G-SAP 2.0).
HDFC Bank can rally 11% to a new high of Rs 1,750, suggest tech charts
Once the hurdle mark is decisively conquered on the higher side, the upside rally may see a new all-time high
 "HDFC Bank can rally 11% to a new high of Rs 1,750, suggest tech charts")
Top headlines: RBI speaks on inflation; HDFC gets to issue new credit cards
Business Standard brings you the top headlines of the day
Reserve Bank of India's FI-Index shows better access to financial services
The RBI had announced the introduction of such an index in its bi-monthly monetary policy statement on April 7
 "Reserve Bank of India's FI-Index shows better access to financial services")
Little more than half of financial inclusion achieved, says RBI's new index
According to RBI's assessment, the FI-Index for the period ending March 2021 is 53.9 as against 43.4 for the period ending March 2017
 "Little more than half of financial inclusion achieved, says RBI's new index")
Bond losses seen as RBI's rate setters move toward a hawkish stance
The benchmark 10-year yield will climb to 6.40% by December, while the five-year yield will increase to 5.90%
 "Bond losses seen as RBI's rate setters move toward a hawkish stance")
RBI gives Ind Bank Housing time till Dec to complete revival process
The Reserve Bank has asked Ind Bank Housing Ltd to complete its revival process by the end of December and submit a board-approved plan
Central Board of Reserve Bank of India reviews current economic situation
The Central Board of RBI on Friday reviewed the current economic situation and the recent policy measures taken by the Reserve Bank to mitigate the adverse impact of COVID-19
RBI likely to hike interest rates starting early 2022, say analysts
The Reserve Bank may be hitting the end of its tolerance for high inflation and will most likely hike interest rates in the first half of 2022, analysts said on Friday.
ATM body protests RBI's penalty rule if found with no cash, seeks review
MHA norms restrict cash movement in rural, semi-urban areas, which will hinder cash distribution, says an official of the Confederation of ATM Industry
 "ATM body protests RBI's penalty rule if found with no cash, seeks review")
Top headlines: RBI buys record gold, ISRO satellite mission fails
Business Standard brings you the top headlines of the day
 "Top headlines: RBI buys record gold, ISRO satellite mission fails")
YES Bank eyes own asset reconstruction company, invites EoIs from investors
In April, the RBI formed a 6-member panel headed by Sudarshan Sen, former ED, to carry out a comprehensive review of the working of ARCs in the financial sector ecosystem
 "YES Bank eyes own asset reconstruction company, invites EoIs from investors")
Gadkari pitches for using RBI's rising forex reserves for infra development
Gadkari pointed out that he is talking to the World Bank, the Asian Development Bank and the New Development Bank NDB) for infrastructure funding in India, but he is not satisfied by their response.
 "Gadkari pitches for using RBI's rising forex reserves for infra development")
Global banks unwind India currency trades worth billions after RBI warning
The issue in focus is a flurry of currency swap trades that involved the banks converting rupee-denominated deposits into dollars that were then used to buy foreign sovereign debt
 "Global banks unwind India currency trades worth billions after RBI warning")